European events continue to dominate the headlines as the debt crisis plaguing PIIGS countries such as Greece and Portugal remains the main worry for market participants. Although these highly indebted nations have managed to avoid a credit event, many are growing increasingly worried that a contagion is right around the corner, threatening to bring down a number of euro zone economies. In fact, yields on One Year Greek debt are now above 100% while French banks are preparing for a downgrade and German authorities are readying their financial system for a catastrophic default, suggesting that the worst is far from over in the currency bloc.Thanks to this focus on the PIIGS countries, the UK has managed to sneak by realtively unscathed. The nation had one of the higher budget deficits but was one of the first to implement austerity measures and as a result, is seeing weakness in its economy but a slightly improved budget situation going forward. Yet, the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Dust Has Yet To Settle Three ETFs To Watch This Week: XHB, EWQ, GTIP ETF Insider: Bullish On Equities Thursday’s ETF To Watch: CurrencyShares British Pound Trust (FXB) ETF Insider: Tread Lightly In Uncertain Times
European events continue to dominate the headlines as the debt crisis plaguing PIIGS countries such as Greece and Portugal remains the main worry for market participants. Although these highly indebted nations have managed to avoid a credit event, many are growing increasingly worried that a contagion is right around the corner, threatening to bring down a number of euro zone economies. In fact, yields on One Year Greek debt are now above 100% while French banks are preparing for a downgrade and German authorities are readying their financial system for a catastrophic default, suggesting that the worst is far from over in the currency bloc.Thanks to this focus on the PIIGS countries, the UK has managed to sneak by realtively unscathed. The nation had one of the higher budget deficits but was one of the first to implement austerity measures and as a result, is seeing weakness in its economy but a slightly improved budget situation going forward. Yet, the [...]
Click here to read the original article on ETFdb.com.
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