Sunday 19 December 2010

Will the Euro go down in flames?

Daily Mail
"Even a £635bn safety fund has failed to silence alarm bells over currency crisis spreading to Britain - so can anyone stop the Euro going down in flames?.....Politicians in Europe seem incapable of damping down the flames. An EU summit late last week agreed to establish a permanent £635bn fund to deal with any euro crisis from 2013 onwards. Kapilan Pillai, financial analyst at boutique investment bank Matrix, said: 'If Portugal goes over after what's already been committed to Greece and Ireland, then the £635bn fund will not be big enough to bail out Spain.'

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