Greece and falling stock markets

With the continuing uncertainty over the Greek debt crisis it is not surprising that the FTSE 100 is still falling. Until the uncertainty goes, I think we'll see further falls. At the very least expect markets to be erratic.

Swifts

One of the joys of an English summer is the sound of screaming swifts in the air. This is most common in May and June. The swifts are one of the first summer migrants to leave. It always seems a long time until they return again next spring. Usually the first ones arrive here by the end of April. Once, long ago, I found one on the ground. We kept it in a box overnight. The next morning it flew off as if nothing had happened. Swifts spend most of their time on the wing and if they do land on the ground it is not easy to take off again. I found this out much later. It was lovely to handle this scythe like bird.

See http://www.rspb.org.uk/discoverandenjoynature/discoverandlearn/birdguide/name/s/swift/ .

Greece - still in trouble?

International creditors are still not happy with proposals from Greece over their debt. Talks are continuing  but I think Greece will have to make further concessions or leave the Euro. Although deep in the mire now, they would be in dire trouble out of the Euro with no support from the ECB for their banks.

See http://www.bbc.co.uk/news/world-europe-33258624 .

Greece - market relief?

This may be just a blip but the FTSE 100 share index bounced back today on the news that Greece has been "saved" in the short-term, although they still have a massive debt to repay and Greece is in a real mess. As I see it, this is a temporary situation and Greece is still in deep trouble. The simple fact is that the Euro could simply fall apart if Greece defaults and Germany would be left with huge losses and they are desperate to avoid this.

No, the Euro is still in deep trouble. This crisis has a way to go yet. There is trouble ahead for sure.

Castle Trust - avoid?

The top of my Gmail seems to have regular ads for Castle Trust offering bonds with very good interest rates. I read somewhere that these funds are "dodgy" and you could end up losing capital. I have no idea whether true or not, but I shall be avoiding them.

Greece - a basket case?

Greece seems to be in a serious mess financially, although the EC seems desperate for the Euro to survive the current crisis. It would appear Greece became a member of the Euro club based on rather dubious figures. Tax avoidance and early retirement ages appear to be a way of life in Greece and this is anathema to countries like Germany. If Greece doesn't get kicked out of the Euro, they certainly need to change. We will see what happens. I expect we'll see yet another fudge and somehow Greece will survive, although it is not clear for how long. I'm very glad not to be Greek right now. Life there must be very hard, especially if you have no work.

UPDATE 1726z:  It sounds like Greece may be on the brink of a financial rescue. Time will tell.

Feedback forms

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