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Tag Archives: euro

ECB’s Mario Draghi Saves the Euro with Bond-Buying Plan

Ufff! The euro is saved. And together with euro, we, debt-ridden European Southerners, are save too. Head of European Central Bank, Mario Draghi announced on Thursday, that the ECD will buy bonds of countries in debt crisis until they recover. Draghi’s decision comes despite Germany’s objections fearing that member states …

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EU-Commissioner Reding: Germany Must Do More To Save Euro

EU Justice-Commissioner Viviane Reding called German major companies to do more to support the euro as they benefit enormously from the single market and the currency union. German business must to do more save euro: EU’s Reding Germany’s top companies and executives must do more to support the euro, EU’s …

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Merkel on Eurobonds: “Not in My Lifetime”

German Chancellor Angela Merkel sought to bury once and for all the idea of common eurozone bonds yesterday (26 June), as Italian Prime Minister Mario Monti repeated calls to use the EU’s bailout funds to ease pressure on Italian debt. Two days before a crucial European Union summit, European Council …

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Greek Euro: “Geuro” – Something Like a “Sip of Euro”?

Although the Greek crisis has challenged Greece’s lenders to their tolerance limits, it is still an inexhaustible source of inspiration for bankers. After the term “Grexit” a mainstream abbreviation to …economically describe “Greece Euro Exit”, a new language monster appeared on Monday. Thomas Mayer, economist at the German Deutsche Bank, …

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Survey: 88% of Greeks say YES to Euro. But to what €uro?

What do Greeks really think about the country remaining in the Euro and at what consequences? A public opinion survey conducted by Pulse RC for weekly To Pontiki reveals that the waste majority is pro Euro, however with a quality differentiation: 54% support the Euro but they draw also a red …

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Hollande, Merkel Want Greece in the Euro Area…

While Greece is heading towards fresh elections amid political and economic instability, newly inaugurated French President Francois Hollande and Germna Chancellor Angela Merkel expressed their support to the debt-ridden country, saying that they want Greece to stay in the euro. “I want to reiterate, and we agreed on this, that we …

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What Will Happen if Greece Leaves the Euro?

There is so much talk these days about a possible euro exit of Greece, especially under a left, anti-bailout government. I found an very interesting article about the consequences for Greece and the other Euro countries. The author, an Italian, asked several market experts on the impacts that “such a shock” would …

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Greek Poll: 70% Reject Drachma, 79% Reject Loan Agrement

 70% of the Greeks consider that things will get worst if the country abandons the euro and returns to Drachma. Only 15% believe things will be better. In a poll conducted by the Public Issue for  private broadcaster Skai and published on Feb 7/2012, 79% of the asked reject the …

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Poll: 53% of Germans Want Greece to Quit the Euro

The majority – however not the overwhelming – of Germans would better see Greece outside the euro zone, according to an Emnid poll published by German Bild am Sonntag. 34% of Greece’s European partners in Germany say the debt-ridden country should keep the Euro. So far there has been no …

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Greek PM Papademos: Abandoning the Euro Isn’t an Option

 In his very first interview since he took office, Greece’s Prime Minister Lucas Papademos talked about the challenges the country faces and categorically rejected an exit from the euro zone and return to drachma. Speaking to US-network CNBC, Papademos  said he was confident that the country would avoid a default …

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NYT: Greece Abandons Euro, Military Takes Over

Slowly I have to start worrying that  London is not a healthy place to live in. It’s maybe the notorious fog that makes people’s brains match or the smile of Kate Middleton [ Prince William’s wife] that blends people’s senses and clear thoughts. Not to mention the scary mysteries Sherlock …

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Cynical BBC-Video: Get Rich with Euro Collapse!

Alessio Rastani claims to be a stock market and a forex trader. A ‘golden’ boy that dreams of the euro collapse just to see his golden dream bubble come true. He spoke to BBC and said things that can only leave you stunned.  The nervous and fevery guy, that reminded me of …

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50K Greeks Borrowers Celebrate New Swiss Franc Exchange Rate

More than 50,000 Greeks took a breath of relief upon the news that the Swiss National Bank (SNB) decided to peg the Swiss Franc (CHF) to the euro. The 50,000 Greeks are borrowers who got their loans – most for real estate purchases – on Swiss Franc and not in …

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