The impact of the Greek crisis on the euro what prospects does the euro with Greece about to require the promised rescue? Not the best, considering especially the ad which had caused some hope in the markets, has little credibility. Greece is worse than Argentina in 2001 and that can be very bad news for the euro. The plan approved by European leaders, which includes lending bilateral along with aid from the International Monetary Fund (IMF), as well as being intended to be used as a last resort to Greece, requires unanimity among the 16 eurozone countries so that it can be implemented. Without a doubt, bad news for those who they believed, and believed that this aid to Greece was serious. But everyone wants to support Greece? In reality no, and what worries most is that one of the countries that is not very convinced to do so, precisely is the main country of the block. Germany is without discussion, the main economic engine of the euro-zone. The country is by live regional elections of the next May 9th and no party wants to show their constituents how waste fiscal resources in helping Curran drunkenness of a country that undoubtedly has not done the homework. Conservatively, European diplomatic sources said: we all know that it is impossible for Germany to lend money to Greece before the election.
Must he bear Greece until after regional elections in Germany to fall into a situation of greater danger that ends by defining the help? Mohamed El-Erian in Financial Times, explained why the rescue of Greece was not going under anticipated Rails. The triumphant announcement of Greece, the European Union and the IMF a couple of weeks ago has not served to calm the situation on the markets, nor has contributed to reduce the cost of financing Greek debt. This vision matches people of AFP, for whom the European plan of support for Greece failed to reassure the markets. And in the midst of fuss, Fitch has given him last Friday, a new stroke of knock-out to Greece lowering its debt rating on two levels, from BBB + to BBB-, placing it with negative perspectives. The bet in Europe failed spectacularly and the escalation of the performance of the Greek obligations makes still more unlikely that Greece can get out of its budgetary black hole without effective help, warned concerned Nick Kounis, Economist at Fortis Bank. The ghost of Argentina fly over Athens titled Digital freedom last Friday, noting that Greece financial position is worse than that recorded in Argentina at the time, as is shown Peter Boone and Simon Johnson, analysts of the Financial Times, and researchers from the London School of Economics and the MIT Sloan School, respectively. Greece is much more debt, much less competitive and need a fiscal adjustment and pay proportionately higher, said analysts polled by Digital freedom in comparison with the situation in Argentina in 2001. Continue reading – investment opportunity – the euro It will continue to fall but there are alternatives for investment in Wall Street that will grow your wealth this year. Actions with a strong bullish potential of 2010 are here.