TORONTO, ONTARIO and CHICAGO, ILLINOIS--(Marketwire -06/18/12)- The situation in Europe will surely be at the top of the agenda at the G20 meetings taking place in Mexico today.
The Eurozone continued to dominate headlines over the weekend. The latest developments included:
-- Greek voters gave a majority mandate to political parties supporting the country's economic bailout, which eased worries about a break up of the Eurozone. -- However, Spain bond yields shot up 22 basis points to 7.14 per cent - beyond the level that forced Greece, Ireland and Portugal to seek bailouts. -- Additionally, Italy's bond yields rose 15 basis points to a worrying 6.08 per cent.
Paul Taylor, CIO, BMO Harris Private Banking (Toronto) and Jack Ablin, CIO, Harris Private Bank (Chicago) are available to help put the latest news from Europe in context for North American investors. Topics they can address include:
-- Do the election results in Greece hold the promise of some degree of stability for the markets? -- What countries might be next in line to seek a bailout? -- Are there measures the G20 can adopt to address the ongoing crisis in the Eurozone and, if so, will there be the political will to do so? -- What should North American investors watch for this summer? Where is the smart money going?