The Year in Review 2011/12 – main points

• The European debt crisis dominated attention over the year
• A good timeline of the crisis: http://www.bbc.co.uk/news/business-13856580
• European leaders achieve a ‘three-pronged’ agreement in October
• The Eurozone agrees to another Greek bailout in March
• Nicolas Sarkozy lost the French presidency to socialist, Francois Hollande
• After two attempts, a new coalition government was elected in Greece
• Spain formally applied for assistance for its banking sector
• European leaders agreed on a single supervisor for euro zone banks in June
• The US economic recovery lost momentum
• China successfully slowed its economy to bring inflation under control
• The Reserve Bank cut the cash rate from 4.75% to 3.50%
• Global shares fell 16% between July and October due to the Greek debt crisis
• The ASX 200 rose 9.4% from January to May and then lost all gains in 17 days
• The Aussie dollar traded over a US17 cent range
• Australian 3yr bond yields hit record lows; 10yr yields hit 60 year lows.

The old adage is that ‘a picture tells a thousand words.’ Well we believe that’s a motto worth following. Click here to see CommSec’s review of 2011/12 and outlook of 2012/13. Words have been kept to a minimum, just plenty of facts, figures and charts to help guide your way through the coming year.

 3 July 2012

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