Germany’s economic momentum has faltered; the green shoots are wilting; and combining real economic weakness with the Europe-wide deposit outflows (hurting the ‘financial’ economy), Europe is back in the crosshairs.
March 30th, 2013
Europe’s Last Green Shoot Is Wilting
Germany, it seems, has had enough with its taxpayers implicitly bearing the burden of the rest of Europe’s profligacy as the final solution chosen for Cyprus clearly shows (especially in light of pending German elections). But with all that ‘stabilitee’ based on one nation’s shoulders, the following chart suggests Europe’s Atlas is about to shrug….