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Landmark’s Blog
Greek debt crisis?
Published on 17th May, 2010 at 11:24 by Eric Mowinski B.Sc.
Are UK markets more interested in the outcome of the election or the Greek debt crisis?
Pre and post the election, commentators and politicians have made great play of the fact that markets require a stable UK Government otherwise they will react poorly. Whilst this is true and the markets are interested in the UK’s proposals to reduce the deficit, overseas matters are more important.
In reality, all eyes are on the Greek crisis and the recent volatility in markets has been the reaction to the implications of these events.
We should be under no illusion that the problems for the European Union and developed western economies will lead to a revision in the world order as Dr. El-Erian CEO of Pimco noted in his recent newsletter “The Greek crisis has already morphed into a regional (Eurozone) shock. It now stands on the verge of morphing into a more global phenomenon”.
Posted under the following tags: indexcrisis, investment, election.
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Landmark Financial Planning is authorised and regulated by the Financial Services Authority. This report is based on information and opinion which are subject to change and for general information only. Do not act on this information without advice from your financial adviser. Accordingly neither Landmark Financial Planning Ltd, partner or employee will be liable in respect of any loss occasioned by any person as a result of such action or inaction.