Home / Tag Archives: euro (page 3)
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 … Read More »
Economist: “Tempted Angela?” – Merkel Contemplates On How to Break Up the Euro
Is German Chancellor Angela Merkel trying to save the euro? Despite German claiming so, The Economist believes rather the opposite. That Merkel is trying to break up the euro. Angela Merkel is been featured contemplating on the euro future – next to her a bottle of whiskey and a cup of … Read More »
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 … Read More »
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 … Read More »
EURO Grandeurs’ Vision: EU to Demand Changes in National Budgets Irrespectively of Bailout
Top officials from the European union and the Euro Zone revealed their grand vision about the common currency, the EURO. In the European version of the Chinese “Gang of Four*”, van Rumpuy (EC), Barroso (EC), Juncker (EUROGROUP) and Draghi (ECB) called EZ member countries to proceed to tighter fiscal control and to “grant … Read More »
Soros Warns Euro May Dissolve if EU-Leaders Fail to Curb Debt Crisis
The week started really bad for the euro zone. Spain formally sought a banking rescue of up to 100 billion euros Monday, Cyprus struggles to bypass EU and seek a loan from Russia, while France does not feel better either as its banks apparently fight to avoid bank contagion. Amid this euro zone turbulence, billionaire … Read More »
Tsipras Pledges to “Keep Greece in the Euro Zone and Restore Growth” in Op-Ed to FT
Four days before the June 17 elections and while Germany and Austria raises their tones to influence Greek voters and cast their votes for pro-bailout parties, Alexis Tsipras, the leader of left-wing SYRIZA pledges to “keep Greece in the euro zone and restore growth”. In an op-ed to Financial Times, … Read More »
Real Greek or British Humor? Restaurant Lets Customers to Pay in Drachma
One London restaurant encouraged its customers to pay in old Greek currency, the Drachma. A currency that has not been around since euro coins and banknotes were introduced to the country on January 1st, 2002. “Real Greek” restaurant operation manager Christos Karatzenis offered customers the option to pay for a starter … Read More »
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, … Read More »
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 … Read More »
Greeks Pulled More than €700 Million from Banks After May-6 Elections
Greeks are trapped in a storm of political instability and economic uncertainty with recession at -7% and unemployment over 21%. While they are struggling to cope with the situation and make ends meet, they are exposed to a barrage of statements coming from abroad and threatening them euro exit. Even if this … Read More »
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 … Read More »
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 … Read More »
EU bank Offers Non-Euro Payment to Greek Firms – Portuguese, Irish to Follow?
It looks as if the taxpayer-funded European Investement Bank is preparing for the euro collapse and/or for the euro-exit of countries applying the economic stability program. That is, the bailout that has so far “helped” Greece, Portugal and Ireland. The EIB has started to include a new legal clause in its contracts … Read More »
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 … Read More »
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 … Read More »
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 … Read More »
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 … Read More »
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 … Read More »
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 … Read More »