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Tag Archives: euro

Greeks became richer whole €190 richer after joining the Euro

Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, while for almost every other member the single currency has been a serious drag on economic growth, a study has found. For Greece the gains are anything but profitable, as citizens became richer …

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Erdogan says “They have dollars, we have our Allah,” as Turkish Lira in free fall

Turkish President Recep Tayyip Erdogan tried on Friday all means to save the Turkish lira. he urged citizens to rush to the banks and convert their deposits in dollar, euros and gold into the national currency. “It is a national struggle. It is going to be my nation’s response to …

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Commission’s vision for Eurozone integration: a Finance Minister, a Fund and “eurobonds”

The European Commission presented on Wednesday (31 May) its proposal to “move forward” on eurozone integration with a treasury, a finance minister and several instruments to make the financial sector less vulnerable to crises. incl the issuing  of “eurobonds” that are proposed as “safe asset”. The Commission document calls on …

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Emmanuel Macron is the new President of France

Independent candidate Emmanuel Macron, 39, is clearly the winner of the second round of Presidential elections in France. According to latest results Macron wins by margin of 65.1% to 34.9% for right-wing Marine LePen.   Voter turnout set to be lowest since 1969 Abstention at 25% 12% of voters cast …

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Stern: Majority of Germans would accept Grexit

What do Germans think of Grexit?  The financial situation of Greece has split the German public opinion. In a poll conducted for German weekly STERN, a narrow majority would accept Greece abandoning the eurozone. Whether the heavily indebted Greece will receive additional billion credits depends on the implementation of the …

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Merkel: The Euro is too low for Germany

German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this “problem” because monetary policy was set by the independent European Central Bank. Merkel made her remarks at the Munich Security Conference as U.S. Vice …

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Why is Germany bringing Tons of Gold back home?

Germany’s central bank is bringing home gold reserves stored in places like New York and Paris faster than planned. The schedule was set for 2020. The move has the world puzzling as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a …

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Controversial Trump’s EU candidate Ted Malloch shocks Greeks

Short and shocking. But possibly also just stupid. Trump’s leading candidate for the post of US ambassador to the European Union, Ted Malloch, is said to have revealed the intentions of the US administration to Greece’s debt crisis. Malloch’s statement have set at least the Greek media on alert, his …

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The Greece Blame Game Revisited

Greeks have seen this film of  “Greece Blame Game” a thousand times since 2010. At first, it was the Euro crisis, now it is the Refugees. For the European “partners” economically weak Greece is the easy target that can be blamed everything, for all problems of the European Union.  EU’s …

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