Markets rise but questions remain after euro debt deal spotlight image

Markets rise but questions remain after euro debt deal

Press quote (Voice of America)
27 October 2011
 "There is no new money involved," said Simon Tilford, chief economist at the CER. "What they are essentially saying is that we will cover a proportion of your losses if these countries get into funding difficulties."Now the question is whether that will be enough to persuade investors to lend to countries. It is not clear it will be."