Football finance: the 'Cristiano Ronaldo' bond

The Economic and Social Research Council(ESRC) have awarded Professor Chris Brooks and Dr Adrian Bell a major research grant worth just over £350,000 to investigate the early and innovative use of credit finance by a succession of English medieval monarchs.

There has been some discussion in the news lately in respect to the possibility of Greece exiting the Euro (Grexit).

Munich, 16 October 2013 – There is currently a high level of uncertainty on the international financial markets, due to the budget dispute in the USA surrounding the proposed raising of the borrowing limit. The markets are waiting with bated breath to see whether the Democrats and the Republicans will be able to agree on raising the debt ceiling, which currently stands at just under 17 trillion US dollars. The key question for investors is whether the USA and other countries will be able to pay back the debts they have taken on or whether, as in the case of the debt cut in Greece, they can expect to see losses on their investments. A recent study based on sustainability rating agency oekom research’s country ratings shows that sustainability ratings are a reliable indicator of countries’ solvency and that taking sustainability ratings into account allows investors to make a better assessment of the overall risks.