Titan Business Insurance is concerned that Europe’s troubles are about to haunt the UK again as the markets once again become obsessed with Spanish and Italian bond prices.
For the last month, fears over the future of Europe had subsided says Titan, mainly because of the Europe Central Bank pumping millions of Euros into the economy. But now that that is stopping, there are signs that Spanish and Italian bond prices are back on their march upwards, and this could force even more austerity on economies that just cannot cope with deeper cuts.
The next few weeks could be decisive says Titan, as the markets take stock of the economies who might be once again on the edge of the abyss.
Chief Executive Officer of Titan Business Insurance, Basil Tsapralis, said:
“It appears that the breathing space generated by the actions of the ECB is now over and we are once again back almost where we started at the time of this crisis. Economists don’t believe it’s as bad now as it was then, but with the markets are unsettled, the banking system won’t be able to fully recover and that means the money supply will stay short, and that is bad news for British business.
“We need stability for a long period, so that the system can be re-booted and we can all move on and drive genuine growth.”
Titan Business Insurance is a major player within the SME market and provides a supportive service to its clients, backed by competitive pricing.
