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Edward Hugh wrote a very interesting
article in the A Fistful Of
Euros blog titled There
Is Another Shoe To Drop In The Global Economic and Financial Crisis -
And The Focus Will Be On Europe’s Perifery.
He clearly spells out the mess Eastern
Europe, Spain, Portugal and Greece is in economically, what they need
to get out of it.
So far the European Central Bank has
been very accommodative to these countries, but what happens if this
is no longer the case.
I agree with his conclusion that the
financial crisis is not over yet and investors will be reminded of
that shortly.
Tim du Toit is the editor of Eurosharelab.
Kindly note that this blog is published for information purposes and
is not investment advice. Please refer to our disclaimer.
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