wiredinUSA November 2011

INDEX

#05 EDITOR

Hot on theheels of America sorting its financial woes – or at least reaching agreement on its debt ceiling – Europe’s financial power masters have done the same, sending a wave of relief not only across the continent, but US and Asia. On the day the deal was completed (Thursday, 27th October) stocks, futures and company shares shot in an upwards direction, reaching their highest point in the last three months. In a nutshell (it apparently took 90 meetings over ten hours to arrive at this point!) the European emergency bail-out fund has been quadrupled to €1 trillion ($1.4 trilliion) and half the Greek debt has been written off. Since 2009 the instability of the Euro has sent shockwaves across the globe, with American companies and economy feeling the uncertainty from the lack of faith in the European currency. Let us all hope that this is the start of the end for the doubts and allows companies worldwide to plan and prosper for a brighter 2012. David Bell Editor

wiredInUSA - November 2011

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