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4.0 -10.0 r. 26.0 Netherlands 25.0 Denmark r change -7.0 25.0 Austria (percentage points) -9.0- 25.0 -4.5 Finland 2000-2013 -7.0 24.5 United Kingdom si 2013 rate 23.0 Sweden 22.0 -6.0 Switzerland -3.7 21.1 Turkey -13.0 20.0 Chile 5 20.0 -40 -20 0 20 Source: OECD, Centre for Tax Po
2 297.6 MENA 684.5 963.2 15.5 15.9 162.9 LAC 1130.7 1375.5 11.4 145.1 1133.5 East Asia and Pacific 1974.3 1881.7 7.8 339.8 1286.6 Central Europe and Asia 1273.9 1509.9 10.7 73.8 1095.3 South Asia 375.9 60.7 16.7 40.3 461.8 Developing world 5889.5 6152.8 131.8 735.2 Sources: a
. And trust me, that is going to come to Europe. That is going to come to Central Europe, it's going to come to Western Europe, it's going to come to the United Kingdom. And so I think we are in a crisis of the underpinnings of capitalism, and on top of that we're now, I believe, at the beginning stages of a global w
Page: HOUSE_OVERSIGHT_029025 →to a "river of blood" if it comes in and tries to defend the city of Baghdad. And trust me, that is going to come to Europe. That is going to come to Central Europe, it's going to come to Western Europe, it's going to come to the United Kingdom. And so I think we are in a crisis of the underpinnings of capitalism
Page: HOUSE_OVERSIGHT_029025 →ope. That is going to come to Central Europe, it's going to come to HOUSE_OVERSIGHT_029046 --- PAGE BREAK --- Western Europe, it's going to come to the United Kingdom. And so I think we are in a crisis of the underpinnings of capitalism, and on top of that we're now, I believe, at the beginning stages of a global w
Page: HOUSE_OVERSIGHT_029047 →to a "river of blood" if it comes in and tries to defend the city of Baghdad. And trust me, that is going to come to Europe. That is going to come to Central Europe, it's going to come to HOUSE_OVERSIGHT_029046 --- PAGE BREAK --- Western Europe, it's going to come to the United Kingdom. And so I think we are in
Page: HOUSE_OVERSIGHT_029047 →ope. That is going to come to Central Europe, it's going to come to HOUSE_OVERSIGHT_029067 --- PAGE BREAK --- Western Europe, it's going to come to the United Kingdom. And so I think we are in a crisis of the underpinnings of capitalism, and on top of that we're now, I believe, at the beginning stages of a global w
Page: HOUSE_OVERSIGHT_029068 →to a "river of blood" if it comes in and tries to defend the city of Baghdad. And trust me, that is going to come to Europe. That is going to come to Central Europe, it's going to come to HOUSE_OVERSIGHT_029067 --- PAGE BREAK --- Western Europe, it's going to come to the United Kingdom. And so I think we are in
Page: HOUSE_OVERSIGHT_029068 →h.D Economist/Strategist Deutsche Bank AG, Filiale London Emerging Markets Research Winchester House, 1 Great Winchester Street, EC2N 2DB London, United Kingdo= This e-mail may contain confidential and/or privileged information. If you =re not the intended recipient (or have received this e-mail in error) p
89339 Another point to highlight from the financial fair v=lue metric, other than the cheapness of TRY and ZAR in particular, is the =esilience of Central Europe (HUF, CZK, PLN, RON). We have been highlightin= our bullish bias on the region (HUF and PIN in particular), and the financial fair value metric corr
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