The Future of Euro Still Faces Great Uncertainties

Jan Techau TV/Radio Broadcast July 4, 2012 China Radio International
Summary
With the Greek election handing power to a pro-bailout party and EU leaders agreeing to directly extend 100 billion euros in bailout funds to Spanish banks, the eurozone has been granted some much needed respite. But a solution to the crisis remains elusive.
Related Topics
Related Media and Tools
 
  • Email

With the Greek election handing power to a pro-bailout party and EU leaders agreeing to directly extend 100 billion euros in bailout funds to Spanish banks, the Eurozone has been granted some much needed respite. But a solution to the crisis remains elusive. Speaking on China Radio International, Carnegie's Jan Techau warned that Greece still faces the prospect of a Grexit and is in negotiations with the Troikt to ensure a steady flow of funds into the country. The EU has yet to establish a permanent contingency fund to channel funding to troubled nations and banks and an oversight system has yet to be established to monitor and discipline EU members' fiscal behavior. With so many things up in the air, the future of the euro still faces great uncertainties, Techau concluded. 

Comments

 
  • Report Abuse
Source: http://carnegieeurope.eu/2012/07/04/future-of-euro-still-faces-great-uncertainties/cngn

More from The Global Think Tank

In Fact

 

70%

of oil consumed in the United States

is for the transportation sector.

20%

of Chechnya’s pre-1994 population

has fled to different parts of the world.

58%

of oil consumed in China

was from foreign sources in 2012.

32

million cases pending

in India’s judicial system.

20

million people killed

in Cold War conflicts.

18%

of the U.S. economy

is consumed by healthcare.

$536

billion in goods and services

traded between the United States and China in 2012.

$100

billion in foreign investment and oil revenue

have been lost by Iran because of its nuclear program.

4700%

increase in China’s GDP per capita

between 1972 and today.

$11

billion have been spent

to complete the Bushehr nuclear reactor in Iran.

2%

of Iran’s electricity needs

is all the Bushehr nuclear reactor provides.

82

new airports

are set to be built in China by 2015.

78

journalists

were imprisoned in Turkey as of August 2012 according to the OSCE.

67%

of the world's population

will reside in cities by 2050.

16

million Russian citizens

are considered “ethnic Muslims.”

Stay in the Know

Enter your email address in the field below to receive the latest Carnegie analysis in your inbox!

Personal Information
 
 
Carnegie Europe
 
Carnegie Europe Rue du Congrès, 15 1000 Brussels, Belgium Phone: +32 2 735 56 50 Fax: +32 2736 6222
Please note...

You are leaving the Carnegie–Tsinghua Center for Global Policy's website and entering another Carnegie global site.

请注意...

您离开卡内基 - 清华全球政策中心网站,进入另一个卡内基全球网站。