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18 October 2011

FN: Citi's Buiter compares EFSF to a peashooter


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シティグループのチーフエコノミストであるウィレム・ブイター教授は本日、ユーロ圏の債務危機を検証するための英国議会の欧州連合経済金融問題小委員会における証言で、いくつかの興味深い指摘を行った。


Buiter was asked for his views on the stability of the euro as a viable currency; the likelihood of a Greek default; and whether European banks need recapitalisation in order to deal with the crisis. Among Buiter's views was that Germany was the only G7 country to have an “honest triple-A rating”. His words came as Moody's Investors Service said on Tuesday that the stable outlook on France’s prized triple-A credit rating was under pressure.

Buiter said the EFSF at the moment was akin to a "peashooter" and would need to be beefed up. On the potential exit of Greece from the eurozone, and possibly the European Union as a whole, Buiter told the Lords that “exit contagion” could ensue, bringing about a financial crisis. He said: “I very much hope that Greece will be restructured inside the euro area. Leaving the euro area would be a catastrophe for Greece and very dangerous for the remaining euro area members.”

Full article (FN subscription required)



© Financial News


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