Markets in Europe Remain Positive - 4th February 2015

Feb. 4, 2015 - PRLog -- Hexagon Capital Management is a privately held wealth management company that manages hundreds of client assets in a wide range of products and services with a non biased, client orientated program that is tailored to each individual or corporate requirement.

Markets in Europe Remain Positive - 4th February 2015

With Greece's economic situation being at the forefront of European leaders minds the local markets are particularly positive this week.

The initial reaction to the Greek plan to substitute bonds for debt met with a mixture of responses. In Germany the Chancellor was quite adamant that no switch would be acceptable as creditors had already written off vast portions of debt back in 2012. Leader in both Italy and Spain have looked to side with the Greeks as both their economies are facing similar problems and austerity is starting to be a political tool for change as opposed to a solution for debt.

The new far left government made a bold move in refusing further monies from the ECB and the IMF and this is leading many to wonder how the country will fund itself.

For any changes to the agreement made with the European Union and its terms on the loan would need to be agreed by all member states and this is seen as a massive stumbling block. The IMF will simply expect their cash to be returned as agreed and as it is one of the smaller contributors, this may be a possibility.

With over €315tn worth of debt and very little time to come up with a winning alternative repayment scheme, the new Greek government faces challenges its predecessors knew where coming, but had nothing to answer with.

Greece leaving the EU could be catastrophic for the region with Italy, Spain, Portugal and France all being in similar financial situations with growing populations not prepared to face the austerity measures being put in place in order to pull the Eurozone out of deflation and protect the Euro from further decline.

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Hexagon Capital Management. All market data within this release is for your general information and enjoys indicative status only. Hexagon Capital Management does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.