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Wednesday, May 18, 2011

Denmark's Central Bank Governor denies European bond is a comprehensive crisis support euro is the best choice

Hong Beijing, May 18 (reporter He Jingyu) according to the voice of economic reports, Greece debt problem again stalemate led to market fears, there are even rumors that Greece may leave the eurozone. Denmark's Central Bank Pier·kaersen in Beijing to support the euro this afternoon, President, claimed that joining the eurozone is the best option for small States.

exactly one year after the EU launches euro 750 billion rescue mechanism, Member States of the eurozone again discuss how to avoid high debt default. This means that at that time relied on aid to Greece now back. The structural problems of the eurozone as if tumor spread to the surrounding, Europe debt crisis means that the eurozone crisis? Executive Chairman of the United Nations Economic Commission for Europe, Yang·kubishi 18th afternoon attend Beijing Tech Expo 2010 Finance Forum has expressed his concern on this issue.

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Kubis: in was inspired of message zhiwai , Higher unemployment and debt crisis hampering economic recovery in Europe and North America. Slow post-crisis recovery, rising unemployment, a large number of mobility, of rising commodity and food prices, inflation and trade protectionism are threatening the health of the world economy.

subsequent statements of Denmark's Central Bank Governor Peel? Carlson immediately denied that this worry was his Denmark control bad debt experience shows, is the debtor of the debt crisis of their own problems.

Carlson: I never think that this is the euro crisis, this is only a few countries the debt crisis. Of course the crisis is serious, you need to use more monetary tools to solve. Inflation under control, if not decisive, please see the euro to several currencies stronger than the other. Don't forget economies of quite a number of European countries has been very good.

, however, cannot be denied that Greece on its own cannot solve the crisis, and lack of monetary instruments could be one of the reasons. There are rumors that Greece may leave the eurozone, Carlson did not think it is a wise choice.

Carlson: we believe that our small open markets of the euro is the best choice. If we were in the original currency under a floating exchange rate, when the big flood of liquidity to we will fall into instability. In order to control inflation. We may be forced to use more currency tools.

Colson said may be right, but Greece's debt crisis could address the need of the leaders of the European Central Bank and the European Union decision. Eurozone finance ministers refuse to Greece to provide new loans, but said it is willing to give Greece the Government more time to repay loans of 110 billion euro, prerequisite is to immediately start the privatization process, funding to raise 50 billion euros.

now, Greece seems to have seen a glimmer of hope.