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European debt crisis: Investors’ confidence shows signs of crumbling

Publié par Clifford Armion le 28/11/2011

Steven Mufson and Anthony Faiola

European leaders will continue this week to slowly hammer out new structural measures to shore up the euro currency zone, but market confidence among investors already showed signs of crumbling late last week.

One month after European leaders struck deals over a bailout fund and a debt restructuring for Greece, financial markets are again gripped with pessimism and impatiently looking for more.

Germany is pressing for tighter fiscal discipline through budget controls that would initially draw approval from a few of the 17 nations that belong to the currency union without requiring time-consuming revisions of the union's treaty. Critics say the plan would effectively create two euro zones, a central one paying lower interest rates and a peripheral one paying higher borrowing rates.

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"European debt crisis: Investors’ confidence shows signs of crumbling", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2011. Consulté le 24/06/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/european-debt-crisis-investors-confidence-shows-signs-of-crumbling