Arab Today, arab today eu bailout cash bond buyback would calm not heal
Last Updated : GMT 12:21:06
Arab Today, arab today
Arab Today, arab today

EU: bailout cash bond buy-back would calm, not heal

Arab Today, arab today

Arab Today, arab today EU: bailout cash bond buy-back would calm, not heal

Brussels - AFP

The European Commission on Wednesday dubbed an idea to use eurozone rescue funding to lower high borrowing costs for Spain and Italy via a bond buyback, as \"financial paracetamol.\" Amadeu Altafaj, spokesman for the EU\'s eurozone commissioner Olli Rehn, said using the European Financial Stability Facility -- or its successor, the incoming European Stability Mechanism -- to tame runaway bond yields and spreads \"could be useful to calm markets.\" The idea, according to some reports from G20 talks in Mexico, is to use hundreds of billions of euros available in the EU financial firewall to buy debt directly from governments struggling to obtain competitive rates on money markets. This would force down the risk premium. However, Altafaj told a regular Commission news conference that this would likely only work \"for a certain time\" and would not resolve root tensions. \"It would be financial paracetamol,\" he said. \"It could soothe tension, pain and malaise... but it does not heal the root causes, the structural problems of the economies of Italy, Spain and others. \"It is not a substitute for structural and economic reforms that can boost confidence.\" Italian Premier Mario Monti said at the close of the G20 summit in Mexico that European Union leaders were considering the use of rescue funds as a mechanism to bring down borrowing costs. \"Italy has floated an idea which deserves consideration, we\'ll speak about it at Rome,\" French President Francois Hollande said, according to the Corriere della Sera newspaper. Talks between the \"Big Four\" of Germany, France, Italy and Spain in Rome on Friday are designed to prepare a full summit of EU leaders in Brussels at the end of next week.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu bailout cash bond buyback would calm not heal Arab Today, arab today eu bailout cash bond buyback would calm not heal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu bailout cash bond buyback would calm not heal Arab Today, arab today eu bailout cash bond buyback would calm not heal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday