Several organizations, such as G7, G20 and the European Central Bank expressed that it should take measures to maintain the stability of Finance, in August 8. The former two organizations, however, seems only have the oral promise, and their influences in the market (especially the Asian area) are limit. But the European Central Bank bought the debts of Italia and Spanish as their measures which stopped the spreading of Black Monday to a certain extent and relieved the markets’ anxiety effectively.
The Asia sovereign bonds seem as a safe harbor for the global investors, and the reason why it becomes popular is the bonds still seem powerful when the United States and European debt crisis are turbulent. It is not to say that the Asian countries will avoid the affect of the slowdown in global largest economies.
Source: Xinhua
Translated and edited by Yang Jingmin