EIM Member States - April 2014
08 May 2014
More evidence has come from the City that 'Brexit' would be very damaging to the UK – and also to the EU. Positive developments in Spain, Portugal, Greece and Cyprus.
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More evidence had come from the City that 'Brexit' would be very damaging to the UK – and also to the EU.
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The new French Government’s hints about taking longer to control its budget deficit immediately ran into trouble from Europe – underlining concerns about France’s policies.
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In contrast, Spain received warm words from the Commission, ECB and OECD.
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Similarly, Portugal was praised – cautiously - as it issued ten year bonds in the open market and prepared for a clean programme exit.
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Greece issued five-year bonds amidst recognition of the huge steps already made but the rise of political extremism is a cause for concern.
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Cyprus seems to be well on track with its programme.
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© Graham Bishop