EU declaration and International Capital Markets

Since the onset of the financial crisis, without any doubt  the main point of concern for EU is how will formulate a path so as to convince the international capital markets for its ability to control the debt crisis.

The last two years among the main tools used by EU leaders are the repeated declarations   about the future coordination for tackling the debt crisis and about the commitment to provide the adequate resources so as to protect especially the greek bonds .

 Since the onset of the financial crisis mid 2008 in order to test the degree of market acceptance we isolate  the days of EU Summits. Then we accommodated the volatility of greek bond yield two days after each summit. It is of interest to note that in all cases the market moved at the opposite direction.  The markets appear to have been increasingly concern about the ability and the real tension of EU leaders.  What that it means; We are looking forward for fundamental policy  alterations otherwise the international capital markets will remain concerned.