...
Indices across Europe are sharply higher on Tuesday morning:
To a degree it’s understandable. The idea that Greece will be allowed to default on an orderly basis whilst the ECB makes sure there is plentiful liquidity for the European banking sector and a series plan to put a firewall round the likes of Italy and Spain is clearly a positive for equities.
But does anyone really believe the EU will be able to co-ordinate such a plan?
...
full
Indices across Europe are sharply higher on Tuesday morning:
To a degree it’s understandable. The idea that Greece will be allowed to default on an orderly basis whilst the ECB makes sure there is plentiful liquidity for the European banking sector and a series plan to put a firewall round the likes of Italy and Spain is clearly a positive for equities.
But does anyone really believe the EU will be able to co-ordinate such a plan?
...
full
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