Managing risk: Focus on Europe

IN 2012 and 2013, harsh adjustment to a new fiscal reality will be unavoidable, regardless of the path eurozone politicians decide to embark on.

Yet according to Trevor Williams, chief economist for Lloyds Bank: “Right now, there is no crisis in Europe.”

“There has been much fire fighting to keep this at bay. Debt problems seemed to lessen along with the perception that it was an issue for these countries. If all that went away we would have a better economic profile than we have now,” he said.... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...