BBG: Moody’s “ECB cannot resolve European debt crisis”

Author: Ed Thomas | Category: News
  • Comments are in its weekly credit outlook report .
  • Says ECB commitment to preserve Euro is a necessary, but not a sufficient condition to resolve debt.
  • Assumption of ECB support is central to the “credibility of the authorities’ ‘muddle-through’ strategy”
  • Says area of disagreement remain between ECB governing council members.