日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

World Business

Eurozone breakup 'out of the question'

By James Neuger (China Daily)
Updated: 2010-05-28 11:43
Large Medium Small

BRUSSELS - Former Bundesbank President Helmut Schlesinger said the euro's slide hasn't left it at an unnaturally low level and the breakup of Europe's 16-nation currency union is out of the question.

"The euro isn't in danger," said Schlesinger, who ran the German central bank from 1991 to 1993. While the pace of the currency's decline "did give cause for concern," its level "is by no means catastrophically low," he said.

Europe's single currency has plunged about 20 percent against the dollar in six months as Greece's budget blowout undermines confidence in other indebted nations such as Portugal and Spain, fueling speculation the monetary union could splinter.

The sell-off prompted governments to announce an unprecedented bailout fund and the European Central Bank to start buying sovereign debt. The euro still buys $1.22, compared with $1.17 on its debut on Jan 1, 1999.

Related readings:
Eurozone breakup 'out of the question' Eurozone inflation rises slightly to 1.5% in April
Eurozone breakup 'out of the question' Eurozone unemployment rate remains high in March
Eurozone breakup 'out of the question' Eurozone finance ministers to meet on Greek rescue
Eurozone breakup 'out of the question' Gold climbs as eurozone debt crisis intensifies

Its recent decline - about 8 percent since the start of May - "reflected the extent of the uncertainty on the markets," Schlesinger said. "That was extreme. That has to be contained and is perhaps contained, more or less."

Schlesinger, 85, steered the Bundesbank through the economic shock that followed German reunification in 1990, boosting the bank's benchmark discount rate to a postwar record of 8.75 percent in July 1992 after a consumer-led boom drove inflation as high as 6.3 percent.

The Bundesbank's tight monetary policies exported recession across Europe as interest rates went up in countries that pegged their currencies to the deutsche mark.

Culminating in the breakdown of Europe's system of managed exchange rates in 1993, the post-Cold War economic tumult redoubled European efforts to forge a common currency. The euro isn't going to disappear, Schlesinger said.

"Bringing about the end of the euro is something that one cannot plausibly conceive of at the moment," he said. "It would involve so many complications, with so much potential for setbacks - including economically - that one cannot, and in my view must not, contemplate it."

Bloomberg News

 

主站蜘蛛池模板: 色国产精品 | 久久精品一区 | 久久久免费高清视频 | 视频一区二区三区在线观看 | 精品一区中文字幕 | 天天摸日日摸 | 人人爽人人爽人人片av | 精品国产乱码久久久久 | 久久女人天堂 | 欧美国产精品一区二区三区 | 香蕉国产在线 | 激情在线网站 | 精品在线免费观看 | 一区二区三区一级片 | 久艹视频在线 | 国产免费观看av | 天天干天天操天天射 | 青青在线免费视频 | 污视频在线观看网站 | 六月色 | 翔田千里在线视频 | 日韩一区二区三区四区视频 | 久操伊人 | 黄色大片视频网站 | 少妇av片| 天堂中文字幕在线 | 亚洲国产视频网站 | 久久一区二 | 91免费网站在线观看 | 免费成人高清在线视频 | www.992tv| 黄色香蕉网| 亚洲免费av网站 | 久久一级大片 | 亚洲的天堂| 日韩av男人天堂 | 可以免费看的av | 久久99深爱久久99精品 | 伊人影院综合 | 国产传媒在线 | 久久午夜国产精品 |