Woolnough: European actions could lead to investor exodus

M&G's Richard Woolnough discusses the market turbulence in Europe and why the developments could force investors to look elsewhere.

It appears that developments have moved on quite dramatically since my last blog on the market describing the political dynamics between governments and capitalist investors (insert speculators here!). There are a number of key points in the latest round of sparring that I think should be highlighted. Firstly, European governments have taken the kind of action speculators respect and can't ignore. European authorities shocked markets last week by announcing a huge €750bn bailout fund for the eurozone. Additionally, the European Central Bank said that it was ready to purchase eurozone ...