Financial markets are looking at many challenges as 2012 approaches. One of the major financial economies that is being effected is Europe. Europe, one of the financial markets that are being targeted is witnessing a recession as of now and it doesn’t look like it is getting any better as 2012 approaches. The financial markets are talking about Greek bailouts and more credit ratings are downgrading as heavy schedule of bonds are being issued by European governments and banks to cover the debt.
Many analysts are saying that there are little hopes that the liquidity aid will help prop up euro-zone bond markets and keep down sovereign borrowing costs. The European Central Bank has already allotted nearly $7 billion to cover the cost of the debts but that is not enough to put Europe out of a recession.
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