With Europe in the middle of a financial earthquake, there is nowhere to hide from the aftershocks.
As Agustín Carstens, Mexico’s central bank governor, told the FT on Tuesday: “We have reached a point where this is very important for all the global economy . . . We can’t say any longer that emerging markets are decoupled . . .
Even very strong emerging markets will suffer if Europe isn’t stabilised very soon.”
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