Heterodox
by George Dorgan
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Summary:
Deutsche Bank's George Saravelos was one of the first to use the term "euro glut". He anticipated a massive capital outflow from Europe that countered the huge European current account surplus. The Euro glut also led to the end of the EUR/CHF peg. Reasons are missing investment opportunities in Europe despite the high savings rate.
Topics:
George Dorgan considers the following as important: capital outflows, Deutsche Bank, euroglut, Featured, George Saravelos, Monetary Policy, newsletter, savings glut
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Deutsche Bank's George Saravelos was one of the first to use the term "euro glut". He anticipated a massive capital outflow from Europe that countered the huge European current account surplus. The Euro glut also led to the end of the EUR/CHF peg. Reasons are missing investment opportunities in Europe despite the high savings rate.Deutsche Bank's George Saravelos was one of the first to use the term "euro glut". He anticipated a massive capital outflow from Europe that countered the huge European current account surplus. The Euro glut also led to the end of the EUR/CHF peg. Reasons are missing investment opportunities in Europe despite the high savings rate.
Topics:
George Dorgan considers the following as important: capital outflows, Deutsche Bank, euroglut, Featured, George Saravelos, Monetary Policy, newsletter, savings glut
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