Статьи, помеченные тэгом ‘Michael Pettis’

Europe saved euro exchange rate, but what is the price?

Tuesday, May 11th, 2010

Is it true that Europe has made the impossible and got free cheese? And it looks that way, judging by the movement of stock markets, currencies and securities with fixed interest rates after the implementation of programs to save 750 billion euros. Investors breathed a sigh of relief, and shares soared upwards in all areas of the world after reporting a 20 percent increase in stock price of European financial companies, which is hard to believe.