"The debt crisis: 2013 could be the turning point“: this is the title of the latest weblog report Standard & Poor's, which proves to be more optimistic than in the past about the future of the Eurozone.
According to the American rating agency, the year that has just begun could mark the beginning of the sustainability of the currency area, which should be able to overcome the volatility and fragmentation of the market. The return of countries that have requested the support of the European Stability Mechanism (ESM), such as Ireland and Portugal, to more substantial issues on the capital market is also possible.
“However, we believe that investor confidence will return if member states continue to make progress in rebalancing their economies – reads the S&P report – both through structural debt stabilization and further reducing external deficits”.
