Friday, May 13, 2011
The Monster (Divide) That's Ripping Apart Europe
According to BusinessInsider, everyday we get more evidence that the Eurozone is ridiculous, and vastly favors the core countries like Germany and France.
In a shock to nobody, Germany killed its expectations, with Q/Q growth of 1.5%. French GDP of 1% also exceeded expectations. And then on the flipside, you have Italian GDP growth of just 0.1%, below expectations of 0.3%. It's growing at its slowest in a year.
And yet despite all the evidence that the Eurozone structure vastly favors the Germans, it's still believed that the periphery are the moochers. Instead, they keep losing, with a currency that's too strong, and debt rules that aren't ideal for them.
Anyway, in this instance, nobody is getting too worked up. Markets are staging a nice rally, keying off the news....
Read more at:
http://www.businessinsider.com/european-gdp-numbers-2011-5?utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Select&utm_campaign=MoneyGame_Select_051311
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