Client login

EURO Falling (at last!)

The euro has dropped to its lowest rate against the dollar and pound in 16 months, as concerns continue over the health of Europe’s banks.

The euro fell as low as $1.2780 against the dollar and was at an 11-year low versus the yen. Against the pound, it fell to

The World Awaits

There is a crucial meeting on Friday. The meeting will determine the future path of the eurozone, the European Union as a whole and the world economy. The meeting is a summit of EU leaders and important decisions have to be made. It has been called the ‘last chance’ to solve the eurozone crisis, though these last chances are, in reality, rarely final (note: there have been at least four ‘final solutions’ to the crisis so far, through rescue packages and other negotiations).

Breaking up is hard to do

The Italian Prime Minister Silvio Berlusconi has announced his resignation, and he will step down as soon as parliament passes urgent budget reforms. He has also confirmed that he will not stand for re-election should early elections be held.

Time to change the record?

Writing this blog seems to have become something of a stuck record, always harping on about Greece and the eurozone but, if you listen, the tune is changing all the time.

The problems (and attempted solutions) facing Greece and the eurozone have rumbled on over the weekend. And the Greeks have woken up this morning waiting to find out who their new Prime Minister will be after George Papandreou