Banque de France: no credit crunch in Europe

Tourism

There is no credit crunch in Europe and the International Monetary Fund has been too pessimistic in its growth forecasts for the region, a senior Banque de France official said.

“Today in Europe there is no credit crunch,” Jean-Pierre Landau, second deputy governor of Banque de France.

Landau, speaking personally, said the IMF growth forecasts for the euro zone and Europe were too pessimistic as they had taken into account risk from financial market turmoil.

“That should have been dealt with... separately,” Landau told the European Parliament's economic affairs committee. (Reuters)

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.