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Are Asian Savers Euro Saviours?

Published on Nov 29, 2011 by Luke Hunt

ASIAWATCH — As the Eurozone debt crisis spirals from one embattled bond market to the next, it is becoming clear we are likely heading into a double dip global recession. Whilst economic fundamentals of the United States may in fact be improving, investor pessimism is quickly spreading across the globe. The gloomy outlook has spread from Ireland and Portugal to Spain and Greece. Italy was the next to face the wrath of the bond markets, with Hungary the latest. The question has become – when will it be France? In this, the Asian Century, world leaders are turning to the emerging economies of the Far East as a potential saviour for the unfolding debt crises. Germany’s Chancellor Angela Merkel and....

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