Private Foreign Investment Rises for Eurozone Periphery
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January 29, 2013 - 3:11am
Econintersect: Foreign investment in the crisis-hit Eurozone periphery (Spain, Italy, Portugal, Ireland and Greece) rose significantly in December. The Financial Times reports that nearly €100 billion ($133 billion) was invested by private parties from outside the region in the last month of the year. This is a significant amount of money: If that rate were annualized the investment amount would exceed the combined economic output of those countries according to calculations attributed to the Dutch bank ING (NYSE:ING) by the FT.
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