Category: Currency Currents

Jim, are you talking your BRIC book?

Talk about talking your book! I read this in the Financial Times this morning:

“Jim O’Neil of Goldman Sachs says policy crisis in the eurozone is unlikely to be a source of global financial market contagion. ‘Nearly 70 per cent of the eurozone economy is made up of three countries—France, Germany and Italy—and unless sovereign debt crisis derails their economies, it is tough to see how the eurozone could weaken sufficiently.’”

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