Abstract
Tensions surrounding the eurozone have eased markedly in the early part of 2012 following the atmosphere of crisis that persisted through the second half of 2011. There is instead a new confidence that financial and economic disaster can be averted. Several developments have contributed to this optimism, including a change of government in Italy, a large injection of liquidity into the banking system by the European Central Bank (ECB), and a ‘fiscal compact’ among governments. The euro itself has strengthened on currency markets, and the perception of reduced risk can be seen in lower market yields on Italian and Spanish government bonds.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.