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The EU "core" gets reduced as Citi's Jorgen Michels removes the Netherlands from the group of...
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Monday, March 26, 2012, 7:14 AM ETThe EU "core" gets reduced as Citi's Jorgen Michels removes the Netherlands from the group of rock-solid credits. While the government has just a 66% debt/GDP ratio (vs. 88% EU average), the nation's highly leveraged consumers are sucking wind from tight financial conditions and Dutch banks are increasingly reliant on ECB liquidity. EWN +10% YTD.
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