The recent eurozone bailout plan offered some respite to volatile markets but commentators are not convinced it is a long-term resolution to the crisis
High debt levels Catherina du Toit, global financial analyst, Sanlam Investment Management We are very concerned about the high level of indebtedness in Europe (public and private) and the impact the required adjustments will have on growth. Also of grave concern to us is what, from the outside, seems to be a lack of political will to address the crisis once and for all. George Papandreou has announced that Greece will hold a confidence vote on the new Greek bailout package. If this fails, the current government fails. It is therefore uncertain whether Greece will receive the s...
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