Saturday, 5 November 2011

Euro fatigue

Hopefully, we might be entering a brief period of calm on eurozone matters following the frenzy of recent weeks. Then again.........

The problem is that there are so many issues:

  • The form and duration of the next Greek government
  • The ability of Italy to implement austerity measures
  • The ongoing problems in Portugal, Spain and Belgium
  • Bank liquidity
  • The inability to fund the SPV and ESEF
  • The role of the ECB
  • The role of the IMF
  • The structural deficiency of the eurozone, namely lack of fiscal and political union
  • The concern that there might be a two-tier EU
  • The concern that Germany, aided by France, are 'bullying' other countries
  • The position of the UK in the EU
  • The reaction of financial markets.
Below are links to pertinent articles.

http://www.telegraph.co.uk/finance/g20-summit/8868676/Britain-poised-to-provide-billions-for-new-rescue-package-as-euro-crisis-deepens.html
http://www.telegraph.co.uk/news/worldnews/europe/eu/8870248/The-European-Unions-journey-towards-ever-closer-union-has-screeched-to-a-halt.html
http://www.telegraph.co.uk/finance/financialcrisis/8871619/Greek-opposition-leader-calls-for-early-elections.html
http://www.spiegel.de/international/europe/0,1518,795900,00.html
http://www.dailymail.co.uk/debate/article-2057791/When-Empress-Europe-French-poodle-learn.html
http://www.bbc.co.uk/news/world-europe-15604169

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