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eurozone

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America avoids the Fiscal Cliff, as Britain and Europe tumble over it.

America didn’t go over the fiscal cliff. That’s good news, right? Well, the stock market seemed to think so: the FTSE rose over 6,000 for the first time in eighteen months. And it was surely a good thing to see investors here, and in the rest of the world, celebrating an increase in taxes for … Continue reading

Only thing that really matters in 2013: is eurozone crisis over?

 On the morning of May 7th2012, Greek voters woke up to discover that they had effectively voted to leave the EU. A majority of the new  members of parliament were in parties that rejected the crippling terms of the latest EU £110bn bailout package. It looked like the beginning of the end for the 11 … Continue reading

Spanish debt crisis is a crisis for all of us.

     Capital Flight may sound like the name of a new budget airline – in fact it’s what happens when a country loses trust in itself. In the first three months of the year, Spaniards exported a total of e100 billion to London, Frankfurt, Paris – anywhere. The biggest flight of funds since records … Continue reading

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