Europe's Financial Crisis

Europe's Financial Crisis

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Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this short book, internationally respected Financial Times journalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting world and US economies. Authers explains why a strong recovery remains far away, why the risk of a disastrous qfinalq crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets. The European Financial Crisis reveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy qFedq money -- have proven so tenuous. Above all, Authers shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. This brief discussion offers insights into underlying flaws in the banking system and the Eurozone's structure that remain unaddressed; how cheap money and bailouts have bought time that is rapidly running out; and the increasingly frightening signs of qperverse synchronizationq: forex, equity, credit, and commodity markets massively moving in tandem. He also offers specific recommendations for what policymakers can and must do now to restore the long-term health of the global markets.Stock markets like Spaina#39;s have fallen below even their lowest levels from the postLehman crisis. The elevated level of U.S. stocks implies extreme confidence either that European investors have wildly exaggerated the risks or that Europea#39;s problems need not harm the ... Ultimately, it was the political news from Europe.

Title:Europe's Financial Crisis
Author:John Authers
Publisher:FT Press - 2012-11-04


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