Erste Group: “Debt Crisis Continues”

Businessn.a. ♦ Published: January 25, 2012; 16:10 ♦ (Vindobona)

According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.

Erste Group: “Debt Crisis Continues” / Picture: ©

For 2012 Erste Group expects the slow and painful process of solving the sovereign debt crisis to continue. A further escalation followed by additional measures – especially more financial support – seems probable. “We do not expect a breakthrough, but neither do we believe that the euro zone will break up. Generally, all signs indicate that the euro zone will ‘stumble…

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