Greece’s economic crisis looks set to stumble on as its
European counterparts fail to offer any monetary support and its finance
minister refuses to acknowledge that it needs to implement further cuts.
Alistair Darling has also ruled Britain out of offering any monetary assistance.
Greece must raise £46.2bn this year to cover budget shortfalls and has set
out plans for dramatic cuts in benefits and higher taxes on fuel, alcohol and
tobacco to bring its deficit down from 12.7% to 3% by 2012. Any potential
bailout will put increased pressure on rescuing other debt-ridden countries such
as Portugal, Spain and Italy and on the euro.
The biggest threat of turmoil relates to uncertainties over the US November elections. The markets will have to seriously consider the possibility of Donald Trump being elected
As the British government starts the complex process of considering the form of the UK’s post-Brexit relationship with the European Union (EU), one issue will be foremost in the minds of exporters – tariffs
Anthony Harrington examines the actions trustees and sponsors of defined benifit pension schemes should take in response to Brexit
The abrupt swing - from gloom and despondency after the Brexit result became known, to a mood of complacency now - is premature and deceptive, writes David Kern