- "While, so far, the euro area seems to have been fairly resilient against the deterioration of economic activity in the US, spillovers and contagion effects could become significantly stronger in the event of a more pronounced downturn."
- "As a result of the financial market turbulence, downside risks to the global economic outlook have clearly increased, particularly for 2008". If the turmoil continues "for some time", it will lead to less favourable financing conditions and to tighter credit availability.Equally, business and consumer confidence could suffer if the crisis "were to last for some time".
- "If the risks materialise, they will mainly affect the real economy in 2008 and beyond, although they could have an impact this year. Such fallout would be on top of the risks identified previously by the commission - particularly a further strengthening of the euro - which have already materialised, it said. The commission noted that since mid-August fresh rises in the euro have contributed to the tightening of monetary and financial conditions.
Σαφέστατα και ξεκάθαρα η Ευρωπαική επιτροπή, διατυπώνει πως αν οι οικονομικές συνθήκες στις ΗΠΑ επιδεινωθούν, οι επιπτώσεις θα είναι αρκετά μεγαλύτερες από τις ήδη υπάρχουσες.
