Greece is again the word in financial markets.
For now, though, the crisis vocabulary doesn’t include Ireland, Portugal, Spain or Italy.
Greece
Crisis 2.0, coming five years after it sent the first shockwaves
through Europe, may prove less infectious this time thanks to nations’
improved finances and the backstops provided by euro area politicians
and central bankers.
“On the potential of contagion of other countries in the euro
area, we believe the situation is very different from the one we had,”
Credit Suisse Group AG economist Giovanni Zanni wrote in a report
yesterday. “The imbalances in peripheral countries are a lot less
extreme.”
No comments:
Post a Comment