Articles - Schroders Quickview: European crisis deepens

 Schroders’ Azad Zangana, European Economist, and David Scammell, Head of European and UK Interest Rate Strategies comment on the deepening of the European crisis below.

 
 Key Points

 
•   As concerns spread to Spain and Italy, and EU leaders debate how to deal with Greece, investors lose patience.
 
•   Our central view is that the crisis is ultimately resolved – provided there is political commitment, growth, and investor confidence. 
 
•   We would argue that recent developments have been uncomfortable for Spanish markets but the situation is retrievable. 
 
•   In the short-term, though, expect volatility given investors’ current doubts.

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