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IPFS News Link • Economy - International

Sovereign default remains top 2011 risk for WEF

• Reuters

The risk that parlous government finances will trigger sovereign debt defaults remains one of the biggest threats facing the world in 2011, according to the World Economic Forum.

Punishing levels of public debt built up to counter the financial crisis have reduced the capacity of countries to handle further shocks to critically low levels, according the group's closely watched 2011 Global Risks report.