Here is my latest piece published in the IBA Global Insight newsfeed:

Following in the footsteps of its Eurozone neighbours Spain, Ireland, Greece, Portugal and Cyprus, fears of deteriorating growth this week saw Italy become the latest country to fall victim to Standard & Poor’s credit downgrading.

As this most recent downgrading demonstrates, the challenges facing the European financial markets are numerous and increasingly complex.

During a plenary session at Session 480, ‘The Rule of Law in a Globalized World’, at the Salzburg Global Seminar, Carlos Primo Braga, Special Representative and Director for Europe External Affairs at the World Bank, and Michel Nussbaumer, chief counsel of the European Bank for Reconstruction and Development (EBRD), spoke about the short-term and long-term prospects and challenges to growth in Europe.

Published on 23-09-11. Read on here