Withdrawing economic stimuli and tightening monetary policy are difficult choices, but asset bubbles are cropping up, Nouriel Roubini told CNBC in Davos.
The European Central Bank will start phasing out the measures it took to boost liquidity at the height of the crisis and it cannot cater to the needs of individual countries with problems, Axel Weber, ECB governing council member, told CNBC Wednesday.
The budget problems of EU members Portugal, Ireland, Greece and Spain have made the unflattering acronym, PIGS, common parlance in global economic circles, such as that of the World Economic Forum's annual meeting in Davos, Switzerland this week.
Held at the iconic Somerset House in London's West End, the catwalk shows and exhibitions highlighted the UK's place in the global fashion landscape along with featuring new talent.
With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.