The BBC has a great overview of competing European interests, demonstrating exactly how far they are from a deal. In my mind, this is half of the reason markets are going to punish European bonds soon. The other half is that the proposed deal is rubbish. It doesn’t fix the causes but tries to ban the symptoms.
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. View more posts