great to see markets up but!!!17 Feb 2016 23:24
Im cautiously optimistic we may get back to the 475p trading level, but my biggest reservation is, and has always been the risk to European exposure.
As was said 2 or 3 years ago by the then company head, our European exposure was very high but the rewards if PIGs do not default would be much greater than our competitors.
I see nothing much different in Greece now to then, austerity, yes, a cut in public sector pay, yes, a cut in public projects spending , yes,a reduction in pensions, yes, but alas no increase in productivity so a therefore a huge reduction in the quality of public services and thus an increase in animosity towards EUROPEAN intervention which is re affirming the culture of tax evasion. Greece will need more help.