Market and views
Economic Overview - May 2010
The Eurozone
The whole Euro project came under enormous pressure during the last month as the Greek fiscal crisis reached its zenith, spilling over to other peripheral bond markets like Spain, Portugal and Ireland. Also the Euro came under extreme selling pressure as the Euro authorities procrastinated in taking the definitive action needed and Greek default/Euro breakup seemed very real risks. However, on Sunday May 9th the EU came up with a sizeable and far-reaching plan.... read more