Instability in the euro area results from fragmentation, chief economist for Lithuania at Nordea, the biggest financial group in the Nordic and Baltic countries, believes.
Žygimantas Mauricas
© DELFI / Kiril Čachovskij

In Žygimantas Mauricas’ view, it should become clear soon whether the results of quantitative easing in Europe would be similar to the United States, which saw its economy growing after such a program, or to Japan, which saw its economy stalling.

“The question is simple: which road will the euro area take: will it be similar to the United States or more similar to Japan?” Mauricas said at a news conference on Tuesday.

He highlighted the immigrant crisis as the key problem.

“The immigrant crisis may be disastrous for Europe as it may trigger disagreements between countries. Europe is unable to find a common solution to this problem… And it may disunite Europe,” Mauricas said.

He believes that Greece will continue triggering economic instability. In Mauricas’ view, there are several potential scenarios but the most likely is the one involving the extension of support program to Athens.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an...

A new money transfer startup goes to market donating its income for social campaign

Due to the growing financial awareness of the people, alternative money transfer platforms are coming...

D. Grybauskaitė: the EU will owe us

Lithuanian farmers will not receive the sort of direct grants from the EU as were promised already...

Revolut turns new page with Lithuania-facilitated banking license

Today, Revolut together with the Bank of Lithuania have announced that the challenger bank received...