This weekend, we are all thinking of enjoying the Jubilee, and to switch off for a few days with friends and family. Yet in other parts of Europe, it is not the Jubilee that is foremost on their minds.
We will have the result of the Irish referendum on the Euro fiscal treaty, and Spain’s problems will continue to accelerate. According to the european financial press, yesterday, Spain was dealt a double blow on Thursday after it emerged that almost €100bn in capital had left the country in the first three months of the year. This is bound to have increased over the last couple of months.
The phrase we will all hear over the next few months will be “capital flight” as companies and normal account holders will move their savings and accounts into safer countries in Europe like Germany. This could well prove to be the end game unless decisive action is taken very very soon.
In the UK, the British Chamber of Commerce said this morning that we need a bank that provides finance for small business. Whilst we are not in that league, Oak Leasing is very much open for lending and leasing, both to new start business and SME’s.
So remember, if you require any leasing or finance for equipment, please, just give Oak a call, real people in the real world