"A stronger U.S. economy and a weaker euro could be a net plus for the eurozone as a whole," Prasad said.
Ultimately it is growth that will help Europe reduce its debt. European leaders are also working to strengthen oversight of their banking system, while national governments have been making halting progress toward making their economies more business-friendly so they can grow faster.
Carsten Brzeski, senior economist at ING, pointed out that Europe's weak economy means that the European Central Bank will be keeping its rates down or even cutting them from the current record low of 0.5 percent to support the weak eurozone economy. That will tend to keep rates lower in Europe. He said bond yields "should not be affected by tapering. I personally expect that markets will calm down again."
"The biggest worries for peripheral bond yields is clearly homemade stuff and not Bernanke tapering."
AP Business Writer Paul Wiseman in Washington, DC contributed to this report.
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