Such collaborative actions may cover the roles of the IMF, which commits itself to extensive reform to meet new challenges under the leadership of Rodrigo. Conclusion It is often said that Asia is highly diverse in culture, social framework and the stage of economic development.
Having fully recognised this, Germany, although very attached to its balanced budget principle, has temporarily relinquished its zero deficit policy. But if debt soars, could certain European countries default? Is there a risk of a domino effect? 1/3  BIS central bankers' speeches  No. The euro area’s architecture has been strengthened precisely to address that fragmentation risk.