TITLE

Reload the policy guns

AUTHOR(S)
CHANG, JOSEPH
PUB. DATE
August 2011
SOURCE
ICIS Chemical Business;8/15/2011, Vol. 280 Issue 4, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
The article analyzes the impact of the economic slowdown in the U.S. on the chemical industry around the world. It is stated that, the crash of the U.S. stock markets after Standard & Poor's Corp. (S&P) downgraded the U.S. sovereign debt resulted in substantial decline in the stock prices of companies related to the industry. It is stated that, to save the economies of European countries the European Central Bank (ECB) must act as the buyer of last resort for the sovereign debt of its members.
ACCESSION #
65204167

 

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