Why You Shouldn't Trust Europe In One Simple Chart

Tyler Durden's picture

While China (or Russia) are held up as the world's most corrupt among developed nations among the status-quo-huggers, it would seem there are two other nations that dominate when it comes to getting caught. Europe paid more in fines  (in fact double the US and 10 times China) for price-fixing, bid-rigging, and other anti-trust abuses in 2013.


 

So why would we believe them that 'recovery' is right around the corner?

 

Chart: Goldman Sachs