Euro Crisis

August 1st US treasury secretary Timothy Geithner has argued that Europe has the means and commitment necessary to resolve the continuing euro debt crisis. August 2nd The average yield on 10-year Spanish bonds has risen to 6.65%, a 0.22% from a bond sale in July. In addition to a yield increase demand for the bonds […]

Italian Prime Minister Mario Monti has flown to Berlin to meet with German Chancellor Angelia Merkel before a new sale of Italian debt to discuss the current state of the Eurozone crisis. Mr Monti is expected to call for the German government to support the recent European Central Bank plan to bring both Spain and […]

The Japanese government yesterday lowered its assessment on the domestic economy – hard evidence it is the latest big economy to feel the fall out from the European debt crisis. Official figures showed China’s slow down was also shown to be sharper than expected. Meanwhile, European Central Bank (ECB) member Jorg Asmussen made a speech last night in which he […]

The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]

Federal Reserve meeting minutes released yesterday confirmed the US government would step in to provide more stimulus measures if required, bouying markets during the afternoon. PMI services from the euro zone disappointed however,  with the ongoing European debt crisis to blame.   Meanwhile, the future of troubled Greece – seeking an extension of its bailout conditions – was...

I have warned so many times that China is set for a hard landing in the second half of 2012 that if you have ignored my numerous articles then there is probably no helping you at any stage. But I shall try again and I shall be brief. That is a pun. I am talking underpants here. […]

Finland’s foreign minister Erkki Tuomioja has caused waves by suggesting the nordic nation is preparing for a eurozone breakup. His comments forced Finland’s government to release a statement asserting Tuomioja’s views were his own and that Finland was “100 %” in support of the single currency. Yesterday, Angela Merkel voiced support for ECB president Mario...

“What a tangled web we weave, when first we practice to deceive.” Was there a banking scandal in Sir Walter Scott’s day, or did he foresee one coming?  Whatever, the answer, he sure got it right.  The banking world is a mess.  It seems like Barclays has been in the headlines more often in the […]

The Greek government is to ask for the country’s debt reform plan to be relaxed during meetings with the French President Francois Hollande and the German Chancellor Angela Merkel. According to documents obtained by the Financial Time it is expected that the Greek government will request a two-year delay with an additional cost of 20bn […]

The eurozone economy is now 0.4pc smaller than it was a year ago, whist the region contracted 0.2 pc in the second quarter, eurozone GDP figures released this morning show. Weak household consumption across the region (Germany excepted) and slower investment plans are to blame, according to analysts. In other euro crisis news, there are concerns […]