According to Brown Brothers Harriman analyst Marc Chandler, Europe can use this crisis for the development of this European bond market, which will replace the broken French, Italian, German and other markets. "The lack of a bond market in Europe - is one of the reasons why the euro share in global reserves does not exceed the shares formerly owned by the German mark and the franc," - he said. The European bond market can not only become a benchmark for the region, but also form a mechanism that guarantees financing of such countries as Greece, under the conditions set out in the EU.
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