‘Crisis in the eurozone is not over’, says MAS chief

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Risk premiums in Europe have fallen substantially during the past six months, but eurozone economies have still recovered "less than 60%" of the output lost during the global financial crisis, and structural issues "remain unresolved", according to Ravi Menon, managing director of the Monetary Authority of Singapore. Meno's observations highlight that while some of the ‘tail risks' to economic growth have eased during the past six months, the outlook for the global economy is still precarious

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