Blog: Europe's debt crisis

Week beginning 17 May is set to be an ugly one. Brace yourself for the consequences of €25.06bn worth of redemptions across Greek, Portuguese and Spanish government bonds. If a week is a long time in politics, it is even longer in financial markets as a European debt crisis unfolds. At the time of writing, markets have performed a spectacular volte-face, only weeks before having appeared dangerously complacent about Greece and its problems. From positive earnings to more negative machinations at Goldman Sachs, this was a market begging for distraction. For those heckling on the sidelines...