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Eurozone Stress Fractures – Déjà vu all over again

Banks - 27 April 2020

The eurozone members are squabbling among themselves (yet again) around the economic and financial fallout of coronavirus. South Africa is not alone in having disparities. The eurozone does too. These are economic (relative wealth) and fiscal (discipline versus laxity). And what is happening in the eurozone has lessons for South Africa currently when the coronavirus and the impact of government interventions is resulting in disruption and financial pain. Top trader Andrew Kinsey explains the backdrop to the situation and suggests opportunities that lie in the fixed income, derivatives and currency markets as a consequence of the yawning gap between richer northern European countries (particularly Germany and Holland) and the poorer south at this time of crisis, with asset market implications from the North-South rupture.

Insight: R45.00

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