Markets Fall _ Germany Tough
Published / Last Updated on 19/05/2010
Markets fall as Germany gets Tough
by Ashley Clark, Director
The German Chancellor Angela Merkel has again called for tougher regulation of banks and financial markets that leading nations must work together to show a ‘signal of strength’ by tightening fiscal rules.
The Chancellor announced she was worried that the Euro was ‘in danger’ if measures were not taken.
Our View: Eurozone countries with mainly tourist revenues are in danger of having spiralling debts, with Sterling being weak and property price falls. The stronger Euro nations will soon be tired of bailing out the weakest links and this could have a lasting effect of how Europe is run. Germany is right to call everyone together but it is not a lasting solution.
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