since Greece financial problems since he was once again become the focus in the market, about Greece debt restructuring may be forced to say began to emerge around on the market. Although the top echelon of the eurozone, frequently issued short statements saying it is nonsense, but there are signs Greece financial situation is all the more unsatisfactory, the major rating agencies taking the lead cannot hold back on Greece out of demoted a sword. Analysts believe that, under such circumstances, the EUR/USD shoulders heavy pressure, despite a wave of declines after the continuous decline slows, but I'm afraid to make a difference in the short term.
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European Central Bank points "inflation fighter" Euro turned over ACE now dollars into rebound cycle high risk assets bull market will end euro appears every high short opportunity market emotional vulnerable non-us unspeakable rebound IMF on Greece avoid debt recombinant has confidence euro bad constantly risk aversion demand push high dollars [registration] listen to Wen Guoqing taught you copy end opportunity Thursday (May 12) New York period , The EUR/USD is 1.4220-1.4270 interval wide shock, late in Europe fell to the lowest level of 1.4124 1.5-month low points, but then the overall poor performance of United States economic data exchange rate decrease was cut.
Greece debt restructuring what consequences?
Ryan, EU economic and Monetary Affairs Commissioner (Olli Rehn) said on Wednesday that Greece debt restructuring, it will cause devastating blow to the country and indeed the entire eurozone.
Ryan said that if Greece forced to adequate debt, then the country's banking system would have "a large part of" facing bankruptcy. There is no doubt that, when economic and employment situation in the country will be seriously burdened, and over a long period of time to Greece from the international lending market. At that time not only Greece, eurozone as a whole are likely to face a wave of disaster.
former European Central Bank (ECB), Vice Governor of Greece Prime Minister Papandreou (GeorgePapandreou) of the economic and financial policy adviser Papademos (LucasPapademos) said on Thursday that if the debt restructuring took place, whether Greece or the eurozone economy will suffer serious adverse effects. Destructive power of debt restructuring may be beyond anyone's imagination.
Greece debt restructuring possibilities of geometry?
Papademos believes that as long as Greece to ongoing reform programme to the full on horsepower, the debt restructuring will be unnecessary. He also called on not only by virtue of the current situation of market participants concluded prematurely.
the Council of Europe (EuropeanCouncil) President van rompuy (Herman vanRompuy) says Greece debt restructuring is not inevitable, Greece current developments of the does not wait to be killed, they actively promoted various major reforms, including privatization plans of the total value of EUR 50 billion. If Greece Government sufficient time to deal with the problem, then Greece debt is sustainable.
however, market analysts for Greece debt issues are not so optimistic.
the Pacific (601,099, unit) asset management company (PIMCO) President Mohamed El-Erian said recently, Greece is difficult to stabilize its financial situation, it should be the restructuring of sovereign debt. To date, all used to resolve Greece debt crisis means have not worked, markets expect Greece to this loss.
Deutsche Bank (DeutscheBank) Group of 10 global head of FX Strategy Alan Ruskin said Greece is more likely to get funds for emergency assistance, but in 2012 will inevitable for debt restructuring, only varying degrees of loss of the victims.
TempusConsulting GregSalvaggio Inc analysts pointed out that Greece some 70% may have to restructure debt.
debt problems still outstanding euro recent dinosaur find it hard to makeanalysts, only Greece debt restructuring risks a has made the euro were tired out. In addition to other neighboring countries in the eurozone, such as Portugal and Ireland's financial situation also is not optimistic. The present situation is, most investors have been looking on any focus on the factors against the euro.
TempusConsulting Inc Salvaggio pointed out that the market is very concerned about Greece debt problem progress, investors can take advantage of exchange rate opportunity to rebound to sell euros. As soon as Greece debt to be restructured, opens Pandora's box, worry about the future trend of the euro.
Canada Imperial Bank of commerce world markets (CIBC WorldMarkets) head of currency analysis JeremyStretCh said, "Greece debt problem as is the slow movement of a car accident. Policy makers know they must find an effective solution, but to face the Greece debt crisis. "
03:13 ', EUR/USD 1.4231/34.
