Austerity yes, and growth, too, but I would also like to see a clear, forceful message of support for the euro and for the sustainability of the debt of all the countries where that is currently in doubt. - Spanish Prime Minister Mariano Rajoy
"ECB President Mario Draghi today said: “Our strong preference is that Greece will continue to stay in the euro area.” But he said the bank remained focused on its anti-inflation mandate, and “preserving the integrity of our balance sheet.” In other words, we’re not going to break our backs to keep Greece in the euro."
http://blogs.wsj.com/marketbeat/2012/05/16/spains-friend-needs-a-hand/?mod=WSJBlog
Hopefully this can all happen and avoid an absolute catastrophe of Greece leaving the EURO.
No comments:
Post a Comment