December 19, 2012

Europe Will Bounce Back in 2013

Ruchir Sharma, Financial Times

AP Photo

Watching the crisis in Europe I cannot help but recall the drama that unfolded in Asia in 1997 and 1998. Fear of insolvency seized Bangkok and spread to Jakarta, Seoul and Kuala Lumpur, triggering fiery protests and chasing off investors. The total value of the Thai stock market fell to $30bn – less than Chrysler’s market capitalisation.

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TAGGED: Eurozone, Europe

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