📄 Extracted Text (141 words)
'Figure 9: illustrative regression analysis
180% NIP as % of
GCP =08382
• ••• .•
130% •
• .• •t
•
• • .
80%
Preacted NIP:
32% —
Gap in current EMU
30% NIP
-20%
Current account as %of GDP
-120%
-10% -5% 5% ID% 15% 20%
Laitye D.asrhe Rank 14vor
(Figure 12: NIIP will not stabilize for years depending on size
of Euroglut
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George Saravelos
FX and Rates Strategy
Deutsche Bank AG. ramie London
Global Markets
Winchester Home, 1 Great Winchester Street. EC2N 208 London. United Kingdom
Tel.
Email
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0122890
CONFIDENTIAL SONY GM_00289074
EFTA01461071
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EFTA01461071
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