11th November 2011
Greece appointed a new Prime Minister in Lucas Papademos yesterday in a bid to make vital changes to stop the esclation of the huge financial crisis. Mr Papademos was one of the founders of the Euro and served as Vice Prsident of the ECB from 2002 to 2010 so has plenty of experience.Questions do lie over whether Greece has gone to far to be rescued and its removal from the Eurozone is only a formality.
Growth of the world economy not just Europe will be a slow and laborous process but we need to separate the wheat from he chaff . The prephiery countries in Europe have for to long borrowed money they could not pay back, and Germany and France were happy to lend it. We are in a situation now were the PIIGS don’t get $200 for passing go and they don’t have a Get out of Jail Free card left. For to long there as been a acceptance and endosement of debt. The bankers are wanting there money back and the domino effect will be disastrous.
Posted By Andrew Johnston
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.