International Business Times features Stephen Pope & Spotlight Ideas
Wednesday September 12th 2012
http://www.ibtimes.co.uk/articles/383287/20120912/german-court-european-crisis-banking-ecb-bonds.htm
and to the IBTimes UK from:
Stephen Pope, managing partner at Spotlight Ideas:
The short term view is that this is positive and one can see that the European markets advanced and the EURUSD recovered quickly from a quick dip. Peripheral debt yields also eased by 2bps whilst German debt has fallen as money leaves the safe havens. European equities have bounced as well in a signal of short term relief. In fact the decision and conditions were well priced in. In the medium and long term the issue is how will this affect...if at all...further German integration into a closer European "Political Union".
