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7/21/06

The Financial Express: Middle East crisis risks choking off European growth

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The Financial Express: Middle East crisis risks choking off European growth

The crisis in the Middle East and the threat of oil prices above $80 a barrel risk choking growth in Italy and Europe, state-funded Isae Institute said on Thursday.

‘‘What is happening in the Middle East, beyond the immediate impact it can have on oil prices, is an element of uncertainty that can hurt international markets and could put at risk the tentative recovery that one now sees in the euro area,’’ said Isae President Alberto Majocchi in an interview in Rome.

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