Li Guanyun
5 12th International Monetary Fund (IMF) publications of the European Economic Outlook report, pointed out that the sovereign debt crisis from Greece, and Ireland and Portugal outward diffusion of risks "remain".
according to this report in 2011, Greece, and Portugal and Spain total due and need to repay the debt, equivalent to the one-tenth of the total GDP of the three kingdoms. And Belgium, and Ireland and the United Kingdom requires large amounts of debt financing made by the new, the "old for new" reimbursement due bonds.
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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 IMF on Greece , And Ireland and Portugal fiscal deficit reduction plan to retain the confidence of the three kingdoms, projections from 2011 to 2012, Greece budget deficit share of GDP dropped from 7.4% to 6.2%, Ireland dropped from 10.8% to 8.9%, Portugal fell from 5.5% to 5.6%.
in this report, the IMF also predicted economic growth rate in Europe in 2011 and 2012 respectively, and 2.4%, while the eurozone economic growth rates over the same period and 1.6%. In these two years, European economic growth in developed countries rose from 1.7% will be, and the emerging economies will keep 4.3% for 2 consecutive years of economic growth.
the same day at a press conference held in Frankfurt, IMF Europe head Antonio Borges respectively on developed and emerging economies in Europe has made policy recommendations.
Borges pointed out that, in the developed countries in Europe, policy makers need to take measures to restore confidence, to carry out structural reform, fiscal consolidation and strengthening the financial system. IMF reports that, Europe must deepen financial and economic integration, and to build stronger institutions in the financial sector to solve the crisis and restore the confidence of the banking system in developed countries of Europe is a prerequisite for through the crisis.
Borges advice for emerging economies in Europe are, continue to cut fiscal spending, reducing the vulnerability of financial systems and reliance on export-oriented economy.
IMF has also been issued to European inflation warning, pointed out that the rise in commodity prices and economic recovery accelerated under the impetus of 2011 European inflation will rise to 3.8%, and in 2012, down to 3%.
in monetary policy, the IMF suggested the European Central Bank "not to raise interest rates too quickly".
