Friday, December 9, 2011

Us economists think European Union Summit meeting cannot resolve European debt problems

Hua,, December 8 (reporter Qiao Jihong)-digit United States Economist, 8th at the Institute of Foreign Affairs to participate in world economic seminar agreed that this week's Summit of EU leaders might not be able to reach effective programmes to stimulate economic growth, structural reform made it impossible to fundamentally resolve the debt problems in Europe.  Nomura company United States chief economists liuyisi·yalishanda said, he on EU 27 country leaders Summit of results holding "depth suspected" attitude, think Summit discussion of policy cannot effective resolved EU currently faced of various problem. He said, current EU discussion of policy main concentrated in financial crunch area, only involved economic governance level, cannot effective stimulus economic growth, and protection financial system and improve bank financing, also cannot save Greece. Meixiluofu daianna·siwangke, financial advisers, Chief Economist said that alone financial austerity plan alone will not solve debt problems in the eurozone, the EU must
Major steps to implement economic structural reforms. in her view, through reforming the economic structure, promoting economic growth, ensure competitiveness for the EU to solve the debt problem is critical. "  If you do not create enough economic growth through the reform of economic institutions, they will get into a vicious cycle, banks ' balance sheets will continue to shrink. "  Economists agreed that is able to advance the implementation of structural reforms of the eurozone of the European Union depends to a large extent the EU powers Germany and France.  Currently, Germany and France has began show resolved problem of "sincerity", recently announced on modify EU Treaty reached consistent. While, European Central Bank also began take more radical of measures, not only announced will led interest rate adjusting drop 25 a basis points to 1% to stimulus economic growth, also first intervention euro bank of medium-term financing market, to Bank provides 3 years period loan, is intended to mitigation euro credit crunch of situation. But Alexander on Franco-German agreement did not think highly of rounding,

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