Europe hasn’t done enough, quickly enough

Europe hasn’t done enough, quickly enough to fix the immediate crisis. I don’t think they’ve really understood how close Italy and Spain, for example, are to having genuine run-away bond yields into the double digits and beyond.

Today is going to be ugly for the markets.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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