La crise en Grèce vue par les US
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The fund is racing to conclude an agreement for more painful austerity measures from Greece by Monday, clearing the way for the government in Athens to receive funding and to reassure investors worldwide that European debt is safe. On Wednesday, , the I.M.F.’s forceful managing director, pledged the additional aid in a private meeting with German legislators. The package would be the equivalent of up to $160 billion and would come from both the I.M.F. and from Germany and other countries using the euro. But as has frequently been the case during Europe’s debt crisis, the promise of help was overshadowed by more disturbing news — in this case, a cut in the debt rating of Spain by a major agency just a day after downgrades for Portugal and Greece. The growing fear is that the fallout from Greece and even Portugal, which together compose just 5 percent of European economic activity, could be a mere sideshow if Spain, with its much larger economy, has difficulty repaying its debt.
NEW YORK — The downgrading of European debt is turning up the heat on the firms that issue the ratings. Some European officials are calling for curbs on rating agencies like Standard & Poor's, Moody's Corp. and Fitch Ratings. They argue that conflicts of interest and bad information make the agencies' assessments unreliable, even dangerous. Germany's foreign minister went so far Thursday as to suggest that the European Union should create its own rating agency.
Les dirigeants européens s’en souviennent avec une certaine amertume ; lors du dernier G20 Obama avait été clair : rien ne doit remettre en question le rôle du dollar comme monnaie mondiale. Certes, que Sarkozy parle à chaque sommet international de monde multimonétaire ne perturbe guère les Américains. Néanmoins ce genre de propos les agace et il faut selon eux démontrer qu’aucune devise ne peut impunément paraître rivale du dollar. Les Européens avaient besoin d’une petite leçon.