[author: Steve Quinlivan]
The Financial Stability Oversight Council, or FSOC, has issued its annual report. Part of the report focuses on Potential emerging threats to U.S. financial stability. According to the report:
The euro area poses an obvious risk
Dissolution of the euro would come at a great cost
A systematic crisis in Europe would represent a significant risk for US financial institutions
Risks could arise from uncertainty about the vigor of global growth outside Europe
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