|
|
The EBF adds that an agreement was indeed necessary to improve the situation of the eurozone. It also welcomes the positive steps already taken in the countries that were facing the worst difficulties.
In terms of the private sector involvement, the decision to keep the Greek debt solution as “unique and exceptional” is also crucial to allow confidence in the markets.
Furthermore, European banks are positive about the decision made by the European Central Bank to foster liquidity. “These measures come as a support to banks”, declared Ravoet. “They will sustain the banks’ activities and help avoid a credit crunch.”
European banks draw attention to the fact that extra capitalisation will have consequences on the economy, at a time when a downturn is already expected.