Spreadex Market Update
22.05.12 Tuesday Morning
Stimulus is the other matter on which bulls are earnestly awaiting to hear some affirmed action, either from Europe or China, in order to reclaim back some value in their portfolios.
Europe has got to the point where throwing more money at this crisis isn’t going to help because it is likely that Greek anti-austerity party Syriza are going to clinch victory in the re-election on the 17th June.
That’s why some investors believe the only way to solve the problem and save the euro in its current form is to issue eurobonds.
Although this is a massive conflict of interest for Merkel as any pro-euro bond stance will undoubtedly scupper her chances of retaining power in the next elections.
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