It is perhaps no surprise then that the news seems to have been dominated by the ebb and flow of anxiety over things like: whether or not the “troika” will recommend further funding for Greece; whether a national constitutional court will strike down a government’s participation in initiatives that will assist other countries; or whether the populace in a country under pressure will reach the end of its tolerance for “austerity” – and so on.
There is “event risk” almost weekly. This is the European drama. Unfortunately, it is, I suspect, set to continue that way for quite some time. Over recent months financial market sentiment has improved, from despair to mere gloom, as a result of a number of important steps that have been taken and commitments that have been made.