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Much Of Southern Europe Is Insolvent

September 28th, 2020 · No Comments

  • Don’t take the recent euro strength at face value, it’s simply the result of US rates finally plunging to zero.
  • Behind the euro facade is the fact that much of Southern Europe is basically insolvent with the ECB underpinning their public finances as buyer of last resort.
  • Funny enough, this ECB buying will become much more difficult when the eurozone recovers.

Source: Much Of Southern Europe Is Insolvent | Seeking Alpha

Tags: Eurocrisis