AAU Konference

The Anglo-American University conference brought together economists from Poland, Germany and the Czech Republic, in addition to Olivia Lacenová, Wonderinterest's chief analyst, to discuss whether the EU budget reform has a chance of passing and, in particular, whether it can be effective, i.e. help reduce the debt of the member states.Olivia looked at the question from the point of view of our clients, i.e. investors and traders in the financial and capital markets. She used the example of Greece and its budget crisis to illustrate how the debt crisis approaching default has damaged investors in Greek securities in the long term. Others complemented Olivia by describing the situation in the bond market where, thanks to the bottomless support of the European Central Bank, the Greek bond market was eventually distorted.