A new survey showed that operations involving mergers and acquisitions taking place in emerging and developed markets dropped considerably in the first half of the year compared to the exact period a year ago, mainly because of the ongoing Euro Zone crisis. According to KPMG, the business, tax and audit advisory services firm, there was a noticeable slowdown on deals which had been completed, as the number dropped from 15.8 percent for the duration of the first six months of the year, compared to the first six months of the last year.
France is beginning to feel the pressure as its borrowing costs rose this week. On top of that, France and Germany, the two largest economies in the Euro Zone are clashing on a solution, particularly on how the European Central Bank is going to help. France insists that the ECB needs to play a stronger role in ensuring the stability of the euro and in helping to fix the debts that have started this crisis in the first place. Germany doesn’t want the ECB’s involvement in the Eurozone debt crisis