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: 国产精品国产一区二区三区四区 | 精品欧美乱码久久久久久 | 天堂网中文字幕 | 免费爱爱视频网站 | 97午夜影院 | 黄色片网站在线播放 | 国产精品女人久久久 | 夜夜春很很躁夜夜躁 | 黄色av免费 | 日韩精品综合 | 免费在线毛片 | 欧美一本在线 | 超碰成人网 | 国产成人精品一区二区三区四区 | 国产情侣在线播放 | 男人的天堂a在线 | 日本一区二区视频在线 | 亚洲一区在线免费 | 国产一区在线免费观看 | 亚洲免费视频网 | 性国产视频| 午夜三级在线观看 | 国内精品免费视频 | h视频在线看 | 日韩中文字幕国产 | 国产第一页在线播放 | 欧美日韩成人精品 | 色综合视频网 | 五月婷婷丁香 | 亚洲成人久久久 | 视频在线观看91 | 欧美色图在线播放 | 毛片视频免费观看 | 91精品国产自产91精品 | 台湾佬中文字幕 | 亚洲第六页 | 日本不卡视频一区二区 | 久操国产视频 | 久久福利影视 | 日韩中文字幕免费在线观看 | 中文字幕网站在线观看 |