What happened to the European financial crisis? Investors appear to be moving their funds from emerging markets–countries such as BRIC + Mexico, Korea, Turkey, and Indonesia that could account for a 46% share of global GDP:
Since the spring, investors have gradually been shifting away from emerging markets. The Financial Times is reporting now that American investors have put more money into European stocks than at any time since 1977.
Marketplace’s Stephen Beard joined host David Branaccio to discuss. He said this is another sign that the U.S. is becoming more confident about the Euro zone. But few believe the crisis is completely over.
“Greece needs a third bailout. That won’t go down well with German taxpayers. This crisis could easily flare up again in the fall,” he said.
Is Europe back?