To save the eurozone from collapse, should create a European Monetary Fund (EVF). This opinion was expressed by chief economist Thomas Mayer, Deutsche Bank, RBC reports daily.
The idea of
EVF appeared in T. Mayer for about a year ago. Under the concept of an economist, the duties EVF should also include coordination of fiscal policies of EU member states. One of the political problems EVF - to limit the influence of the IMF in the region.
Strategy of Europe from the crisis should be developed in Brussels, not in Washington, convinced Mayer. “The extent of our internal integration to Greece is so great that we do not want the Americans or the Chinese took part in the development of credit policies and measures for crisis management,” - said the chief economist at Deutsche Bank in an interview with Die Welt.
According to Mayer, the economic situation in Greece became the pan-European root of evil. “If you do not urgently address this problem, the EU is waiting for the collapse. Greek crisis will lead to a weakening of a unified Euro-currency and the emergence of hyperinflation, which, in fact, entail samoraspad euro area”, - convinced the chief economist at Deutsche Bank. Moreover, from his point of view, the first from a sinking ship will run the EU is not an economically weak countries like Portugal, Ireland and Italy, and locomotives of the economy of the region, for example, - Germany.
But the expert did not deny the importance of the IMF mission on a global level. “If the IMF did not exist, we would do it to establish in order to use it to effectively overcome the financial crisis. However, the problems that exist at the global level, there is also at the European level”, - convinced Mayer.
The European Commission on the initiative of the chief economist at Deutsche Bank yet to be known, says the speaker of the EC in Brussels, Amelia Torres. Also, the EC hopes that Greece alone to cope with its economic problems. “Greece must reduce its budget deficit to an acceptable level and at the same time to reform the state budget audit and reporting system to the European Commission”, - said Torres.
Motorola is trying to block the import of BlackBerry smartphones in the U.S.
Giants of Wall Street cut bonuses under pressure from the U.S. administration
UCBU concerned about the high fines to banks for errors in the records of currency transactions of clients
Goskomvetmeditsiny approved the procedure for issuing veterinary certificates for the export of poultry meat in the EU
Rada Cabinet of Ministers proposes legislation to regulate the procedure began bankruptcy proceedings against the debtor in a number of
Judge: When the expected return of investors to Ukraine
World steel production in 2009 declined by 8%, to 1.22 billion tons
Minister of Finance of Greece denies rumors of secession from the euro zone
Philips net profit for 2009 amounted to 424 million euros
Eurozone from collapse may save the European Monetary Fund
To save the eurozone from collapse, should create a European Monetary Fund (EVF). This opinion was expressed by chief economist Thomas Mayer, Deutsche Bank, RBC reports daily.
The idea of
EVF appeared in T. Mayer for about a year ago. Under the concept of an economist, the duties EVF should also include coordination of fiscal policies of EU member states. One of the political problems EVF - to limit the influence of the IMF in the region.
Strategy of Europe from the crisis should be developed in Brussels, not in Washington, convinced Mayer. “The extent of our internal integration to Greece is so great that we do not want the Americans or the Chinese took part in the development of credit policies and measures for crisis management,” - said the chief economist at Deutsche Bank in an interview with Die Welt.
According to Mayer, the economic situation in Greece became the pan-European root of evil. “If you do not urgently address this problem, the EU is waiting for the collapse. Greek crisis will lead to a weakening of a unified Euro-currency and the emergence of hyperinflation, which, in fact, entail samoraspad euro area”, - convinced the chief economist at Deutsche Bank. Moreover, from his point of view, the first from a sinking ship will run the EU is not an economically weak countries like Portugal, Ireland and Italy, and locomotives of the economy of the region, for example, - Germany.
But the expert did not deny the importance of the IMF mission on a global level. “If the IMF did not exist, we would do it to establish in order to use it to effectively overcome the financial crisis. However, the problems that exist at the global level, there is also at the European level”, - convinced Mayer.
The European Commission on the initiative of the chief economist at Deutsche Bank yet to be known, says the speaker of the EC in Brussels, Amelia Torres. Also, the EC hopes that Greece alone to cope with its economic problems. “Greece must reduce its budget deficit to an acceptable level and at the same time to reform the state budget audit and reporting system to the European Commission”, - said Torres.
Motorola is trying to block the import of BlackBerry smartphones in the U.S.
Giants of Wall Street cut bonuses under pressure from the U.S. administration
UCBU concerned about the high fines to banks for errors in the records of currency transactions of clients
Goskomvetmeditsiny approved the procedure for issuing veterinary certificates for the export of poultry meat in the EU
Rada Cabinet of Ministers proposes legislation to regulate the procedure began bankruptcy proceedings against the debtor in a number of
Judge: When the expected return of investors to Ukraine
World steel production in 2009 declined by 8%, to 1.22 billion tons
Minister of Finance of Greece denies rumors of secession from the euro zone
Philips net profit for 2009 amounted to 424 million euros