jeudi 14 juin 2012
Not to me. But I can be wrong... Right now the most obvious risk to me is to see the German consumer as well as Business confidence indexes driven down by the debtors agitation and if it does, we'll have a problem.
Keeping in mind the last european running engine in the economy is Germany I mean among the largest economies, if for any reason it slows significantly or if the German consumer confidence index is driven down and it won't take much given how are considered the debtors, it will immediately translate into dreadful PIEEs numbers that could easily contaminate interest rates. If it does, there shouldn't be any mistake, if the common currency is seen by the German public as a potential threat for the German public finances health endangering the economy, the macro numbers will quickly translate that and the odds for Germany to leave the euro will significantly rise.
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