Monday, November 21, 2011

It's now or never

Credit Suisse Says ‘Momentous Deal’ Is Needed to Save 17-Nation Euro Zone

Euro leaders must reach “a momentous deal” toward fiscal and political union by mid-January to save the 17-nation bloc, Credit Suisse said in a note to investors.
The analysts, led by Jonathan Wilmot, the bank’s London-based chief global fixed-income strategist, also predicted theEuropean Central Bank will move “more aggressively” to lower its benchmark 1.25 percent rate and provide banks with longer-term funds.
“In short, the fate of the euro is about to be decided,”according to the note, which was published today.

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