The eurozone debt crisis explained

Yesterday, Stefan and Mike gave a teleconference discussing our views on the eurozone debt crisis. They cover some very interesting issues, such as the relationship between current account deficits and sovereign defaults/crises, the ECB’s ‘underwhelming’ response to the current crisis and the implications for the financial sector of the strong link between sovereigns and banks, as well as what all this means for corporate bond markets.

There are moments where the quality of the recording suffers, but bear with it, because they are only brief.

We hope you’ll find it interesting and thought provoking and of course if you have any questions, feel free to comment below.

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

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