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One thought on “Portfolio 010 – Euro: Austerity, Breakup or Devaluation?”
Ambrose Evans-Pritchard notes in this article in Telegraph that Italy may not suffer a large balance sheet effect if it exits the Euro. The balance sheet effect becomes a burden when a large external Euro debt needs to be serviced with a devalued national currency.
Ambrose Evans-Pritchard notes in this article in Telegraph that Italy may not suffer a large balance sheet effect if it exits the Euro. The balance sheet effect becomes a burden when a large external Euro debt needs to be serviced with a devalued national currency.