Im November zog "Teil zwei" der Euro-Krise die ansonsten günstige Entwicklung der großen Volkswirtschaften und der Finanzmärkte in Mitleidenschaft. Wenn die Anleger einmal Blut geleckt haben, verlangt es sie anscheinend nach immer neuen Opfern. In der Bankenkrise hat sich gezeigt, dass die Anleger die Realität nach ihren Vorstellungen formen können, solange sie nicht mit einem Gegner konfrontiert sind, der schlicht zu groß ist, um gegen ihn zu spekulieren. Letztendlich wurden die Banken von den Regierungen gerettet. Dieses Mal müssen die Regierungen selbst gerettet werden. Wie wird sich dies auf den Ausblick für die Finanzmärkte im Jahr 2011 auswirken?
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