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The riddle of Europe’s single currency with many values

Posted on 15 April 2013

A European Central Bank survey shows that households in northern Europe have a much lower net wealth than those in southern Europe. Average German net assets per household are just under €200,000, while they are €300,000 in Spain and €670,000 in Cyprus. No, this not a typo.
German newspapers screamed that poor Germans are bailing out rich Cypriots. This interpretation is wrong but the truth behind these counter-intuitive findings is even more disturbing………………………………………..Full Article: Source


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VRS - who has written 47920 posts on Opalesque Commodities Briefing.


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