This market commentary has been produced by the Investment Management team at Hanson Asset Management.
February was, from a European point of view, all about Greece; the anti-austerity party, Syriza having won the general election was heading for a confrontation with the Troika as election promises had to be seen to be met. As things transpired the problem was (yet again) pushed further down the road with the ECB granting a four month extension of the existing bailout agreement and for talks to continue. However, with no funds provided, no fiscal transfers and no concrete commitments to anything, the same dance will be watched again in four months’ time.
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