13 de outubro de 2008

CDS

Mais um a falar dos CDS (ver aqui): FT.com / Columnists / Wolfgang Munchau - Brown offers Europe a lesson in leadership. Um excerto:
"But there are still many dangers ahead. The market for credit default swaps [CDS] may explode at any time. A severe recession could trigger a sharp rise in defaults with reverberations in credit markets and banks. And if we squander money rescuing the wrong banks, which we have done in parts of Europe, we may not have enough leeway to launch an effective stimulus programme. At best we may have succeeded in calming the markets for a week. But we have not solved this crisis yet."

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