In addition, given the FOMC’s stated intention to sell  4  In the December 2012 Summary of Economic Projections (SEP), the central tendency of FOMC participants’ projections for the unemployment rate in the final quarter of 2013 and 2014 was 7.4 to 7.7 percent and 6.8 to 7.3 percent, respectively. The central tendency omits the three lowest and three highest projections.
Despite the decisions taken by the Greek Parliament and the Eurogroup, the tensions have increased and spread, partly owing to the inertial nature of processes of this kind. It is essential that the countries that have agreed an adjustment programme with the European Union and the International Monetary Fund continue the considerable efforts they have made to date.