1. Whoshouldworryaboutgovernmentdebt? We have to look at Balance Sheets, not just gross amounts of debt. The attacks on the Euro from the US and even from the Islanders in the Union are frequent and malicious. What they are worried about is that the Euro will become the dominant currency in the world with the lowest cost of funding. And that may just happen before you know it.

3. TrondJohannessen Director Phimark BV +31 620 59 1015 trond@phimark.com