go finance report - European zone seems to really going through dark times in peekonomiannya. This is seen with increasing loans and investor anxiety about the euro zone. Two countries in Europe are Spain and Italy, saw their debt rise.
"We all are dealing with a sense of pessimism that and trying to deal with it. However, observers tend to underestimate it," said European Central Bank President Jean Claude Trichet was quoted as saying by the AFP on Wednesday (12/01/2010).
But investors seemed more to see volatility in the current euro zone. One unit of Citigroup, CitiFX said that more investors are focusing on providing loans for the economic difficulties that occur in the euro zone.
Spain's debt continued to increase from 5.46 percent to 5.50 percent. Deputy Minister of Finance of Spain was still insisting it will pass a deficit and will continue to move forward. Because according to him, the market will respond to the policies made and most importantly, implement the policy.
Italy are also under market pressure. According to the Credit Union bank economist Marco Valli, such reactions seem excessive. But the market was already panicking, which could mean that the crisis of confidence in the euro zone has entered a more dangerous phase.
Trichet also agreed if the market does need an explanation of EU leaders. Where politics and rules specified will not automatically require private investors to bear the loss. (Go-finance)
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