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WHY THE EUROPLAN WILL WORK, DESPITE UNINTENTIONAL EFFORTS TO MAKE IT FAILThe €720bn of government-backed loan guarantees by EU Governments and, even more importantly, an open-ended commitment to buy European sovereign bonds by the ECB will do the trick. It will provide the time needed for Greece, Spain, Portugal and others to put together sustainable fiscal programs and breathing room in terms of lower interest rates and financing of upcoming debt repayments. Don't bet on the euro unrav... |
Eurozone
WHY THE EUROPLAN WILL WORK, DESPITE UNINTENTIONAL EFFORTS TO MAKE IT FAIL
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