Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

In Europe, an ‘Argentinean Re-Run’: Fund Manager

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Catherine Boyle
CNBC.com
July 6, 2011

The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s, Andy Brough, co-head of Schroders’ Pan European Small and Mid Cap team, told CNBC Wednesday.

“I get the feeling we’re having an Argentinean re-run,” Brough said. “In Europe, they’ve tried everything to sustain the system but it’s unsustainable.”

Argentina, together with the region’s largest country Brazil and with Uruguay, suffered a sustained economic crisis last decade after building up a huge debt pile.

Argentina in particular continued to borrow heavily from the International Monetary Fund (IMF) without repaying its debts.

Full article here

In Europe, an Argentinean Re Run: Fund Manager  030511banner3

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

This article was posted: Wednesday, July 6, 2011 at 3:39 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About the Michael Brown Shooting See the rest on the Alex Jones YouTube channel.

Cop: Get a Gun, We Can't Protect You From Ferguson Violence See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.