Salient to Investors:

Gary Cohn at Goldman Sachs says:

  • There is a small probability that the euro area will stick together, and it’s more likely that some countries will exit to pursue growth.
  • The ECB program hasn’t addressed the lack of growth – Europe still needs a “Lehman moment”.  
  • Southern Europe has no ability to grow the economy with the fixed exchange-rate environment they’re in.
  • Greece may be better off outside the euro.
  • The US Fed may struggle to end QE, when we will have to go through the pains of stopping.

Read the full article at http://www.bloomberg.com/news/2012-10-11/goldman-s-cohn-sees-small-chance-euro-area-will-stick-together.html

On October 11, 2012   /   Europe Economy, Goldman Sachs, Greece Economy, US Economy