Monday, April 27, 2009

European Exports

Interesting analysis at Zero Hedge making the case that the Euro may have more room to go on the downside. Along with some data on the level of leverage many of these countries have built up, Tyler details the reliance Europe has exporting to the UK and US (and lack of a large exposure to China and OPEC nations), both of which are facing their own own struggles.

And the associated cliff dive...

Source: Zero Hedge

1 comment:

  1. I'm missing a reference to the amount of trade in relation to GDP - i have a feeling it should be in the low 10%, so even if foreign trade from Euroland to the rest of the world is weak, what matters more is trade within Euroland (which is also weak, but is not being considered here).