A. M. L doubts about Greece, fear of contagion and the reduction of the debt by the rating rating triggered uncertainty these days. Austerity plans, or renovations of Government, nor the electoral advances seem to soothe the markets of the countries on the periphery of the euro. Volatility in the stock markets, risk premiums that rise and fall without control, incessant rumors rescue uncertainty is the word that best sums up, especially in recent days, the economic situation of the peripheral eurozone countries. Doubts regarding the second rescue to Greece, fear of a contagion of the crisis affecting that country and the reduction of the debt by the rating rating have destabilized, even more if possible, international markets and risk premiums, the price premium that require investors to buy the debt of a country against German bonds have soaredregarded as the safest in Europe. Wishes out of such instability they have led to numerous reforms, changes of Government and even electoral advances, something that comes a long time suing the main opposition party in Spain. However, despite the insistence of the popular and the shadow of a possible ransom, the Executive still does not contemplate a foretaste of the expected general elections March 2012.
Internationally, or austerity plans renovations of Government, nor the good intentions of those countries that its executives have been renewed seem to have stabilized the international markets. This is shown by the experience of Ireland, whose debt was lowered this Tuesday at the level of the bonds junk by Moody s Agency, after having premiered a coalition between conservative and labour party Executive and have recently implemented its adjustment programme. The power of the rating does not seem to have improved the economic situation in Portugal after the resignation of its former Prime Minister, Jose Socrates, and the election of his successor, the leader of the Social Party Democrat (PSD), Pedro Passos Coelho.