Our next event is presented by Mr Tom Richards who has agreed to speak to us on the Eurozone Crisis. Tom is a Senior Investment Analyst & Portfolio Manager with Maitland Investment Services and works in the team responsible for managing approx USD700m of clients’ assets. Tom has lived and worked on the island for the best part of four years and is a Chartered Member of the Chartered Institute for Securities & Investment and holds an MSC in International Banking and Finance.
Back when the Eurozone sovereign debt crisis was limited to initial concerns for Ireland and Greece, Spain was seen as a ‘fire-break’ between the region’s periphery and core members. Just a few months later, both Italy and France are being forced to pay higher costs to service their national debt and talk has turned to whether the Eurozone can even survive in its present form.
With many developed countries now staring down the barrel of potential economic disaster, the Isle of Man has historically been in a strong position with uninterrupted economic expansion, low unemployment and healthy national reserves. However, the island is heavily dependent upon access to external trade flows and international goodwill; and the recent re-negotiation of some taxation treaties has left the island having to re-examine spending plans with a rapidly shrinking surplus.
The question is now being asked can the Eurozone muddle through, and what would a second global recession mean for us all? What does the future hold for us here on the Isle of Man?
Venue: The Cushag Suite, Palace Hotel. Douglas
Date & Time: 27th October 2011 – 6.00pm start (updated)
Food/Drink: Selection of quality : Evening Buffet
Individual Cost: JCC Members £12, Non-members £16
You can download a leaflet about the event with instructions on how to book your place.