CONSUMER EFFECTS FILTERING DOWN IN EU, WATCH MONARCH, THOMAS COOK AND RYANAIR

Meanwhile as Greece slides towards either default or a bailout (see our editorial of April 19 and 20 2011) we are asking companies within the EU what the impact will be on them. It was interesting to note that the one company that will suffer the largest impact is blasé about the whole thing. When asked what the impact of the Greek crisis would be on Airbus, the European manufacturer said it that it wouldn’t. I do not like having a go at Airbus from time to time but come on, I ask you, please, with the German manufacturing sector,