Europeans, is this what they promised with the introduction of the Euro?

The Telegraph - Violent protests broke out in Athens last night after an elderly man committed suicide near to the country's Parliament building, claiming he was distraught at the prospect of "looking in the garbage to feed myself".

Italy has also reportedly seen suicides due to economic worries, with a 59-year-old shooting himself in Rome yesterday after claiming that his company was failing.

Political leaders should be ready to provide a further bail-out for Portugal within the next year, Europe's economic and financial affairs commissioner Olli Rehn has warned.

The yield on Spain's benchmark 10-year bonds rose 28 basis points to 5.7pc after Madrid held a disappointing bond auction.

Following the Chancellor's Budget speech in the House of Commons, the Telegraph's Economics columnist Roger Bootle said that the "Eurozone still presents a huge threat" to the UK's economic outlook.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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