Greece: rumors rescue satisfy Scholarships
Uncategorized, business, economic, economics, online February 11th, 2010A hasty return to Australia of Jean-Claude Trichet, President of the European Central Bank in Europe, leaks to the press revealing a plan to aid in Athens … The financial markets were very well received this information. The risk premium on debt Greek, very high, has dropped. The price of insurance on the risk of default by the Greek state (CDS) has dropped 80 points to 340 points, according to Markit. Other countries covered by the contracts, Portugal, Spain and Ireland have followed the same trend.
With the prospect of EU aid plan for Greece, investors seem to have got what they asked for a few weeks. As Financial Times columnist Wolfgang M?nchau summed up the mood of investors in early February, calling for "an exit strategy of crisis.""The Summit of Heads of State (which takes place on Thursday, editor's note) must tell the world that the EU resolves its own problems teletrak no payday loan ".
Note however the risk of inaction. Given these expectations, "the disappointment is guaranteed Friday morning at the issue of top European strategist anticipates that London is not growing at the sudden appearance of an" economic government "of Europe.
There is still a good reason to see lower the risk premium on debt Greek says the analyst. Athens has in fact presented Tuesday a new set of measures to reduce deficits. Namely: the introduction of new taxes on income, more details on the freeze and declining civil service salaries and the pension reform, a tax on property owners."Even the Orthodox Church will be subject to this tax," says the strategist. This shows the willingness of the Greek state.
Recent Comments