Standard & Poor's chief European economist, Jean Michel Six, said Monday that time is running out for the European Union to take action to resolve its debt crisis, according to Reuters.
Speaking at a business conference in Tel Aviv, Six said measures announced at last week's EU summit marked a big step towards resolving the issue, but he sees "another shock required before everyone in Europe reads from the same page."
An example of that would be a major German bank facing market difficulties, which would make everyone realize that even Germany isn't immune from contagion.
S&P last week put 15 euro-zone countries on watch for a potential downgrade.
Six said the credit firm wanted to send a strong signal that the region is at major risk of recession and a credit crunch next year.
1 comentario:
No dicen nada nuevo, los de este muro (ya solo amigos), ya saben que la Zona Euro está en recesión, y es lo que están descontando los mercados. Ahora bien, meten mucho miedo en las mentes de las personas.
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