Ambrose Evans Pritchard is certainly consistent and it seems that this time he is taking his ‘facts’ directly from the source so there is less chance of him manipulating/massaging information to suit his case. That said, hearsay and chatter from the European banking world would seem to back up the claim that some mainly second-tier European banks will come under severe pressure next year if this recovery pace doesn’t sustain itself.
Another bearish Euro piece from AEP
Source: www.forexlive.com
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