The past couple of days have seen Greek debt take a bit of a battering. Spreads on Greek government bonds are the widest they have been since the inception of the Euro, and Greek 5yr CDS is wider by 100bps+ versus the beginning of the week. This seems to have been driven initially by nervousness around the anticipated bailout, with rumours that the Greeks are trying to renegotiate the deal tha…Read the article
With the latest Beckham injury hitting both the front and back pages of our national newspapers, the FIFA Football World Cup will soon rival talk of elections and budgets for headlines. We are about to be bombarded with messages from numerous corporations eager to use the tournament to expand their profile within the consumer psyche.
Apart from the usual car, razor and fast food companies vying…Read the article
A couple of weeks ago I went on an incredibly useful trip to Frankfurt, where I met with some key policy makers from the European Central Bank and the Bundesbank, and discussed a range of issues including the timing of exit strategies and rate hikes, the inflation outlook, and the state of the banking sector.
This video was recorded in early November, and it’s interesting that many of the thin…Read the article