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    However,christian louboutin outlet, Trichet said yesterday the euro zone economy will continue to grow, the central bank's monetary policy adopted by the current position remains appropriate, all conventional measures are temporary,red bottom shoes. But the central bank is continuing its plans to buy government bonds,jordan shoes. European trading session yesterday,jordan shoes, the euro-dollar exchange rate swings,christian louboutin shoes.
    Yesterday, the Spanish government issued a 3-year bond received a warm market response, although the higher rate of return, but the overall situation is still sold well,red bottoms. However, the debt crisis continues to spread is not over, the rating agency Moody's said yesterday that the Irish housing loan default rates will continue to rise,jordan shoes. A source revealed that the Irish and the Spanish government plans to launch large-scale privatization, in order to maintain market confidence in its crisis response plan. More news that the euro zone assistance fund from next month will be a member of a crisis to issue bonds.
    International Monetary Fund (IMF), President Kahn, said yesterday that Europe should not underestimate the dangers of the debt crisis, the current view,red bottom shoes, the debt problem has begun to affect Europe, U.S,red bottoms. and Asian markets.
    Dark clouds still shrouded the debt crisis across Europe,air jordan shoes, the European Central Bank can not lightly quit,air jordan shoes. Yesterday, the European Central Bank kept its benchmark interest rate unchanged at 1%,red bottom shoes.
    Despite the debt crisis of the panic in Europe growing,christian louboutin shoes, but remains confident the European Central Bank President Jean-Claude Trichet, who attended the November 30 European Parliament Economic and Monetary Affairs Committee hearing, said that the European market should not be underestimated state leaders to maintain financial market stability. In this regard, is widely expected that the European Central Bank will take action to curb the spread of the debt crisis.
    Katzman, chief economist at JP Morgan Chase,air jordan shoes, said the manufacturing industry in Asia and the U,christian louboutin shoes.S. consumer spending continues to grow,red bottoms, driven by the recovery of the global economy has maintained good momentum, but Europe is not the debt crisis has shaken investor confidence uncertainty The market optimism is almost completely disappear.
    Debt crisis of the global economy
    Some market participants believe that the euro seems to have now to a dead end situation,red bottoms. Or the European Central Bank to maintain non-conventional monetary policy,red bottom shoes, or is the euro in serious decline,christian louboutin outlet. Some foreign media reports,christian louboutin shoes, Italy,jordan shoes, Spain and Portugal have urged the European Central Bank should take prompt response, but the German plan for the purchase of any bonds or opposed. German Economics Minister, said Bruce Bradley, liquidity alone can not solve the debt problems of the euro zone,christian louboutin outlet, injecting too much liquidity there is the danger of creating a new bubble.
    Control the fate of the euro European Central Bank
    EU Economic and Monetary Affairs Committee member Ryan also hinted that the ECB is expected in May this year, the same as the re-purchase of euro-zone government bonds in order to curb the spread of the debt crisis and maintain stability in the euro. It is reported that in early May of this year, the debt crisis of Greece into the most critical moment, the ECB has taken the unprecedented move to buy euro zone government bonds,christian louboutin outlet. However,air jordan shoes, this approach similar to the Federal Reserve announced last month the quantitative easing monetary policy within the European Central Bank has been controversial.
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