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9 Sep 2013
Flash: Italy's Challenges Mount, EUR - BBH
FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at BBH Global Currency Strategy Team notes ‘those’ dragging on the EURO.
Key Quotes:
“One of our thematic points has been that Italy is emerging as arguably the weak link in EMU”.
“Italy faces two immediate challenges--one political and one financial--and neither is expected to be resolved immediately”.
“At best, together and separately risk the under performance of Italian assets”.
“At worst, a crisis in Italy could renew the broader tensions in the monetary union”.
Key Quotes:
“One of our thematic points has been that Italy is emerging as arguably the weak link in EMU”.
“Italy faces two immediate challenges--one political and one financial--and neither is expected to be resolved immediately”.
“At best, together and separately risk the under performance of Italian assets”.
“At worst, a crisis in Italy could renew the broader tensions in the monetary union”.