Capital continues to leave worse-off Euro countries on worries

myp · Dec 9, 2011

A lot of money is being moved to Germany as a result of the PIIGS fiscal issues. The Bundesbank recorded $11.3 billion euros in non-bank inflows in September contributing to a 700 million positive inflow in September. That is compared to a negative 47.3 billion euros in August. That is tremendous.

Just goes to show you a Euro in Germany isn't the same as a Euro in Greece.

http://www.bloomberg.com/news/2011-...-germany-to-protect-against-breakup-risk.html

DodgeFB · Dec 9, 2011

myp said:
A lot of money is being moved to Germany as a result of the PIIGS fiscal issues. The Bundesbank recorded $11.3 billion euros in non-bank inflows in September contributing to a 700 million positive inflow in September. That is compared to a negative 47.3 billion euros in August. That is tremendous.

Just goes to show you a Euro in Germany isn't the same as a Euro in Greece.

http://www.bloomberg.com/news/2011-...-germany-to-protect-against-breakup-risk.html

I admit to not knowing a lot about how this Euro game is played. But it seems to me the European Union is going to have a very different look in the future.

Capital continues to leave worse-off Euro countries on worries

myp

DodgeFB