There is a lot at stake: disruptions in the government bond markets might spill over to the real economy and harm activity again, also in other countries. The second important challenge is how to avoid a prolonged economic stagnation in Europe.
BIS Review 78/2007  1  by the G8 and pushing for a successful conclusion to the Doha Round of trade negotiations. Failure to fulfil these commitments energetically, and now, risks missing the opportunity afforded by the current favourable global economic conditions to sustain global prosperity. Worse still, it would undermine the very dynamic that underpins the current rapid pace of economic growth.