Euromoney (March Issue)
2012/ 03/ 20 by jd in Global News
“Merkel and Sarkozy should stop wasting time with summits and start running seminars on how to use a washing machine.” The spreads on 5-year credit-default swaps (CDS) show an uncanny link with the percentage of men age 25 to 34 still living at home. In Greece nearly 60% do, followed by Portugal, Italy Spain, and Ireland.
“Merkel and Sarkozy should stop wasting time with summits and start running seminars on how to use a washing machine.” The spreads on 5-year credit-default swaps (CDS) show an uncanny link with the percentage of men age 25 to 34 still living at home. In Greece nearly 60% do, followed by Portugal, Italy Spain, and Ireland.
Tags: CDS spreads, Eurozone crisis, Living at home, Men, Merkel, PIIGs, Sarkozy
