Wyn Thomas - Axys Investment Management

Weekly Market Update 26th June 2015

LAST CHANCE FOR GREECE

Last week we wrote that Greek banks were at five minutes to midnight and that by this time next week things should be much clearer. Yet astonishingly, although perhaps nothing should surprise us anymore, there is still no sign of a deal on the horizon. If last week we were at five minutes to midnight, you would need an atomic clock this week to measure the nanoseconds left. Presumably each side is still confident that the other will blink first, yet if no one does, the result for those who don’t have well paid public sector jobs with generous pension schemes could be disastrous. Read More…..