Wednesday, June 1, 2011

"Every European country has its skeleton in the closet»

"The opening of trading today, no signs of anything wrong," - says Bank.ru Alexander Kartashov, head of trading of the bank Globex. "Trading was quiet. But the market came about that the profitability of Greek sovereign bonds increased substantially. The catalyst was compiled by Eurostat, which is to clarify Greece's budget deficit for the year 2009, the static agency significantly improved it. As a result, the euro has fallen off. The ruble fell to 5 cents per 10 minutes. All the attention of market participants are now focused on the problems of weak euro-area countries: Greece, Portugal, Spain and Ireland. Significantly increased yields on the Portuguese papers. Greatly concerned about the investor situation in Spain. At first glance, the EU, the IMF agreed to provide Greece 45 billion euros. But according to recent data, the salvation of Greece need at least 80 billion euros. Decisions about care can block the opposition parties, both in France and Germany. In this case, any delay repeatedly worse. One of the key problems in Greece is that it is a long time provided falsified data on the state of its economy. But actually, this is a common misfortune. In particular, it is typical for commercial structures, such as banks. Once problems occur, they are trying to cover up the balance. And always ends badly. In my opinion, every European country has a "skeleton in the closet, but the extent of fraud in Greece were very big. Prospects for the European single currency are bad, the euro will take their positions. With regard to the ruble, then of course he will, as before, totally dependent on energy prices. Most likely, no significant changes until the end of the summer on the Russian currency market will not "- says the expert.

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