With America on the edge of a fiscal cliff, Japan seemingly permanently paralysed, and China coping with a steeper than expected slowdown, he was asked where in the world there was any glimmer of economic hope.
“The eurozone,” he replied.
Well, he would say that, wouldn’t he? After all, he is the man who said a few months ago that he would do
anything and everything it takes to save the euro. But what is interesting is that he is not alone. Growing
numbers of hardbitten London-based fund managers and bankers have begun to say something very similar.
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