Skip navigation

It is great news that the IMF has advanced $1Billion on top of the earlier $10Bn by the ECB to Cyprus.

This is a vote of confidence that the IMF, ECB and EU are working together to try and solve the multiple problems in the Eurozone.

However, the real issue is not to keep on printing monies, buying up junk securities and bonds to provide the necessary funds and liquidity.

At the end of the day, the EU, ECB and IMF should try and help these troubled countries in the Eurozone to restructure the monetary policies and fiscal policies so that eventually, job will be created, income will be created, consumption will happen, growth will happen, GDP  will come back.

Unless and until this happens, the Eurozone crisis will continue unabated.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: