Crisis in Eurozone: Stepic Is Optimistic

People ♦ Published: August 25, 2012; 15:00 ♦ (Vindobona)

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

Crisis in Eurozone: Stepic Is Optimistic / Picture: © Flickr / St. Petersburg International Economic Forum

For Stepic, the main reason of the crisis in the Eurozone is the situation of public finances. Only in Ireland and Spain, the banking industry was a part of the problem, he asserts.

Stepic thinks that the euro safety net is big enough. Even Italy could be rescued now, he says. “However, I do not expect that Italy needs help.”

The prospects of Greece to remain a…