Markets respond well to German bailout ruling

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Markets respond well to German bailout ruling

3News NZ

There have been protests in Germany over the bailouts

There have been protests in Germany over the bailouts

World markets have a lot to digest at the moment, with the US Federal Reserve meeting, Apple launching the new iPhone, and German courts ruling on the legality of the bailout plans.

A lot of Germans feel that Germany should not be participating in the bailout plans for debt-stricken nations such as Greece, which has led to protests.

However the courts ruled in favour of the bailouts, news which the French and German markets responded to well.

The future of the Eurozone is seen by many to hinge on the success of the bailout programmes.

Watch the video for the wrap on Firstline by Michael Wilson

 

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Comments

14/09/2012 8:05:45 a.m.

@Mike wrote:

You suggest that the financial Markets are akin to a CASINO, I want to know WHO's the BANKER, Don't tell me its US.

13/09/2012 8:06:33 a.m.

Mike wrote:

If you have a problem gambler, you dont give them more money to gamble with.

The EU financial crisis is just a problem gambler, but much larger. They haven't addressed the problem to try to fix it, they just keep handing over more money which is no solution.