2014-02-08www.spiegel.de

``In recent years, hundreds of billions was invested in the sovereign bonds of developing nations because returns in the established Western markets were comparatively weak. But last May, it took just a few words from then-Federal Reserve head Ben Bernanke to reverse the flow. He hinted that the US central bank could begin pumping less money into the financial system if the American recovery continued. A first wave of investors fleeing the developing world was the result.''


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