From AICGS
''Why is the euro crisis different from all other sovereign debt crises?
The euro’s exchange rate has remained remarkably stable. The euro has
depreciated by only 7 percent versus the U.S. dollar since the start of
the crisis in 2010. This pales in comparison to the devastating
currency collapses of well over 50 percent experienced during sovereign
debt crises in Argentina, Brazil, East Asia, Mexico, and Russia.''
read more
No comments:
Post a Comment