Posts From June, 2012

Greece is the word.... 

Monday, June 18, 2012 3:09:00 PM Categories: Europe

on everyone's lips at the moment. After a long and drawn out election process the Greeks have shown support for its continued membership of the eurozone, with pro-austerity party New Democracy winning by a narrow margin and they will now attempt to form a coalition government. Leftist political party Syzira, which had been one of the most vociferous opponents of austerity measures, came second-placed.

The results have allayed fears of an imminent exit from the euro by Greece, with markets rising in early trading but falling back over the day to show little gain at the time of writing. This shows that doubts still remain about the state of many European banks so don't get that bunting and balloon set out again just yet.

As always, if you would like to discuss this further please get in touch.

The pain in Spain.... 

Wednesday, June 13, 2012 9:33:00 AM Categories: Europe

You have probably seen the news over the last few days that Spain's banks are to receive a bailout of up to 100 billion euros to help keep them away from insolvency. This has been welcomed by a market that is desperate for good news on the debt crisis. It comes in the same week as the re-run of the Greek election and the same month as an important EU Summit on 28-29 June. If Greece delivers a moderate government that accepts the bailout terms the rally may be prolonged but the more important event is whether the policy makers have the will to make bolder and more significant policy measures than has been evident in the Spanish bailout.

As always, if you have any concerns about this or would like to discuss it further please get in touch.

European concerns? 

Wednesday, June 06, 2012 11:20:00 AM Categories: Europe

There continues to be ongoing speculation about the future of the eurozone due to the problems in Greece and how this is spreading to areas such as Portugal, Spain and Italy. There have been reports in the last few days that Spain was seeking an immediate bailout from eurozone funds but this has been denied by Spain's economy minister.

Clearly this level of concern over Europe has had an effect on global stock markets, with the FTSE 100 dropping 6.8% in the month of May alone.

If you are concerned about this or wish to discuss your options please get in touch through the Contact Us tab at the top of the page.