| Week ahead Monday with Shawn Powell and Jason Galano 9:30am Posted: 13 May 2011 01:11 PM PDT 
Week ahead Monday with Shawn Powell and Jason Galano 9:30am - Register now |
| ECB’s Stark on the Wires Posted: 13 May 2011 09:52 AM PDT Says: - Euro is not in crisis
- Euro countries in debt crisis
- Euro remains anchor of stability,trust
- Europe in worst crisis since World War II
- Many of Europe problems ‘home made’
- EU-17 growth divergences pose challenge for ECB
- 1Q growth was ’stronger than expected’
- Stark says situation in peripheral countries ‘critical’
- Greece, Ireland, Portugal, Must follow EU, IMF programs
- Greece ‘is solvent’
- Greek debt restructuring won’t solve problems
- Restructuring weakens government resolve to stick to aid plan
- Restructuring would cut off a government from markets
- Restructuring would be catastrophic for EU, IMF programs
- Restructuring would push banking system to brink
- ‘Illusion’ one can solve budget crisis by restructuring
- EU proposal not the quantum leap needed
- ECB wants automatic sanctions for budget offenders
- There hasn’t been a transfer yet in Euro area
- ECB will continue to deliver price stability
- April rate increase was to anchor inflation expectations
- Interest rate level very low
- ECB didn’t signal rate increase rhythm
- ECB signaled gradual increase in interest rates
- ECB sees significant risks from debt restructuring
|
| Incoming ECB Boardmember Praet Comments Posted: 13 May 2011 09:51 AM PDT - Restructuring wouldnt resolve Greece problems
- Inflation not the solution to Europes debt problems
|
No comments:
Post a Comment