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Rescue Fatigue; Greece's Bail-out
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8773 (Feb. 2012)
,
page 69-70.
Topik:
Bailouts
;
Bond Markets
;
Financial Crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.70
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Even Jean-Claude Juncker, Luxembourg's prime minister and a veteran of late-night summitry, was rubbing his eyes. As the Eurogroup of finance ministers slipped off to bed in the early hours of February 21st, having agreed on a second bail-out package for Greece, the response of Europe's bond markets was pretty sleepy, too. Investors had expected a deal; that the European Central Bank (ECB) stands ready to lend hundreds of billions of euros to banks at a second auction of three-year money, on February 29th, had also dulled the market's senses. Private money is desperately needed--for investment, to fund privatisation and to restore liquidity to the Greek economy. If its rescuers show so little faith in Greece, why should private capital take a different view?
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