BelieveBY BENJAMIN ONG | FRIDAY, 27 JUL 2012 9:35AMBelieve that "the ECB is ready to do whatever it takes to preserve the euro." That should "be enough." |
Editor's Choice
NovaPort Capital team calls it a day
The team at small caps manager NovaPort Capital have decided to hang up their boots.
Industry fund merger postponed
Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back.
Fidelity shutters, delists funds
Fidelity International is terminating an international fixed interest strategy that failed to scale, as well as delisting a managed fund.
Super funds to solve the housing crisis?
Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
But what is Draghi able to do? Or put another way, what will Merkel let him do?
If they give a banking licence to the European Stability Funds, the Germans will scream that the ECB is bailing out sovereigns directly, which is prohibited.
Extend cheap loans to banks hoping they will buy peripheral bonds - given how much the banks have lost already doing this, is it feasible?
Mutual Euro guarantee of banks. Will Germany agree?
Joint fiscal responsibility - peripherals will not cede sovereignty.
More austerity - deeper recession and ever less chance to repay debt.
What is the answer? How do you believe the Euro mess will be solved?