Vladimír Urbánek (Kurzy.cz)
Markets  |  March 04, 2013 10:57:41

Another summit EUROFIN - situation in Italy, the pressure to reduce costs, save Cyprus

Eurozone finance ministers today will begin another round of negotiations on the development of the European debt crisis. On the agenda should also be taken to rescue Cyprus and the overall development of the crisis in connection with the results of the Italian elections.

According to the German Chancellor Merkel seems to be starting to discuss more about whether efforts are important for the continuation of austerity measures and the efforts to restore economic growth. In her opinion, this is completely misguided.
Financial Commissioner Olli Rehn said at this address, it is not clearly no room for a waiver of compliance with budgetary discipline ideas. To restore growth is certainly not possible to resume piling new debt on the old ones.

Situation after the re-election stalemate Italian irritates fears of further development of the European debt crisis or of its possible deepening.Italy is in fact the third largest economy in the euro area and its voters sent a very clear message of opposition to austerity measures promoted mainly by Germany.

Yields of 10-year Italian government bonds rose significantly last week, but on the other hand the development of bonds of Spain, Greece and Portugal was the opposite, when the predominant belief that through the ECB LTRO (three-year cheap loans) situation quite firmly under control.
The market has also prevalent belief that EU leaders Italy can not be any other chance than to follow the general EU objectives. Any departure from Italy and the euro zone is only theory that has absolutely no support Union.
Comments but recognize that any attempts to challenge the action raised Monti government can cast a negative light on the possible development of a European crisis.
Was this article: 10 | 8 | 6 | 4 | 2 | 0

Last news from the section Markets:

Čt 13:46  EIA – očekávaná týdenní změna zásob plynu (22.3.2018) Grant Capital (Grant Capital)
Čt 13:03  Praha se krátce po poledni pohybuje lehce nad nulou Patria (Patria Finance)
Čt 12:59  Pegas Nonwovens (Prodat, 12m cíl v revizi) - Lepší než očekávané výsledky, ale... Investiční bankovnictví (Komerční banka)

Další summit Eurofinu - situace v Itálii, tlak na úspory, záchrana Kypru

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688