Former Leader of the House of Commons William Hague predicts that the Greek debacle is only the start of a fiscal catastrophe across the Eurozone, and that Spain and Italy are next as Britain's economy flourishes. He likens Greece to a burnt out room in a burning building
Read moreDenmark's central bank has today refuted claims that it was to consider implementing capital control laws, however currency market interventions are likely to continue. Nordea Bank advised its clients to take head of Denmark’s Economic Council Hans Joergen Whitta-Jacobsen's comments with "a grain of salt"
Read more"As a result of current uncertainty surrounding the ongoing position of Greece in the euro zone, there is a chance of dislocation and highly illiquid conditions in the euro FX market" stated Barclays in a letter to clients of its BARX platform
Read moreSwiss National Bank Vice President Jean-Pierre Danthine has stated that if the currency peg on the Swiss franc had been maintained, the cost would have been 100 billion Swiss francs (73 billion pounds) to defend this month alone, and that the central bank is ready to intervene once again. Meanwhile the eurozone concerns continue, with £6 billion having been withdrawn from Greek banks since yesterday's election
Read more