The real problem, when all is said and done, is that most European countries (those with a large current account deficit) own a lot of money to Germany. Now Germany wants to be paid for the huge exports and loann to the easy-going countries.
And guess what - Germany has found out that they do not have the money. So she is trying to do everything possible to keep the European countries together.
Germany is the big loser. For more details try to understand the accounting of TARGET2 to convince yourself about this issue.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
More details? Take advantage of a 2-MONTH FREE SUBCRIPTION to The Peter Dag Portfolio - 8 issues. Just send us an email to info@peterdag.com with your name requesting your free subscription. You will receive by email your user id and password to access our service at www.peterdag.com. NEW SUBSCRIBERS PLEASE.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
No comments:
Post a Comment