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Tuesday, January 28, 2014

EU 'worried' by emerging markets

EU 'worried' by emerging markets
Tue, 28 Jan 2014 8:40 AM

Eurozone countries are "worried" by the problems hitting emerging economies but do not believe there is a risk of contagion, senior officials said on Monday.

Jeroen Dijsselbloem, the head of the Eurogroup which gathers the finance ministers of countries that use the single currency, insisted that the euro's fragile recovery was not threatened.

The worries over markets such as Argentina, Turkey and Russia come as the eurozone is emerging from the worst of its debt crisis.

"Of course we are worried about this from the perspective of the emerging countries," Dijsselbloem told a press conference after a meeting of the group in Brussels.

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