Thus, although the sovereign debt crisis has passed for the moment, a relapse would be dangerous for the Eurozone: “The main pressures come from Spain and Italy, which will determine the evolution of the interest rate in the Eurozone. Spain may need more austerity measures, its deficit being above the European average, while its debt could exceed 90% of GDP in 2013. In Italy, the main influence comes from the election results in February, as the financial markets have their own preference, respectively Mario Monti", says Claudiu Cazacu, chief analyst of XTB Romania.
Read the entire article in Romanian, here.
