Tonight’s text on Greece from the EU summit. Not much, to be honest.
(Click to image for full doc – more/less from Van Rompuy, here) Read more
It could be just a matter of days to weeks before a new leg of the systemic crisis therefore hits markets. Expect Italy, then Belgium but also other EGB to widen sharply. Read more
Summit Partners, the Boston-based private equity group, will on Monday announce it has raised a maiden €1bn ($1.56bn) European fund to finance investments in mid-sized buy-outs and growth capital investments. The move reflects the growing appetite among US buy-out firms to expand into less mature markets in Europe and Asia, where there is less competition for deals and investments. Summit, which was founded in 1984 primarily as a venture capital investor, opened a London office in 2001 and has invested in nine European companies including Actix, the UK mobile phone software maker. Read more