Chatfeild-Roberts: ‘Euthanasia of the rentier' should focus minds

Looking ahead to 2013, Chatfeild-Roberts (pictured) said the rally, which began in earnest last summer following comments from ECB president Mario Draghi, can continue provided the ECB continues to support weaker economies and the US recovery takes hold. Fundamentally, however, "not much has changed from a year ago", and inflation remains a major threat, he said. "The key issue remains Europe. The single currency will only work if Germany is prepared to pay for it - for a very long time. But we don't underestimate the desire of European politicians to keep the 'European project' intac...