With the debt contagion spreading to countries deemed too big to fail like Italy and Spain, Louise Cooper of BGC Partners in an interview to CNBC-TV18 said that this week has been exhausting for the markets.
This has not been a good week for news. However, the weekend is still full of news. "We have got an election in Spain on Sunday which is likely to bring in a new left socialist government," she said. According to Cooper the next big thing for the markets would be plans to leverage the European Financial Stability Facility (EFSF). "We are awaiting plans as to how they are going to increase the fire power of the bailout fund without any of the euro zone members putting more money into it," Cooper said. Below is the edited transcript of CooperDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
