Let me know your thoughts fellow traders.
Scope Ratings is concerned about heavily-indebted countries with large primary deficits, and governments operating in highly fragmented political environments struggling to implement reforms.
Previous crisis-hit countries such as Greece, Ireland, Portugal, Spain and Cyprus have implemented important reforms under EU financial assistance programmes, resulting in more favorable macroeconomic trajectories. However, not all euro area countries have used the past years of loose monetary policy as effectively to address the fiscal challenges they face.
Scope Ratings is concerned about heavily-indebted countries with large primary deficits, and governments operating in highly fragmented political environments struggling to implement reforms.
Previous crisis-hit countries such as Greece, Ireland, Portugal, Spain and Cyprus have implemented important reforms under EU financial assistance programmes, resulting in more favorable macroeconomic trajectories. However, not all euro area countries have used the past years of loose monetary policy as effectively to address the fiscal challenges they face.
Commentaire:
Now we going short