Today on Market Watch, we speak to Tim Mulholland, the Managing Partner of China-America Capital and Associate of Sweet Futures in Chicago. He discusses his thoughts on:
-- The deadlock in summit talks, which yet again failed to come up with concrete decisions on how to tackle the crisis. French President Francois Hollande is pushing for the creation of Eurobonds but Germany says it will oppose such a scheme until there is more budget discipline across Europe.
-- EU leaders at the summit have also stressed their desire to see Greece remain in the eurozone, but have also emphasized that the country's next government must abide by the terms of its latest bailout package. But if come June 17th and the Greeks vote against the budget cuts and reforms, could Greece be pushed out from the Eurozone.
-- If there is contagion risk to weaker countries in the Eurozone, like Spain and Portugal
-- And with the slow pace of summit after summit, is time running out to save the 17-member monetary union. And what timeframe are we likely to expect a 'Grexit'.
-- Over in China, the HSBC flash PMI has fallen further in May, confirming that the slowdown in China has intensified. China has called for economic growth to be prioritised, so what kind of stimulative policies should we expect
-- Sluggish conditions continue throughout 1H12 and how will a cooling Chinese economy affect Southeast Asian countries.
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