Market fluctuations point to insecure economic recovery

Prudential Portfolio Management Group's Andy Brown believes it is not too late to contain the contagion threatened by Greece's default.

The amount of coverage given to the European sovereign debt situation and the impact on investor sentiment should not be surprising. We have seen a second Greek bailout in July to be followed by Spanish and Italian yields on government bonds reaching a eurozone area high in August.   Investors’ concerns are reflected by the movements in bond markets with the US and Japan seeing borrowing costs fall and UK gilt yields hitting record lows. Market fluctuations and the influence of continuous reports about potential default should leave people in no doubt global economic recovery is fa...