ECB warns of global contagion risks

The European Central Bank has warned that the Eurozone debt crisis could spread to engulf further member states, creating risks to financial stability that could reverberate around the world.

Contagion of euro area sovereign debt strains remains the most pressing risk for financial stability in the euro area, the European Union and even across the globe, said the ECBs latest Eurozone financial stability review, released on Monday ... READ MORE

Released by FT 19 December 2011