recovery threatened by anti austerity brigade
With the unveiling of a newly-Socialist France and an indecisive Greece, investors might be feeling justified in having sold out of European equities in recent weeks.
With the unveiling of a newly-Socialist France and an indecisive Greece, investors might be feeling justified in having sold out of European equities in recent weeks.
The ‘sticking plaster’ provided by the ECB’s longer-term refinancing operation (LTRO) is hiding some stark truths, which Hermes’ Neil Williams aims to reveal with his ‘Misery Indices’.
The UK’s financial sector is at threat from the 23-member club created at the European Summit in the early hours of Friday morning, according to leading economists.
Bill Dinning admits that it won’t be easy, and that it will take time, but a fiscal union and a commonly issued eurozone bond is the only solution.
We are living the last few weeks of the euro as we know it, according to Guy de Blonay fund manager of the Jupiter Financial Opportunities Fund, who predicts December’s anniversary of the Maastricht Treaty to be a defining date in the eurozone debt crisis.
Once upon a time, in a kingdom not so far from here, there was a group of chums who thought it a great idea to strengthen their friendship through a shared currency.
If you close your ears to the constant bombardment of negative news from the eurozone, tough to do I know, there are actually some reasons for optimism starting to filter through investment circles.
The investment question du jour should be can you solve a debt crisis with more debt?”, says Bill Gross, managing director at PIMCO.
After 11 hour negotiations following months of conversations, a number of agreements have been reached to help reduce eurozone sovereign debt.
Rory Smith says optimism surrounding European progress towards a ‘grand plan’ to deal with the debt crisis is premature, and further tests are yet to come.
Stock markets rose today on the back of little being agreed at the Brussels summit so imagine what investors in Europe could see once a comprehensive plan to resolve Europe’s debt crisis is put in place.
European stock markets rose this morning on some news that not much had been agreed at the weekend’s summit in Brussels so imagine how markets could react when there is a full-blown plan in place.