Last year, many commentators and investors worried about deflation. They were looking the wrong way.
The EU summit on 4 February passed off with surprisingly little drama. The EU nations for once decided to avoid interesting public rows on the future of the euro.
The governor of the Bank of England has recently warned we in the UK are living through the longest and worst squeeze on real incomes any of us have ever witnessed.
On 2 May, members of the euro helped complete a large bailout for Greece. They did so to avoid a rolling crisis moving the problems on from Greece to other Euroland countries.
Many investment advisers tell their clients lending to governments is one of the safest things you can do.