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according to calculation
on the other European countries, the most terrible is would cause panic, a Greek default would make Spain, Portugal, Italy people be confound at, there was a run on the bank, the financial system suffered from systemic blow, national debt servicing costs rise. The global economy will suffer a heavy blow, even in recession.
Andrew,cheap toms shoes? Katz: if Greece out of the euro zone, will undoubtedly a heavy blow to the global economy,abercrombie. Greece will be demoted, sovereign defaults and corporate defaults, the collapse of the banking system, trade has been hit hard, social unrest, political instability, and even the emergence of inflation.
Greek fresh elections on June 17th. Greece is expected to try to stay in the euro area, hope to form a government willing to accept assistance agreement. The Greek parliament election is a "bank", the "threshold", the first half of the days of Greece and Europe this year will be much better, investors will increase on the stability of the euro's confidence,abercrombie france. Now whether Greece successfully crossed the "threshold" is very difficult.
China Securities News: in addition to Greece,louboutin, the euro area and which countries have the potential risk?
China Securities News: what is the future direction of eurozone reform?
Greek or try to stay in the euro area
Andrew? Katz: in the foreseeable future,toms shoes, Ou >
: Andrew? Katz has potential risk and GDP accounted for the larger, higher debt of Spain in the euro area, the Spanish property market may further drag on the banking industry, the property market is necessary for the government to bail out the field. Portugal and Ireland's situation is not optimistic. The situation in Italy is getting better, the labor market in the warmer, fiscal tightening is expected to reach.
interviews
China Securities News: if there is a small probability event, a Greek exit from the euro zone,ray ban pas cher, what would be the impact on the economy,michael kors watches?
Andrew? Katz: we judge that Greece will stay in the euro area. First of all,hogan, the people of Greece itself want to remain in the eurozone, the European politicians also want Greece to leave. Greece in the euro zone is related to historical, social, cultural factors,cheap oakley sunglasses.
according to calculation,karen millen outlet, the price of a "grexit" up to about 225000000000 euros, equivalent to 1.8% of euro-zone GDP cost 60000000000 euros,ray ban, is nearly 4 times the default of Greece in the euro zone causes. Also if the European Banking losses are taken into account, a Greek exit from the price will be higher, downside risks facing the eurozone economy more.
UBS senior international economist? Katz (Andrew Cates) said recently by the China Securities newspaper reporter the interview,michael kors uk, the European situation is difficult to predict, in view of the fact that a Greek exit from the euro zone's cost is huge, the basic judgment UBS that Greece will still choose to stay in the euro area.
China Securities News: now the market is very concerned about the situation in Greece and the European debt crisis situation, do you think that Greece will exit the euro area?
reporter Huang Jihui
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