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Global Economic Watch International Finance April 25, 2010.

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Presentation on theme: "Global Economic Watch International Finance April 25, 2010."— Presentation transcript:

1 Global Economic Watch International Finance April 25, 2010

2 Greek Crisis The Minister and I had a very constructive meeting and I am impressed with the Greek authorities' determination to take the actions necessary to put their economy back on track

3 EU Deficits http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-22042010-BP/EN/2- 22042010-BP-EN.PDF

4 Greek Deficit http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-22042010-BP/EN/2- 22042010-BP-EN.PDF

5 ECB Policy Key figures at a glance Marginal lending facility(*) 1.75 % Main refinancing operations (fixed rate) (*) 1.00 % Deposit facility0.25 % http://www.ecb.int/home/html/index.en.html

6 Discussion Why is Greece seeking a rescue package? Why is international market fearful? Why is the euro depreciating against the dollar?


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