Investors optimistic about the eurozone

Stock markets have closed on a positive note in recent days. Last Monday, the AEX index gained 1.7%. Since ECB President Mario Draghi announced on Thursday that he would do "everything possible" to save the eurozone, the Amsterdam stock exchange rose 5%. This gain was surpassed by the stock exchanges in Madrid (13% gain) and Milan (10% gain).

The financial daily concludes that investors conclude from Draghi's words that the ECB will once again buy government bonds from problem countries in the eurozone. It is also possible for the ECB to lower interest rates or provide cheap long-term loans to these countries.

After this optimism, the American credit rating agency Moody's warns against too much optimism. Moody's indicates that the ECB's solutions cannot solve the debt crisis. Time can only be gained.

U.S. President Barack Obama also expressed confidence at a campaign rally last Monday that the eurozone will survive the current crisis. He did, however, point to the fact that the Heads of Government must take decisive steps within a short period of time.

Source: fd.nl