Market Outlook June– Second Part: Strathclyde Associates
Market Outlook June 2010: “Strathclyde Associates, Korea”: The Greek situation remains in the
eye of the storm, and has led to the decision to downgrade its debt to “junk” status despite a
formal...
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Market Outlook June– Second Part: Strathclyde Associates
Market Outlook June 2010: “Strathclyde Associates, Korea”: The Greek situation remains in the
eye of the storm, and has led to the decision to downgrade its debt to “junk” status despite a
formal request for aid from the IMF and other member countries of the euro-zone to enable it to
refinance its maturing debt and avoid a default.
It is clear that the contagion is spreading to
other members of the euro-zone, and so investors have continued to switch funds from the bond
markets of the weaker countries and this has provided further support for the stronger markets.
A significant development has been the strength of the US market.
The latest developments in Greece have shown that the warning is fully justified.
Sovereign debt
defaults may still occur, and the single currency system in Europe may not survive in its present
form.
Market Outlook June 2010: “Strathclyde Associates, Korea”: If the Greek authorities can
implement th
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