Greece: „The Markets were too Euphoric“

More+Comment ♦ Published: May 7, 2012; 19:49 ♦ (Vindobona)

In an interview with the Austrian newspaper “Standard”, the Austrian analyst Friedrich Mostböck thinks that the European debt crisis will remain a major challenge.

Greece: „The Markets were too Euphoric“ / Picture: © Erste Group Bank AG

According to Mostböck, chief analyst at Erste Group, the elections in Paris and Athena caused uncertainty again. The European debt crisis is no specific problem of the Eurozone. Nevertheless, the world will have to deal with the debt crisis longer than expected. Mostböck thinks that the markets were too euphoric in the first quarter of 2012. The outcome of the elections in Greece and…