World Financial Markets in 2012 by George G. Blakey

Author:George G. Blakey [Blakey, George G.]
Language: eng
Format: epub
Tags: Business & Finance, Finance & Investing, Investments & Securities, Nonfiction, History
ISBN: 9780857192936
Publisher: Harriman House
Published: 2013-02-25T05:00:00+00:00

Running out of road

Things were looking black on every front as trading began in the first full week of June. London was just a bystander as a result of the double Bank Holiday Jubilee and would have to play catch-up when it re-opened on 6 June. In the event, after initial falls in reaction to a euro zone crisis apparently as far as ever from resolution, markets steadied in the hope and expectation that the ECB and perhaps even the IMF would transform the situation by some new financial sleight of hand despite all such half measures having so obviously failed over the past two and a half years.

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