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 Financial Markets Focusing Greece and Spain - Shaw Capital Management Newsletter- Financial Markets Focusing Greece and Spain - Shaw Capital Management Newsletter
- February 04, 2011
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If the latest measures do succeed in reducing the fiscal deficit to manageable levels without aborting the economic recovery, and if the problems affecting the euro continue, or become even more serious, then sterling may well maintain current levels or even appreciate further.
The situation in Greece and in Spain has obviously caused great concern in London. But the Bank is also aware of the risks as a time when the economy is still in a very fragile state, and of the need to compensate for the fiscal retrenchment by maintaining a supportive monetary policy, and low short-term interest rates. There are therefore reasons for concern about the prospects for sterling. If the latest measures do succeed in reducing the fiscal deficit to manageable levels without aborting t...
- View more at: http://www.1888pressrelease.com/financial-markets-focusing-greece-and-spain-shaw-capital-m-pr-276446.html
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