FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Euro under pressure as concerns return

The euro is today under enormous pressure amid concerns that the Greek bailout could well be a "one-off" with other bailouts potentially seeing creditors and banks sharing the pain. Amid signs that investors are fleeing to quality debt investments the two-year rate on German bonds fell to 0.71% which is actually below the European Central Bank's short-term rate of 1%. There is concern that the whole structure of the Eurozone is under threat and the Greek bailout may not be repeated if other countries fall into financial distress.

With the likes of Portugal, Spain and Ireland potentially on the verge of economic collapse there is concern that about who will save these economies in a worst-case scenario. There is no doubt that resistance from the French and German governments is increasing which is causing friction between other Eurozone members. The fact that the European Central Bank has waived its ratings requirement on Greek debt is also worrying investors around the world and putting more pressure on the market.

There is no doubt that the EU has mishandled the Greek debt debacle and the aftermath is very dangerous and could potentially blow a massive fall in the credibility of the Eurozone.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue