First Prime Comment - EU Economic Slowdown

May 27, 2008 - PRLog -- Sources close to First Prime have reported that the European based private equity firm’s team of market researchers believe stabilising financial markets, providing sufficient liquidity and continuing wage moderation are the crucial answers to the current economic uncertainties.
A spokesperson for First Prime reportedly stated that despite the growth slowdown, high inflation rates and the worldwide financial crisis caused by the crumbling US sub-prime market, Europe's economic foundations remain solid and do not require the kind of interventionism that is occurring elsewhere. The First Prime spokesperson added that unintended interventions on interest rates at this stage could endanger price stability at this point in time.

Commenting on the financial markets crisis, First Prime apparently stressed the necessity to stabilise the situation and reestablish trust. According to sources, First Prime are of the opinion that the provision of adequate liquidity is essential for SMEs, which depend largely on the availability of credit and loan financing as a facilitator to invest, grow and generate jobs.

First Prime have apparently urged their clients to keep a close eye on market developments in the next months and act swiftly if need be.