The spectre of bankruptcy that stalks construction

Despite the relatively healthy situation in the two most powerful economies in the world, China and the US, Europe is still the focus of investors' attention and is deterring them from buying shares. In the US the results season has been more about more surprises than disappointments. China is still growing, although considerably slower, but still at a pace that is unattainable for the economies in Europe (GDP growth of 7.6 pct in Q2), and so it is a much better place to invest in shares than in European markets. Here the situation was quite nervous despite the holiday season - on the one hand the report of the so-called Troika (the European Commission, European Central Bank and International Monetary Fund) on the dire fiscal status of Greece caused panic on stock-exchanges, while the yields on Spanish and Italian bonds skyrocketed, which made the possibility of the insolvency of the two countries more likely. In this situation the last weapon in the fight against the unstable markets