March Market Commentary
Category: Uncategorized
On Monday February 27th the German Bundestag approved the Greek bailout by 496 votes to 90. A few days earlier consent had finally been wrung from the Greek politicians, and the âŹ130bn bailout now looks to be in place. Is the Greek debt crisis â the constant theme running through this monthly review â over at last? You would be unwise to bet on it. The move is unpopular with the German electorate (who recognise that they are largely going to pay for it): unpopular in Greece (where the far left are making significant gains in opinion polls) â and still looked on sceptically by many market commentators. Expect to see the words âGreeceâ and âcrisisâ in future reviews.