SHANGHAI, Feb. 15 (SMM) – Ba Shusong, Deputy Director of Financial Research Institute, Development Research Centre of the State Council, will deliver important speeches of macro environment for base metals industry during the China Copper & Aluminum Summit to be held in Shanghai during March 21-23.

Mr Ba maintains that, as the first half of this year is the peak time for European countries to pay their debts, short-term market turmoil is predictable. Italian debts are due during February, Greek debts during March, and Spanish debts in April, so a default is very likely if Greece fails to secure the second bailout package.

The impact of 2008 economic crisis was severe but temporary, as markets responded swiftly. European debt crisis, though, is financial crisis, and can be only dealt with implementation of austerity measures such as reducing spending, raising taxes, and cutting salaries and welfares. These measures face great difficulties to be executed, and the process is extremely long and complicated.

During this forthcoming China Copper & Aluminum Summit, Mr Ba will make incisive analysis on market focuses and thus help participants have a better understanding of how to respond to complicated economic environment for the base metals industry.

Ba Shusong, mainly involved in research of finance, securities, and investments, is invited as a special guest of this Summit. Ba has published a number of books including Study of the New Basel Capital Accord, Path of China's Financial Market Development, A Monetary History of the United States, etc.

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