views

CITY VIEWS: DO YOU THINK THE BAILOUT WILL BE SUCCESSFUL IN STABILISING THE EUROZONE?

TONY BRIDGES | LLOYDS
“It will stabilise things to a certain extent. Countries like Germany and France don’t want Greece and Spain to leave the Eurozone and return to their own currencies because it will destabilise the euro, so they will do what they can to support them.”

JOHN MATHESON | MGMSEARCH
“The bailout seems to have stabilised things so far as the stock markets have indicated. However, any decisions made by governments will have to be made quickly.”

MITCH WELLS | CORPORATE FX
“It won’t stabilise the Eurozone because you can’t solve debt with more debt. The bailout package was meant for Greece but now we are likely to see more countries with large deficits follow suit. European leaders took too long to put the package together.”