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European Union finance ministers have asked the bloc's banking supervisor to draw up a report on banks' capital levels, a European official said Thursday, amid fears that the worsening debt crisis could trigger another credit crunch.

British Prime Minister David Cameron warned on Wednesday that Europe's deepening debt crisis poses a threat to the world economy as serious as the 2008 credit crunch.
Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.