EU Portal .net

Okuma Group: Debt Of Pigs Weighs On European Union

Asia-based asset management firm, Okuma Group apparently believes that the United Kingdom is likely to be the focus of Speculator attention in the event of an EU bailout of the PIGS nations.

PIGS is the acronym given to Portugal, Ireland, Greece and Spain who represent the most indebted economies in the European Union. Recently, Greece has seen the yield on its 10 year treasury bill exceeds 7% thanks to speculators betting that the country is likely to default on its debt unless a bailout is mounted by the European Union. In stark contrast, the yield payable on a 10 year German bund currently stands at 4%.

Despite public statements to the contrary, Okuma Group believes that the EU will eventually orchestrate a bailout for the beleaguered PIGS nations and that, speculator attention will shift towards the UK which does not use the single currency.

The firm believes that the UK’s 10 year gilt may see its yield increase significantly which would spark interest rate rises in other long-term debt sectors including mortgages. A source close to the firm said that there was a distinct possibility of the UK having to turn to the International Monetary Fund for a bailout.

The Bank of England recently announced its decision to pause its program of quantitative easing after the UK emerged from its longest recession since World War II but many economists believe that the central bank may need to restart the program as confidence wanes in the current and next government’s ability to reduce the country’s public sector debt burden.

Okuma Group continues to advise clients to divest themselves of sterling denominated assets including cash.

About the Author

Lousinda Peters writer for FinancialNews Group.

Unit 21, Melton Road

West Bridgford

Nottingham

NG3 6UN

United Kingdom

financialnews@groupmail.com

euronews interview – Interview with EU trade chief Karel De Gucht: ‘have to…

Mennesket ved Have statue of the artist Wiig Hansen located by the beach in Photo Mugs Mennesket ved Have statue of the artist Wiig Hansen located by the beach in Esbjerg, Jutland, Denmark, Scandinavia, Europe….

AmazonBasics AA NiMH Precharged Rechargeable Batteries (4-Pack) and Charger $18.82 Features: Charge 2 or 4 AA/AAA Ni-MH/Ni-CD batteries,Two individually monitored charging channels,Two separate LED indicators for charging status,Universal AC voltage (100-240V),Timer control for charging cut off ,Interchangeable plugs.Specifications: Input voltage: 100-240VAC 50Hz/60Hz ,Charging current: 250mA ,Charging voltage: 2.8V…

Nadinola HQ Free Oily Skin Tone Cream For Oily Skin 2.25 Oz pack of two big sale!!! $12.99 Why is HQ Free??In human medicine, hydroquinone is used as a topical application in skin whitening to reduce the color of skin as it does not have the same predisposition to cause dermatitis as metol does. This use is banned in some countries, including the member states of the European Union under Directive 76/768/EEC:1976.[2][3] In 2006, the United States Food and Drug Administration revoked it…

Nadinola HQ Free Dry Skin Tone Cream For Dry Skin 2.25 Oz pack of two big sale!!! $9.95 Why is HQ Free??In human medicine, hydroquinone is used as a topical application in skin whitening to reduce the color of skin as it does not have the same predisposition to cause dermatitis as metol does. This use is banned in some countries, including the member states of the European Union under Directive 76/768/EEC:1976.[2][3] In 2006, the United States Food and Drug Administration revoked it…

Strategy Pack 6 – Virtual Programming Ltd. [Old Version] $39.95 Strategy Pack 6 is a compilation of compelling Mac strategy games from Paradox Interactive. Turn the tide of World War II. Discover the New World. Industrialize your country and colonize continents. Engage in the power struggles of medieval Europe or assume the leadership role of one of the great Asian dynasties. Comprising of Europa Universalis II Crusader Kings Victoria Victoria Revolutions Hear…

Photo Jigsaw Puzzle of Mennesket ved Have statue of the artist Wiig Hansen located by the beach in from Robert Harding $24.99 Photo Puzzle, Mennesket ved Have statue of the artist Wiig Hansen located by the beach in. Mennesket ved Have statue of the artist Wiig Hansen located by the beach in Esbjerg, Jutland, Denmark, Scandinavia, Europe. Chosen by Robert Harding. 10×14 Photo Puzzle with 252 pieces. Packed in black cardboard box of dimensions 5 5/8 x 7 5/8 x 1 1/5. Puzzle image 5×7 affixed to box top. Puzzle pieces print…

The Gift $8.74 Hafiz, a secret Sufi, came to prominence in his day as a writer of love poems. That love transformed into an all-consuming passion for union with the divine. In The Gift, Daniel Ladinsky bestows on us the impassioned yet whimsical strains of Hafiz’s ecstasy. Never forced or awkward, Ladinsky’s Hafiz whispers in your ear and pounds in your chest, naming God in a hundred metaphors. I once ask…

The Rise and Fall of the Great Powers $8.95 About national and international power in the “modern” or Post Renaissance period. Explains how the various powers have risen and fallen over the 5 centuries since the formation of the “new monarchies” in W. Europe….

Postwar: A History of Europe Since 1945 $30.00 Tony Judt’s Postwar makes one lament the overuse of the word “groundbreaking.” It is an unprecedented accomplishment: the first truly European history of contemporary Europe, from Lisbon to Leningrad, based on research in six languages, covering thirty-four countries across sixty years in a single integrated narrative, using a great deal of material from newly available sources. Tony Judt has draw…

Shattered Union $10.61 Become the leader vying for control of a fracturedUnited States during a Second Civil War!Product InformationSet atop the smoldering ruins of a fictional United States torn apart by civilwar Shattered Union is an action-packed turn-based strategy game.  Thecountry is at war with itself and players can choose to lead one of sevenbellicose factions: Greater California The New Republic of Texas …