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Europe Needs a Rate Cut. Now.
The main problem of the troubled euro-zone countries is economic growth. The lack of it. A rate cut now is the initial and immediate step that should be taken on the way to solve the crisis. There are at least 5 advantages for such a move. The ECB may buy bonds. So can China. Such actions, or rumors about them, just supply reasons for temporary relief (or profit taking for euro/dollar shorts), before the next round. The problem isn’t the panic that comes and goes. The underlying situation needs fixing. Problems and Bad Solutions Greece, Portugal and Italy have huge government debt. Spain has growing regional ... (full story)
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- Jul 12, 2011 4:15pm Jul 12, 2011 4:15pm
- mima
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- Edited 9:08am Jul 13, 2011 8:59am | Edited 9:08am
- lumesh
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