Torskefiskkonferansen 2011 - Eirik Larsen

Torskefiskkonferansen 2011 - Eirik Larsen

  1. Norwegian Seafood Council
    Torskefiskkonferansen 2011 - Eirik Larsen
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    Torskefiskkonferansen 2011 - Eirik Larsen
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    • 1. Økonomiske utsikterDnB NOR MarketsPresentasjon på: Torskefiskkonferansen 2011Av: Senioranalytiker Eirik LarsenTromsø, 27. oktober 2011
    • 2. Nye tider:Finanskrisen versjon 2.0…?eirik.larsen@dnbnor.no 2
    • 3. Også vi i meglerbransjen merker tøffere tider… Før: Nå:eirik.larsen@dnbnor.no 3
    • 4. Prolog “You can always count on Americans to do the right thing… - after theyve tried everything else.” Winston Churchilleirik.larsen@dnbnor.no 4
    • 5. Problemets kjerne…?Mange gir tilsynelatende handlingslammede politikere skylden Vil – men får det ikke til Får det til – men vil ikke Vil mye – av andre Vil bare …*****(sensur)eirik.larsen@dnbnor.no 5
    • 6. Ikke bare vi ser konturene av noe "farlig" Leder i Finansavisen 16. august 2011SPIEGEL: Are you talking about the Germans? Many experts think Chancellor Angela Merkel has been particularly hesitant to address the euro crisis.Soros: Yes. The future of the euro depends on Germany. This is the point I really want to drive home. Germany is in the drivers seat because it is the largest country in Europe with the best credit rating and a chronic surplus. In a crisis, the creditor always calls the shots. Sure, this is not a position Germany or Chancellor Merkel ever desired and they are understandably reluctant to embrace it. But the fact is that Germans are now in the position of dictating to Europe what the solution to the euro crisis is.SPIEGEL: Why should Berlin embrace that idea?Soros: There is simply no alternative. If the euro were to break up, it would cause a banking crisis that would be totally outside the control of the financial authorities. So it would push not only Germany, not only Europe, but also the whole world into conditions very reminiscent of the Great Depression in the 1930s, which was also caused by a banking crisis that was out of control.eirik.larsen@dnbnor.no 6
    • 7. De siste fire månedene …ble mer utfordrende enn vi så for oss på vårparten!Euro-krise budsjettkrisevalutakrise markedskrise eirik.larsen@dnbnor.no 7
    • 8. Hvem skulle trodd…?eirik.larsen@dnbnor.no 8
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