Euro group president warning the collapse of the risk of the euro area
Euro Group Juncker, chairman of 29, warning that the euro area was threatened with disintegration. He said that the euro area through the European financial stability tools (EFSF) together with the European Central Bank action to calm financialmarket turmoil to defend the euro.
Juncker said to accept the German Sueddeutsche Zeitung interview, said that the euro area has reached a decisive stage. To save the euro, “no more time to waste. He said the euro-zone countries must now use all possible means clear that to the outside world: “We are determined to ensure the stability of the monetary union”.
Juncker confirmed, the tools of financial stability in Europe and the European Central Bank is ready to buy the national debt of heavily indebted poor countries, where necessary.
The same day, in the online edition published an interview with French daily “Le Figaro”, Juncker also said that eurozone countries will take urgent action to study the market trends in the next few days. “This statement means that the euro zone will be the first to use the European financial stability tools in the secondary market repurchase the face of the market impact of the euro area difficult national debt
Juncker praised the European Central Bank Governor Mario Draghi boost market propaganda. Mario Draghi said on the 26th, the European Central Bank is ready to “take all measures to protect the euro, to avoid the disintegration of the single European monetary union.
Market interpreted the ECB may be re-large purchases of heavily indebted country’s debt, lower yields in Spain, Italy and other countries.
For the speculation and comments of Greece to exit the euro area, Juncker said that by allowing Greece to exit the euro area will be able to solve the problem, it is no clear understanding of the root causes of the crisis. Exit Greece can not solve the problem, “On the contrary, the reputation of the euro-zone countries in the world will be severely damaged, may have an enormous indirect losses.”
For high yields, Spain and Italy 10, Juncker said the euro area quickly and effectively deal with the problems encountered by the Spanish banks, the euro zone will be separation of Spain facing the risk of sovereign debt and banking risks banking issues will be properly resolved, and the Spanish government will consolidate the public finances continue to take the structural reform measures.
The euro area the situation is tight, Spanish, Italian bond yields surged to historic highs, Greece withdrew from the euro zone increased risk of the euro against the U.S. dollar fell below 1 in 1.21.
Juncker said to accept the German Sueddeutsche Zeitung interview, said that the euro area has reached a decisive stage. To save the euro, “no more time to waste. He said the euro-zone countries must now use all possible means clear that to the outside world: “We are determined to ensure the stability of the monetary union”.
Juncker confirmed, the tools of financial stability in Europe and the European Central Bank is ready to buy the national debt of heavily indebted poor countries, where necessary.
The same day, in the online edition published an interview with French daily “Le Figaro”, Juncker also said that eurozone countries will take urgent action to study the market trends in the next few days. “This statement means that the euro zone will be the first to use the European financial stability tools in the secondary market repurchase the face of the market impact of the euro area difficult national debt
Juncker praised the European Central Bank Governor Mario Draghi boost market propaganda. Mario Draghi said on the 26th, the European Central Bank is ready to “take all measures to protect the euro, to avoid the disintegration of the single European monetary union.
Market interpreted the ECB may be re-large purchases of heavily indebted country’s debt, lower yields in Spain, Italy and other countries.
For the speculation and comments of Greece to exit the euro area, Juncker said that by allowing Greece to exit the euro area will be able to solve the problem, it is no clear understanding of the root causes of the crisis. Exit Greece can not solve the problem, “On the contrary, the reputation of the euro-zone countries in the world will be severely damaged, may have an enormous indirect losses.”
For high yields, Spain and Italy 10, Juncker said the euro area quickly and effectively deal with the problems encountered by the Spanish banks, the euro zone will be separation of Spain facing the risk of sovereign debt and banking risks banking issues will be properly resolved, and the Spanish government will consolidate the public finances continue to take the structural reform measures.
The euro area the situation is tight, Spanish, Italian bond yields surged to historic highs, Greece withdrew from the euro zone increased risk of the euro against the U.S. dollar fell below 1 in 1.21.
No comments:
Post a Comment