ECBs Stark: ‘Illusion’ one can solve Greece budget crisis by restructuring

A

ASusilovic

Euro is not in crisis
Euro countries in debt crisis
Euro remains anchor of stability,trust
Europe in worst crisis since World War II
Many of Europe problems ‘home made’
EU-17 growth divergences pose challenge for ECB
1Q growth was ’stronger than expected’
Stark says situation in peripheral countries ‘critical’
Greece, Ireland, Portugal, Must follow EU, IMF programs
Greece ‘is solvent’
Greek debt restructuring won’t solve problems
Restructuring weakens government resolve to stick to aid plan
Restructuring would cut off a government from markets
Restructuring would be catastrophic for EU, IMF programs
Restructuring would push banking system to brink
‘Illusion’ one can solve budget crisis by restructuring
EU proposal not the quantum leap needed
ECB wants automatic sanctions for budget offenders
There hasn’t been a transfer yet in Euro area
ECB will continue to deliver price stability
April rate increase was to anchor inflation expectations
Interest rate level very low
ECB didn’t signal rate increase rhythm
ECB signaled gradual increase in interest rates
ECB sees significant risks from debt restructuring

http://forex.fxdd.com/110702/economic-statistics/ecbs-stark-on-the-wires-9
 
You must log in or register to reply here.
Back
Top