I think, in general, governments have relied too
heavily on central banks.
Extreme risk aversion has abated; spreads have narrowed; capital markets have continued to thaw, though in some overseas cases this has relied
heavily on central bank financing activities.
Not exact matches
The
central bank warned that the weaker oil prices could have an even more dramatic effect
on the economy, and that
heavily indebted households could stop spending.
The Euro / Dollar descended from its three - week high during Tuesday's trading session with prices hovering above 1.070 as anxiety mounted ahead of Thursday's
heavily anticipated European
Central Bank meeting.Recent events across Europe have placed the Euro
on a chaotic roller coaster ride with the terrible combination of political instability in Italy and overall uncertainty keeping investors
on edge.
Resentment is growing not only towards those who ran up the debts — Iceland's bankrupt Kaupthing and Landsbanki, with its Icesave accounts, and
heavily geared property owners in the Baltics and
central Europe — but also towards the foreign advisers and creditors who put pressure
on these governments to sell off the
banks and public companies to insiders.