By Michael Browne, Portfolio Manager European Long/Short at Martin Currie Politics will undoubtedly remain one of the key macro themes for Europe over the next 12 months. A packed list of elections, rising anti-establishment sentiment and the re-emergence of Greek debt will all play a crucial role in determining the future direction of the European Union […] Read more »
Spain is Decaying From Within According to Spotlight’s Pope
By Stephen Pope, Managing Partner Spotlight Ideas Moody’s reduces its ratings on 5 regions. 2007 the level of sovereign debt to GDP for Spain was 36.3%. By 2016, the IMF forecast 101.4%. GDP growth of 7.5% pa needed to get debt to GDP back to 70%. IMF forecast growth…at best of just 0.5%. I am […] Read more »