Posted on Tuesday, July 26th, 2011 at 8:21 am.
Euro – European Markets As was initially suggested, Greece in the short term has done its best to gain the help required to avoid a disorderly default. However, long term a default still looks more than likely. Rating’s agency Moody’s has backed this up by cutting Greece’s credit rating another three notches from Caa1 to [...] Read More...
Posted on Wednesday, July 13th, 2011 at 4:49 pm.
Mr Osborne the Chancellor issued a warning to ministers insisting that decisive action was needed to address the crisis in the Eurozone and prevent market uncertainty doing real damage to the world economy. Mr Osborne earlier this week met with other finance ministers in Brussels to discuss a second Greek aid package, but the Greek talks [...] Read More...
Posted on Thursday, July 7th, 2011 at 10:58 am.
As expected, the Eurozone is stealing the headlines today. European Central Bank President Jean-Claude Trichet has come under fire as he faces a double barrelled war. He has the on-going Greek debt crisis which is threatening to cripple the Eurozone. Whilst on the other hand the ECB is attempting to control price pressures. In the [...] Read More...
Posted on Tuesday, July 5th, 2011 at 11:30 am.
Martin Jacomb is the chairman of Share Plc and former director of the Bank of England. He stated that whilst the EU’s motives for rescuing Greece have been to prevent another banking crisis and to preserve the overall state of the euro, the policy will not work. Whilst there is no process in place allowing [...] Read More...