Whilst the president of the European Commission remains upbeat on Europe's economic credentials, the IMF warns of a worrying global downward spiral and RBS faces the prospect of a billion-dollar damages bill. We round up today's papers for you.
BBC Europe will not slide back into recession, and the euro remains "strong and resilient", the president of the European Commission has said. MORE... Telegraph The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a "threatening downward spiral". MORE... Royal Bank of Scotland could be left facing billions of dollars worth of damages after US regulators rounded on the world's largest banks for their role in the sale of toxic mortgage debt. MORE...
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