Almost $6.3tn was erased from global stock markets this year as the eurozone financial crisis reverberated across the world in the latter half of 2011, calling into question the future of the world’s largest currency bloc."Worst performing currency.". OK then. That about sums it up.
Global stock market capitalisation dropped 12.1 per cent to $45.7tn according to Bloomberg data, while the euro ended the year as the worst performing major currency after finally starting to succumb to the continent’s financial and economic woes in December.
Friday, December 30, 2011
Cue the funeral dirge
For the Euro, that is, as is evidenced by this article in the Financial Times: