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Telephone briefing for Chinese Global Public Investors

Thu 10 Sep 2015

David Marsh, Managing Director, OMFIF
David Marsh, Managing Director, OMFIF

Telephone briefing

Mounting political resistance in debtor nations, austerity policies and high unemployment, juxtaposed with impatience in creditor countries has made Europe central to some of the world’s biggest creditor‐debtor imbalances. This is a totally different outcome compared with that envisaged when monetary union was formed in 1999. This inequity remains one of the biggest impediments to the world economy at a time of doubts over the timing of US interest rate increases and the slowdown in China.