–    If eurozone debt problems do worsen, there is the possibility that the credit risk of newly emerging market countries would also increase owing to a strengthened preference for safe haven assets.
(QE2) The global financial markets are likely to react extremely sensitively to the direction of the US Fed’s monetary policy ahead of the expiry of the second quantitative easing at the end of next June. –  Market attention may well focus on whether or not there will be further quantitative easing (QE3).