Standard & Poor's predicts eurozone could emerge from debt crisis in 2013
AFPPARIS -- The eurozone could emerge from its debt crisis this year, Standard & Poor's said in a report Wednesday.
January 11, 2013, 12:58 am TWN
“This could be a decisive year in determining whether the eurozone ... can emerge from its sovereign debt troubles,” the rating firm said in a statement on the report, titled “The Eurozone Debt Crisis: 2013 Could Be A Watershed Year/”
“Nevertheless, we believe that investor confidence will only return if member states continue to make progress in rebalancing their economies, both through structurally stabilizing public debt and by further reducing external deficits,” S&P credit analyst Moritz Kraemer said in the statement.
The agency said that agenda was “challenging but achievable”, but also warned that implementation risks remained.