Jim O’Neill spoke to Bloomberg in London this morning (New York time), highlighting how euro-bearishness is well overblown.
He points out, for example, how it’s a sign of extreme bearishness right now how people are talking so openly about the euro reaching parity with the dollar, which would require a massive 20%+ move.
He also highlights that in the end, Europe doesn’t really matter than much when compared to the U.S., China, India, and other nations which are driving global growth.
0:45 “In our numbers there’s not one single euro area country in the top 10 contributors to global growth.”
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