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Deutsche Bank Says EFSF A Short-Term Fix
Greece’s ad-hoc bailout in May and the creation of the European Financial Stability Facility (EFSF) is a good example that short-term fixes are no guarantees that there will be no further bouts of peripheral risk, Deutsche Bank says according to Dow Jones Newswires.
"It’s probably a question of when the next problem will occur rather than whether there’ll be one," it says.
The bank adds that a band-aid solution for Ireland will take the immediate pressure off the peripheral risk complex but will not permanently resolve the more fundamental issues of the highly leveraged Western financial system.
(Capital.gr)
Greece’s ad-hoc bailout in May and the creation of the European Financial Stability Facility (EFSF) is a good example that short-term fixes are no guarantees that there will be no further bouts of peripheral risk, Deutsche Bank says according to Dow Jones Newswires.
"It’s probably a question of when the next problem will occur rather than whether there’ll be one," it says.
The bank adds that a band-aid solution for Ireland will take the immediate pressure off the peripheral risk complex but will not permanently resolve the more fundamental issues of the highly leveraged Western financial system.
(Capital.gr)