SCOREBOARD: European void

Mixed news from Europe brought no hope to markets, while a global bank probe further dampened sentiment.

It was a big night for Europe. The EU summit kicked off and just before the games began, Germany’s finance minister came out and said that Germany may support some form of jointly guaranteed bond but that "we have to be sure that a common fiscal policy would be irreversible and well co-ordinated. There will be no jointly guaranteed bonds without a common fiscal policy.” This is a position that Angela Merkel has articulated as well, so the Germans have made it pretty clear. You want us to bail you out? We need some guarantees we’re not going to be called upon to do this ad nauseam. Fair enough and we’ll see what happens. The good news is that there is something to negotiate. Indeed, Germany indicated they may support further short-term measures to get Spain and Italy’s borrowing cost down – using the ESM and EFSF for the purpose.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles