Greece does not threaten to default and exit from the euro zone. Told a World Economic Forum in Davos, EU Commissioner (EU) on economic and monetary policy Joaquin Almunia, transmits Reuters referring to the American media. “Greece does not happen default: in the euro zone”s default is impossible”, - he said.
According to H. Almunia also impossible is to get out of Greece from the euro zone, “because it would be madness to try to solve the economic problems of Greece outside the euro zone. He added that there is no particular plan for the EU in Greece, although next week will be made regular monthly recommendations on fiscal policy in Greece and other countries.
earlier that the country does not leave the euro zone, said the Prime Minister of Greece George Papandreou. According to him, the Greek Government will not abandon its obligations under the debt. He added that the economic problems of the country used by a number of politicians as an argument against the expansion of the euro zone.
Meanwhile the situation in Greece are concerned, investors around the world. The economic problems of the country had a negative impact on stock indexes in Europe, USA and Asia. In addition, the budget deficit of Greece led to a decline of European currencies against the dollar.
In December last year, the rating agency lowered the rating of Greece, which sharply increased the cost of borrowing for the country. Moody “s reduced the country”s rating to A2 from A1, and Fitch - to BBB. Both agencies have given a negative outlook debt situation in Greece. In mid-January, Moody” s reported that the prognosis of the credit rating of Greece remains negative due to uncertainty about the government”s ability to implement a plan to reduce the budget deficit.
The federal funds rate was maintained at the same level of 0-0.25% per annum
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