According to Alalam.ir Website : To that seen economist leading the euro zone must achieve a breakthrough in three major pathways to overcome the crisis of sovereign debt, noting that the high interest rates and the risk of bankruptcy, which threatens to heavily indebted countries on a large scale in the euro area has become a "major problem" for the continent EuropeanSaid Robert Mundell, winner of the Nobel Prize in 1999, during his participation in the forum "Lindau IV," the Nobel Laureates in Economic Sciences, said the purchase of the European Central Bank bonds, "the concept and necessary," according to Chinese News Agency "Xinhua"The Mundell, said that although the European Central Bank's decision last purchase bonds in secondary markets and faced growing criticism from observers and politicians, but it is still necessary for the Bank to support the weak states in the euro area such as Italy and IrelandHe suggested the world known as Abu euro, "three tracks have to walk them to" overcome the crisis, the first: for the accountability of countries such as Greece, Italy, Portugal and Spain, they have to make adjustments and the discovery of possible growth policies in this crisis "The second of these countries should develop a mechanism for liquidity, where countries such as Italy, hoping to find credit to avoid defaultingAnd third: they have to work to improve the institutional and financial management quickly. "For the proposed issuance of common euro-zone, Mundell said he believed that this proposal is not the way to address the weaknesses that such bonds "will add more bad debt on the bonds of good, such as German bonds, which weakens the latter is" ...
Original Text At Alalam.ir
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