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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (4788)1/11/2004 4:13:20 PM
From: Haim R. Branisteanu  Read Replies (1) of 110194
 
German budget deficit is expected to be around EUR 40 billion, or $51 billion at current FX rates.

Germany is about 1/4 of the US and as such German budget deficit is around $200+ versus $375 billion of the US.

France has a slightly bigger budget deficit and Italy much more. Those 3 countries are 2/3 of EZ

My point is that there is no hiding in either currency in the near future.

Something has to give and the question is what ? and who
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