Greece once again close to d...

March 07, 2012

It appears as though once again Greece is on the precipice of defaulting on international loans as less than half of the country’s creditors voted in favour of a £172 billion bond swap. Along with...

Fitch to announce eurozone r...

January 10, 2012

Fitch has announced that by month’s end they would release “ratings watch negative” on six eurozone countries which include Ireland, Spain, Italy, Belgium, Cyprus and Slovenia. Each of these cou...

Banks hoarding ECB cash caus...

December 31, 2011

There are actually two things to be concerned with in the recent news about the Euro (single currency) hitting a decline which is the lowest in 11 months against the US dollar and the Japanese yen, th...

Shrinking UK services sector...

December 24, 2011

In the latest round of official figures to be released, Britain’s services sector is shrinking which is giving financial analysts greater fears that the country is quickly heading towards a double d...

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