Fitch Ratings said on Monday that a comprehensive solution to the sovereign debt crisis in the euro zone "is not on offer" and that European Union officials are responding through incremental measures.
Last week's EU summit took a "gradualist" approach that "means the crisis will continue at varying levels of intensity throughout 2012 and probably beyond, until the region is able to sustain a broad economic recovery."
The ratings company predicts a "significant" economic downturn across the region.
"Our forecast of 0.4% euro-zone GDP growth next year and 1.2% in 2013 would be significantly higher if there was a comprehensive solution to the crisis," Fitch said.
The ratings firm said it still believes that the European Central Bank "is the only truly credible 'firewall' against liquidity and even solvency crises in Europe."
1 comentario:
Informe muy malo para el euro y la eurozoba, leed. Una cosa es cierta, pero ya es muy tarde para nosotros, que lo hubieran dicho hace años : Sólo el BCE puede arreglar la situación
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