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Tuesday, 9 June 2015

FTSE 100 share index

The FTSE 100 share index has fallen back quite a bit from its recent highs. I am not too surprised. Greece is still filled with uncertainty and we, in the UK, have an EU referendum coming up, probably next year, the outcome of which is far from certain.   Personally I think Greece will default and eventually leave the Eurozone.  Greece is not a good place to be currently. The UK referendum is bound to create a climate of uncertainty. Markets like stability.

I hope we, in the UK, vote to stay in the EU, but that some of its ways are changed. It does seem bogged down with rules that work against an open market, which is really what we joined in 1975. Some of our population issues are of our own making due to our relatively good economy, but I still feel we, the UK, should have the last word on who can stay and work here, not the bureaucrats in Brussels.  At the moment, the EU seems to have the last word.

If we do not want a federal Europe that is our decision. We have always been "on the edge" of Europe both politically and geographically and I hope this continues. Yes to a common EU market, but no to the UK in the Euro and a federal Europe. Fine for those that want it.  Actually the whole EU would benefit from some reform. In many countries the pressure is building and the politicians need to listen to the voice of the people.

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