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The EU "core" gets reduced as Citi's Jorgen Michels removes the Netherlands from the group of...

The 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.
Comments (1)
  • Bingo. Another problem for Europe on the horizon.
    26 Mar 2012, 12:51 PM Reply Like
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