http://blogs.reuters.com/great-debate/2009/01/16/betting-on-the-unthinkable-in-the-euro-zone/
Ακομα ενα blog που αναφερεται στο ενδεχομενο εξοστρακισμο της Ελλαδας απο το Eurozone, αυτην τη φορα στο Reuters.com απο τον James Saft.
To be clear, the chances of a country leaving the euro zone currency project are still extremely small, though it now rates as a possibility for discussion in polite company.
For one thing there is no escape hatch, no plan as to how a national currency might be reborn. For another, there is the matter that while a bit of a weak currency and an accommodative interest rate might seem attractive at first blush, the reality would include much higher interest rates and the real risk of a Latin-American style inflation and currency crisis.
“Put very simply if either Greece or Italy, for example, left, the sort of spreads they are trading on at the moment would have to treble,” said Marc Ostwald, strategist at brokerage Monument Securities in London.
“There would be colossal inflation in both countries as a result.”
Posted in International Press.
Tagged with blogs, Euro, Reuters.
Ο Prof. Willem Buiter γραφει μεταξυ αλλων στο blog του στην FT.com για ενα σεναριο απομακρυνσης της Ελλαδας απο το ευρω:
Would a eurozone national government faced either with the looming threat of default or with the reality of a default be incentivised to leave the eurozone? Consider the example of a hypothetical country called Hellas. It could not redenominate its existing stock of euro-denominated obligations in its new currency, let’s call it the New Drachma…
Και ο καθηγητης συνεχιζει:
Greece and Ireland were put on credit watch (on a negative outlook) last week by the Standard & Poor’s, and this week Portugal and Spain followed. The actual downgrade today of the Greek sovereign debt rating by Standard & Poor’s from A to A minus, only five days after the country was put on credit watch by the same rating agency, will no doubt increase both the level of the Greek sovereign default risk premium and the spread over Bunds of the Greek sovereign 10-year bond yield.
Με άλλα λόγια, μετά τις ταραχες του Δεκεμβριου, η ασχημη οικονομικη κατασταση της χωρας επιδεινωθηκε. Το downgrade του credit rating της Ελλαδας θα κοστισει στους Ελληνες φορολογουμενους πολυ περισσοτερο απο τις αποζημειωσεις για τις ζημιες που εγιναν μετα τις διαδηλωσεις/επεισοδια. Η κατασταση εχει φτασει σε τετοιο σημειο, που αξιολογοι διεθνεις παρατηρητες εχουν αρχησει να μιλουν για σεναρια απομακρυνσης της Ελλαδας απο την Eurozone…
Posted in UK Press.
Tagged with blogs, Euro, FT.
Recent Comments