Woodford: I would not rule out a re-run of eurozone crisis

clock

Neil Woodford has told Hargreaves Lansdown's head of research, Mark Dampier, he is wary of a re-run of the eurozone crisis which began in late 2009 and battered stocks across the continent.

Following a recent meeting with Invesco Perpetual's departing income star, Dampier said Woodford is concerned there are several unresolved aspects to the region's banking crisis, and he warned it could rear its head once more this year. Woodford (pictured) said the effects of quantitative easing (QE) are now diminishing, noting that, despite the multi-billion dollar programmes carried out by central banks, many issues remain unsolved. "Woodford does not rule out the possibility of a re-run of the eurozone crisis, as he believes the banking crisis has largely been swept under the carpe...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot