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SCRYY Scor SA (PK)

2.73
0.18 (7.06%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Scor SA (PK) USOTC:SCRYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.18 7.06% 2.73 2.55 2.80 2.73 2.59 2.59 4,538 21:05:21

Scor CEO: Governments, Central Banks Ran Out Of Ammunition -Report

12/09/2011 9:47am

Dow Jones News


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French reinsurance group Scor SE's (SCR.FR) Chief Executive Denis Kessler said governments ran out of monetary and budget tools to boost growth and fend off financial woes, and the current crisis may worsen, according to French business daily Les Echos.

"We ran out of ammunition and we have wasted precious time," Les Echos quotes Kessler as saying in an interview published Monday.

Massive borrowing and monetary creation from governments and central banks didn't have a lasting effect, Kessler says.

Newspaper Web site: http://www.lesechos.fr

-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740

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