The focus might well be shifting from Greece to Berlusconi’s Italy. The old rascal seems determined to hang on to power and has assured the world that Italy’s finances are in good. Ahem… With Italian 10 year bond yields touching record highs of 6.71% it would be prudent to ignore what he says. If bond […]
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Last night Brussels released a 15 page document detailing an emergency three pronged plan to deal with the crisis. The three areas to be dealt with are: Greek Debt Bailout Fund Recapitalisation of the banks Bond holders of Greek debt i.e. the banks who hold Greek debt have agreed to accept a 50% cut […]
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Spent this morning at the Culloden Hotel attending a trio of investment seminars hosted by Schroders, JP Morgan and Blackrock. Some of the content would have lulled even my baby daughter to sleep but there was some good stuff in there. Vincent Devlin, who runs Blackrock’s Continental European and European Absolute Alpha funds, told us […]
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