by Richard Barley
Wall Street Journal
March 10, 2011
Good news for Portugal may yet prove a double-edged sword for the euro zone. Lisbon's successful sale of €1 billion ($1.39 billion) in bonds Wednesday shows Portugal still has access to the markets and eases its immediate refinancing pressure, reducing the prospect of a near-term bailout.
But it also eases the pressure on Europe's leaders to find a definitive response to the crisis at key summits in March. That risks prolonging the uncertainty.
More
No comments:
Post a Comment