MARKET JITTERS

So the US has joined Europe in sending out the smoke signals over the continuing concerns over PIGS in general and Greece in particular.

With rating downgrades for Greek and Italian debt and the hammering that Spain's ruling socialist party received in the local and regional elections, understandably people are worried.

The key will be what the Greek government decides to do later on today as debt owners wait and see
whether the promise not to "restructure" comes to fruition.

However, as is usual in politics, once something is denied three times then usually it will come true so we could be in for some interesting times ahead.