Saturday, February 6, 2010

Euro vs. US

“Let me get this straight: investors are getting out of the euro zone ( 2010 deficit/GDP 6.7 per cent; debt/GDP 88 per cent, according to OECD) because of its poor fiscal situation and flocking to the U.S. (10.7 per cent and 92 per cent, respectively).”
- Erik Nilsson, an economist at Scotia Capital:

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