- ECB, Bini Smaghi: Restructuring could create short-term speculation
Market news
6 June 2011
ECB, Bini Smaghi: Restructuring could create short-term speculation
- speculative moves could hit Portugal, Ireland;
- question is if Greece willing to implement plan;
- Greece is solvent if willing to sell its assets;
- cost of reform lower than cost of restructuring;
- in default, banks would need new public money;
- default would severely affect domestic fin.mkts;
- must strengthen monitoring of adjustment programs.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page