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The European Union financial struggles are not confined to the spectacular problems of the Greek Economy. The Global Financial Crisis (GFC) highlighted the precarious state of Eurozone Government finances, most notably in the remainingPIIGS – Portugal, Ireland, Italy, and Spain, which has forced a series of important austerity reforms to reduce government largess (spending) and improve the bottom line for these economies.

When Central Banks talk, Markets listen.

It’s advisable, if not required, for all businesses to create an annual report. Shareholders, customers, suppliers and creditors analyse these reports to understand how they will be impacted in the coming year. The Federal Government is no different, except every Australian (the shareholder) is affected by the report’s contents. Last week’s annual report (the Budget) informed us that the Government was gently restricting fiscal policy. So what will this mean for Australians?