Time is running out
14 Setembro, 2011 at 9:29 am Deixe um comentário
[…] There is a sense in Brussels that the defenders of the euro zone have run out of ammunition and out of ideas.
One reason is that the politicians cannot keep up with the markets. The euro zone has yet to implement the decisions of July’s summit, but the next shock wave has already struck. Another is that the performance of Greece under the EU-IMF programme has been so poor that every quarterly assessment to approve the next tranche of loans becomes a cliff-hanger.
So each episode of market panic is worse than the previous one, the weapons in hand look inadequate, contagion spreads, while governments and institutions lose their nerve.
Entry filed under: Economia e Gestão, Internacional, Sociedade.
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