Belfast Telegraph

Tuesday 4 August 2015

Hold on for more tough times in the eurozone

By David Elliot

Published 25/07/2012 | 08:00

When it comes to the eurozone the only thing that seems to be certain is that nothing is certain.

Just when the headlines had died down about the so-called PIGIS and we were enjoying a bit of crisis respite we seem to be back on the brink of financial meltdown.

Greece in particular seems to be braced for a telling off from the Troika as they arrive in Athens to inspect the coffers and by all accounts it's not going to find much to warm EU hearts.

Meanwhile, the money markets are treating Spain with the sort of disdain they normally reserve for junk bonds and forcing it to pay above the magic 7% interest rate figure to borrow money.

Stock markets are nervy and the next few days will be telling with opinions split on where we go next.

Strap on the seat belt because it could be a bumpy ride...

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