Smith & Williamson's Mark Pignatelli presents his three-point rescue plan.
The recent EU summit – the 19th in the long-running euro soap opera – was the first without Mr Sarkozy. Without him the tone has changed: not so much that Françoise Hollande has materially changed the agenda but more because Germany has finally come clean. The previous 18 summits were heralded with rather obtuse press releases that Germany and France would “do everything needed to save the euro”. Now, without the PR shield that Sarkozy offered we know where Germany stands on the big issues and Merkel is stubbornly vetoing the obvious policy actions needed for the euro to be a functioning...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
