Leta i den här bloggen

Läser in...

2011-12-05

Mera vatten på min kvarn, Pimco-chef: the realisation that in today’s eurozone, Italy and Spain (and France ) are in effect like emerging market countries that borrow in another currency

Om man har en sedelpress går man inte i konkurs, skrev jag på denna blog den 4 november.


Nu har denna tanke även gått upp för Andrew Balls,  head of Pimco's European investment team


It is very difficult to argue that the rise in Italian and Spanish spreads since earlier in the summer has been the result of deterioration in fundamentals

Rather, what we have is the realisation that in today’s eurozone, Italy and Spain (and France ) are in effect like emerging market countries that borrow in another currency.

The eurozone is in an existential crisis.

Andrew Balls,  head of Pimco's European investment team, Daily Telegraph, 5 December 2011

Nyheter om EMU här

Inga kommentarer: