gzb161

Click through to read the full details. Markets are ecstatic, though that may be more a sign of the lowness of previous expectations than the quality of the agreement (which is, of course, quite vague at this point). At least two big questions hang over the plan as announced. One concerns bank recapitalisation. The plan calls for it, but if the banks are unable to raise sufficient money on their own, then governments will need to get involved. Governments are sure to prove reluctant while markets seem chipper, and so it's likely that recapitalisation will proceed too slowly until markets begin attacking one point or another, at which point either the sovereign or the EFSF will be called upon to fill holes and save the day.

[ 本帖最后由 gzb161 于 2011-10-27 22:36 编辑 ]