Banking, finance, and taxes
Bernanke Worries More About EU In Testimony
Published:
Fed chief Bernanke’s worries about the eurozone financial crisis have not ended, based on comments he will make before the Committee on Government Oversight and Reform of the U.S. House of Representatives. Bernanke says that one-fifth of US exports go to the region where the GDPs of many nations have started to contract. And, the next actions the EU and its members must take will to help stability and improve GDP expansion will be hard, although Bernanke says they are essential:
Full resolution of the crisis will require a further strengthening of the European banking system; a significant expansion of financial backstops, or “firewalls,” to guard against contagion in sovereign debt markets; and, critically, continued efforts to increase economic growth and competitiveness and to reduce external imbalances in the troubled countries.
He has made similar comments before, but, based on the actions of EU leaders, his opinions have fallen on deaf ears.
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.