Today, the markets appear to be turning more optimistic about Europe's prospects for dealing with its financial woes. As you assess the sustainability of the market's move as well as the plausibility of the premise upon which it is based, consider weighing into the analytical mix the following two articles from the Peterson Institute for Internationl Economics.
Both articles shed some meaningful light on the dynamics involved in the European theater.
Anders Aslund: Why Internal Devaluation Is Advantageous http://bit.ly/Mdq0BH
Jacob Kirkegaard: Ireland's Endorsement of Austerity and Other Reasons for Euro Optimism http://bit.ly/KKLHZm
(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
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