Financial Foot In Mouth » eurozone

Tell That To Cyprus!

admin — Fri, 22 Mar 2013 16:58:05 +0000

Let`s hope that Mr Watson was correct when, just over four months ago, he thought that worries over an all-out default in Europe had finally disappeared, going on to say that; “the euro debt crisis is over, although the governance and unemployment/growth crisis has many years left to run.”

We`re All Doomed!

admin — Fri, 29 Jun 2012 11:17:21 +0000

Well, keep struggling Nick! Just over four weeks ago Mr Gartside had us all reaching for the pills and vodka when he pronounced that, “…a sustained period of heavy losses is just around the corner”. Telephone lines to the Samaritans were overwhelmed following his promises that the “black hole seems to be getting bigger” and “prices could yet fall a lot further as we enter the summer vacation season.”

It is to be hoped that his dash for cover didn`t miss too much of the subsequent June rally, where the eurozone came off its life support and even the double dip UK`s FTSE 100 managed to post almost a 5% gain.

World Economy Saved From Potential Meltdown

admin — Mon, 21 May 2012 10:05:49 +0000

The article went on to say that, according to the CEBR, the risk of a break-up of the eurozone and the implosion of the global banking system had receded, despite the continued weakness of the European economy. The CEBR had revised up its forecast for global growth from 2.5% to 2.8% and predicted a healthy 3.6% by 2015-16. Furthermore, it thought the chances of a eurozone break-up had fallen from 60% at the end of 2011 to less than one in three.

The “Sunday Times” interpreted this as adding to the growing optimism that the British economy could avoid a double-dip recession when figures for growth in the first quarter of the year were due to be released at the end of April 2012.

I want to live in the CEBR`s world economy, as the current one is far more depressing.