Euphoria rules

Euphoria rules

Written by: in: Economy

It’s again become impossible to know whether to laugh or cry. One day the markets react with disappointment to ECB President Draghi’s vague statements (despite his declaring unequivocally that there is the possibility of buying up government treasuries on the primary market) – the next day markets are bursting with euphoria when the Spanish premier […]

Things have just got worse … again

Things have just got worse … again

Written by: in: Economy

Last week saw in a whole raft of very disturbing news. Once again disaster was on everyone’s lips  while others said “I told you so”.  In the eye of the storm was the news that Sicily and Valencia needed bailouts and that the yield on 10 year Spanish bonds had risen to 7.75%.  Spain is […]

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