News » December, 2011 » 6 December 2011
Popa: The worsening of the sovereign debt crisis will affect the risk premium and the exchange rate
06.12.2011, 00:00 | Finance-Banks | 821 views
The worsening of the sovereign debt crisis in the Eurozone could result in increasing investors' aversion to all markets, including emerging ones, Cristian Popa, the deputy governor of the National Bank of Romania, at a seminar concerning inflation. He explained that the effect would carry over to the risk premiums (CDS-Credit Default Swaps) which may rise and also, there will be pressure on the exchange rate. The deputy governor also said that the possibility of Western Europe experiencing economic growth is extremely low: "I don't know if there will be a recession or not over the short term. We may have significantly lower growth figures in the first part of 2012 than the ones that were initially estimated a few months ago for the region". Read more on Bursa.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
