I will be out for the first part of this morning.
However, it now looks as my view on the effects of downgrade were fairly close to reality , in fact I was underestimating the short term negative impact. That ‘s why what I said in the post “Romania needs to act fast” is imperative.
In the following days the key is with the money markets, for USD and EUR. I think we will see again pressure on short term rates to go higher.
But as I am not here to comment this morning, why don’t you?
Please let me know what you think of the current situation and how you see it solved.