The Economist (November 17)
While focus may currently rest on the PIIGS, “ahead looms a bigger problem that could dwarf any of these: France…. too many of France’s firms are uncompetitive and the country’s bloated government is living beyond its means.” Without decisive action, “France will lose the faith of investors—and of Germany. As several euro-zone countries have found, sentiment in the markets can shift quickly. The crisis could hit as early as next year.”
Euromoney (March Issue)
“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
