Wednesday, 12 September 2012

Eurozone - 12th September 2012

Eurozone is in crisis again. A court in Germany is about to give it's discussion on whether to support bailouts in the Eurozone.

A constitutional court in Karlsruhe are more likely to give their verdict that certain rules will have to be out in place regarding future bailouts in the Eurozone.

Other things that may affect the UK is the suggestion that the European Commission will lay out it's plans today for the creating of a Eurozone banking union that may mean transfer of power from National bodies. This of course could seriously affect the UK banking world.

No comments:

Post a Comment