Euro business chiefs fear double dip recession

Almost 30% of over 100 leaders surveyed see a double recession as the biggest risk facing the global economy in H2. Next on the list came sovereign debt default (19%), followed by market volatility (9%), and another banking crisis (9%). However, worries have dropped over a potential break-up of the Eurozone sparked by the recent Greek economic meltdown, with only 5% seeing this as a risk in the future. Despite their fears, a huge 90% of respondents believe their firms can cope successfully with risks for the rest of the year. "Regardless of whether we face a further global reces...