Europe Fears Dominate as Bankers Press Politicians at IIF

International bankers meeting in Washington over the weekend shared their fears that central banks won't be able to jumpstart a slowing European economy that could threaten global growth.

A European recession is the top concern or risk for the next 18 months, according to attendees surveyed by the Institute of International Finance at its annual gathering. The International Monetary Fund said last week the euro area will grow at a 1.3 percent rate in 2015, less than half that of the U.S. The IMF cut its outlook for global growth to 3.8 percent.