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Contagion

There has been plenty happening in the news since I last posted. Silvio Berlusconi has stepped down as Prime Minister of Italy and has been replaced by economics minister Mario Monti. This follows Greece’s change a couple of weeks ago.

More recently, there have been fears over the debt situation in Spain which has itself just held a general election which

Crisis Averted?

The news this morning is full of praise for the deal which the eurozone leaders have hammered out overnight to deal with the debt problems. The purpose of the deal is to try and stop the Greek debt crisis spreading to larger eurozone economies like Italy and Spain.