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Tag Archives: eurozone

Can Secession Succeed?

November 22, 2016

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The issue of regions looking for independence from their current nation states is in the news at the moment. From certain US states to Scotland and Catalonia the case is being made that they would be better to go it alone, but just how would this work out in practice, and how likely is it [...]

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Markets react to Greece news

May 17, 2016

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  In the aftermath of elections, Greece’s future as a member of the Eurozone looks doomed. Greece’s place as a member of the euro club hinged on the country sticking with stringent austerity measures. Although no overall victor emerged from the election, the mainstream parties that had supported austerity were punished. It is possible that [...]

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What Eurozone Policy Will Mean For Financial Planning

February 27, 2016

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  Even if you fail to understand exactly what is going on, the crisis in the eurozone is never far from the news at the moment. It is worthwhile to dig a little deeper into the issues, and consider how they will likely affect the financial landscape in the wider world over the coming months. [...]

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Acropolis Now! Greek Austerity Plan Sparks Riots

February 13, 2016

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Portions of Athens’ city centre are now in ruins after rioters burnt down historic buildings and vandalised shops in protest over planned austerity measures. After days of fierce debate, the Greek Parliament voted to approve the austerity package Monday morning, in return for a 130bn euro bailout from the EU and the IMF. Over the [...]

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UK Economy Will Suffer 2016 Downturn

December 12, 2015

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The UK economy is going to suffer a more severe economic downturn in 2016 than previously predicted. Experts had predicted growth of 0.6% in the coming year but now econmomists at Standard Chartered bank say that the economy will in fact contract by 1.3%. However, other institutions say that Standard Chartered’s prediction is at the [...]

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The Eurozone Crisis: Timeline

December 2, 2015

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Unless you have been living in a cave the past few months, you will know that there are a number of countries in the Eurozone who are struggling to pay back huge debts they have: the Eurozone crisis.

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Berlusconi resigns as Italian debt crisis worsens

November 10, 2015

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This week we saw Italy’s borrowing costs rise steeply with concerns that the country can service its debts. Unlike Greece, Italy’s problem is one of liquidity, not solvency.

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IMF rescue plan fails to soothe markets

September 26, 2015

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The International Monetary Fund (IMF) has revealed a large and ambitious plan to rescue the fledging Eurozone. However, investors remain unconvinced as markets continue to tumble in early trading.

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Markets continue to wobble as ECB buys out government debt

August 8, 2015

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After Friday’s bloodbath, confidence in the markets continues to falter as unsteady trading continues today.

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Euro leaders agree €109bn bailout for Greece

July 23, 2015

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Yesterday Eurozone leaders met at an emergency summit in Brussels and agreed a further €109 billion (£96.3bn) rescue package for Greece along with a lower interest rate and more time to pay it off. Greece’s total debt currently stands at €350bn and without yesterday’s deal many economists feared that Greece would have had to default [...]

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