Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

ashwin

  • 4 years ago

write something about the euro zone crisis????

  • This Question is Closed
  1. BBB
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    the ECB puts some 000s in the account of the IMF the IMF sets strict conditions to Italy and Spain in exchange for the 'bail-out' no matter how many 000s we put here, this doesn't create inflation (which is the main concern of germany) bk, again, the conditions are 'strict' (like Ireland is doing) this raises the EFFECTIVE interest rates for these countries / a bit of cash cruch, societies deleverage, confronted with these high interest rates, save more, and spend less. and banks will be just fine bk the sovereign bonds they hold will not default what do you think of that?

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy