The recent sharp drop in the euro and risk assets underscores investor frustration

April 30th, 2010|by Michael Ashley Schulman, Perspectives, The Big Picture|

The recent sharp drop in the euro and risk assets underscores investor frustration that policymakers are still reactive rather than proactive in their attempts to end the fiscal crisis and contagion risk within the euro area. Authorities have provided a new package for Greece and the European Central Bank (ECB) relaxed its collateral requirements, but […]