FRANKFURT (MNI) - The troubled peripheral Eurozone countries of Greece, Portugal and Ireland are clearly different from other Eurozone states, but the market calculus could change should a restructuring of Greek debt produce a contagion effect, European Central Bank Vice President Vitor Contancio said Wednesday.
At a press conference where he presented the ECB's Financial Stability Review, Constancio noted the recent increase in spreads on the sovereign debt of some other Eurozone countries. "I would not draw any conclusion from what has happened over the past few days," he said. "There is a very clear-cut distinction between those three countries and all the others."
At a press conference where he presented the ECB's Financial Stability Review, Constancio noted the recent increase in spreads on the sovereign debt of some other Eurozone countries. "I would not draw any conclusion from what has happened over the past few days," he said. "There is a very clear-cut distinction between those three countries and all the others."
