Category Archives: Greek Financial Crisis

After the “shock and awe” aid package of the euro zone last Sunday night/Monday morning was announced we saw rallies in quite a few markets. Equity markets around the world surged on Monday and posted quite considerable gains, the Euro … Read More

After looking at the rather extraordinary announcements from euro zone ministers and the Managing Director of the International Monetary Fund yesterday it was quite clear that Monday 10th May was going to be an important day in the history of the … Read More

Tonight has seen the announcement of a very large fiscal package by the European Union. At this stage there are not full details given in the Press Conference but what we have been told is  that a European Stabilisation Fund … Read More

I have just been watching the Press Conference at the end of the European Central Bank’s meeting today and deliberately delayed my update on Europe to after it. Why? Because this was a particularly significant meeting surrounded by rumour and … Read More

After reviewing the recent aid package for Greece announced by the euro zone on Sunday in my articles on Monday and Tuesday it became clear to me that it was a short-term palliative rather than a cure for Greece’s problems which are much … Read More

Having had some more time to consider the implications both now and in the future of the aid package announced by the euro zone and the International Monetary Fund on Sunday May 2nd I feel that there is more to … Read More

Yesterday Sunday the 2nd of May saw some significant changes in the likely financial future of Greece and by implication also the euro zone and the International Monetary Fund (IMF). I rather suspect that these matters will be debated for some … Read More

After asking for more clarity on plans for cutting the UK’s fiscal deficit from the three men who would be our Prime Minister in their televised debate yesterday I hoped for it but in all honesty did not expect it. … Read More

After the action of the previous days one might reasonably think that we were due a quieter day yesterday. Well so much for reason! It turned out that Tuesday the 27th April was the day where contagion fears in the … Read More

Yesterday saw yet another ratcheting up of the Greece crisis on both the market and the political level. I feel that it is one of the most revealing aspects of this crisis in that what politicians consider to be a … Read More