(em português abaixo)
Surfing the huge wave of cross-border financial flows has been great business, provided you didn't drown. And, in the era of free capital flows, the "hot money" that floods in cans easily flood out even faster, leaving an economy wrecked from the contraction of credit in its wake.
We now know that the huge capital flows shown here from a McKinsey study were anything but "free",. The very costly invoice has arrived and, as usual, it's being paid by those who can least afford it.
Eurozone crisis tests the Limits of Divergence http://ppplusofonia.blogspot.pt/2011/12/eurozone-crisis-tests-limits-of.html