German Chancellor Angela Merkel is determined to keep the Euro from failing and is showing strong optimism.
Changes in the leadership of Italy and Greece give some cause for optimism, but these positives are under threat by continued fears of a credit downgrade for France.
It has a AAA rating allowing it to borrow money from the markets more cheaply than most other countries.
Overall, the last week in Europe has shown some positives and this is discussed by IRG BOP's Jonathan York in this week's market video update.
1 comment
Dominos about to fall
Posted on 16-11-2011 19:52 | By Hebegeebies
The West cannot stand on its own feet it is a pack of cards waiting to fall. All Europe and Pacific Rim lives way beyond its means including NZ hence the rapid spiralling up of the national debts.
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