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You are browsing the archive for 2012 June.

Rain clouds gather as Europe’s crisis deepens

Jun 14, 2012 at 6:17 pm in Market Commentary by City Insider · Leave a Comment »

AND so the drama continues. Last weekend it was Spain’s turn to get an eye-watering bailout for its beleaguered banks – yet few of us here in the City believe the €100bn rescue will bring the eurozone debt crisis any closer to a resolution.

Can football save Portugal’s summer?

Jun 1, 2012 at 6:35 pm in Market Commentary by City Insider · Leave a Comment »

Barring Greece – where exit from the euro and a return to the drachma could ultimately be decided at a second election on June 17, I am told that speculation about a Spanish bailout and imminent action from the European Central Bank to prop up the eurozone’s banks is growing by the day.


Is it 2009 All Over Again?

at 2:40 pm in General Trading by · Leave a Comment »

I’ve heard several allusions to the fact that, economically at least, it’s the 1970s all over again. Judging from the plethora of charity shops, pawnbrokers, and the ‘we weigh your old rags and pay you cash’ clothes banks populating the high street…