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Here we go again: will they? wont they?, a “Grexit” on the cards again? as is a default to the IMF and EU amongst others? Is this ever going to be resolved? Which other EU countries will be affected?
All this creates is uncertainty and increasing volatility, good for traders but not so good for companies, governments and individuals. This makes it all the more important to identify and manage your exposures and risks.
It still rumbles on, the austerity required by the EU and the anti-austerity Greek government are at loggerheads again, or should I say still. Greece needs to unlock the bailout funds and EU is holding firm on its austerity conditions. Is this ever going to be resolved? You have to think that at some stage somebody will have to moderate and accede in order to make progress. It feels like a very high stakes game of poker, waiting for the first player to fold!
US retail sales have provided a timely indication of the US economy’s strength, as they show the largest gain in a year. The ECB should be encouraged by signs of euro area revival, although Greece uncertainty persists and the risks are on the downside, which should prompt all companies to regularly review and manage their exposures.
Solutions Edge 