Dr. Mirtchev indicated that the EU guarantees have significance for the development of the whole European project, which in turn makes them globally relevant, in particular for broader financial security. "Even the way in which they are introduced is signifying not only the economic, but also the political considerations." The bold, decisive and, despite opinions to the contrary, relatively prompt measures could smooth the waters over the mid-term for the weaker European economies, and provide a platform for the further transformation of the eurozone. Subsequent developments could be "jittery, it is going to be up and down." Despite the speculations, it does not look like the Euro countries would reintroduce their own currencies, even though important questions for the eurozone remain to be addressed.
Read more: http://www.andhranews.net/Business/2010/May/12-Former-Greek-Finance-Minister-19109.asp#ixzz1MmY5v82H
Krull Corp
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