
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
No comments:
Post a Comment