Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
WILL THE GREEKS LOSE THIER MARBLES (AGAIN)? – Read the full article here!
There has been much hyperbole over the potential for Greece to be thrown out of the Euro single currency scheme. Let us leave aside the fact that they should never have been allowed to join in the first place and subsequently persuading weak minded politicians to allow Cyprus entrance as well; after all it seems pointless to resurrect such a work of fiction that was the financial description of the Greek economy at that time.
The result is a mess that we all know, but the question is now what to do about it. The fundamental flaws in the design of the Euro are still there and will continue to be until someone is able to force through the vital disciplines needed to run a single currency across multinational borders and economies. That will take a long time. I was reminded this week when looking at an old Confederate $5 bill of mine that of course the USA we know today had to go through something far worse to achieve a single currency. When thinking of that holocaust and conflagration, somehow the potential financial losses and write-offs make the management of Greek debt pale into some correct insignificance.
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