Greece is a Growing Concern for the Eurozone

Yanis Varoufakis Greece’s new finance minister met with his counterpart Wolfgang Schauble yesterday in an attempt to renegotiate Greece’s debt. Mr Schauble stone walled Varoufakis stating “ A reduction in Greece’e debt is off the agenda.” In fact by the end of their meeting they could not even agree to disagree. This coupled with the ECB’s ( European Central Bank) decision to not accept Greek government bonds as collateral for lending to banks has caused Sterling to break through the 1.34 barrier. The BOE’s ( Bank of England ) quarterly inflation report is due next Wednesday and I expect to be rather restrained, which could cause Sterling to drop in value. So if you are a Euro buyer it may be worth considering moving sooner rather than later. If you wish to call me to discuss your currency requirements please do get in touch by calling me on 01494 787478 and ask for Daniel Johnson, alternatively drop me an e-mail on [email protected] .