Why You Shouldn't Trust Europe In One Simple Chart

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.*

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

 

Chart: Goldman Sachs Reported by Zero Hedge 4 minutes ago.