Specifically, last week, on 10th of August, the FOMC stated that the pace of economic recovery had slowed in recent months, indicating that it would take a little longer for the US to return to the normal state. Similarly the euro-zone faces a situation in which the sovereign risk problems of certain Southern European countries have not yet been fundamentally resolved.
Nevertheless the July 23rd announcement of the results of the stress tests carried out on European banks have greatly allayed concerns about the future of the euro-zone banking system.