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The Road to Rome; The Euro Zone on the Edge
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8742 (Jul. 2011)
,
page 67-68.
Topik:
Euro Zone Crisis
;
Economic Conditions
;
Debt Crisis
;
Financial Crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Ever since Europe's sovereign-debt saga began, euro-area policymakers have feared that the turmoil afflicting first Greece, and then Ireland and Portugal, would engulf larger economies. Most attention had focused on Spain, a country that remains in peril. This week, however, contagion spread to another and even more alarming place: Italy. Starting on July 8th bond markets staged an unexpected buyers' strike, driving yields on Italian debt to their highest levels in a decade. These violent moves were mirrored by sharp falls in the shares of Italian banks. Markets calmed in mid-week amid talk that the European Central Bank had started buying peripheral debt. But the psychological damage has been done. The possibility that Italy, the euro area's third-largest economy and the world's third-biggest issuer of government bonds, might be sucked into the debt crisis cannot now be denied.
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