Zitat des Tages von Charles Dallara:
If the official community is interested in asking the private sector to take another look at Greece, then it will have to be only as part of a broader process of addressing the full range of sovereign debt issues in Europe.
When you inject capital into the parent, it may or may not benefit the subsidiary.
The Fed cannot levitate markets forever. And when they finally do move, I think we have to be prepared for a considerable amount of turbulence.
It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.
We have not argued in either Brazil or Argentina that the IMF should step in to protect the banks.
In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.
Unfortunately, I think we could see that fairly early in 2015: The cloud of economic weakness in Russia is spreading over Europe. It has the potential of spreading into contagion into other emerging markets, particularly those with large energy companies, such as Petrobras in Brazil.
2005 is highly likely to be a more challenging environment, both for policymakers and investors.
How can the United States preserve its financial and security leadership role when it conducts itself with such ineptitude and such disregard for the consequences for the world?
A core group of the world's leading economies need to come together and hammer out an understanding.
The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out across the board.
Greece's debt is going to be a function of a lot of factors down the road.
I had the privilege of living in Greece in the early 1970s.
