U.S. Economy In Crisis

LONDON: Deeper event last week, investors may not have had both an on-off plans for a referendum in Athens or the intrigue of the bone 20 in Cannes, but the comments by Ben Bernanke in Washington.

The Federal Reserve chairman has essentially committed to further action - if necessary - for the U.S. economy stronger.

In a sense, it was like to tell investors that if the crisis in the euro area starts to drag Europe into recession, the Fed is ready to help save the global growth and to maintain flows in more active risky.

"The United States will probably be one of the pockets of strong growth in developed countries over the next year. The euro area seems to be the swing factor."

A surprise drop in interest rates by the European Central Bank, with a confident performance by the new president Mario Draghi, would have helped risk appetite in the difficulty otherwise the euro area.

Franz Wenzel, strategist at AXA Investment Managers Senior Investment in Paris, said to be one of the key projects for private investors to accept a 50 percent cut the nominal value of Greek bonds.