iOS app Android app

Euro

Syriza's First 'Defeat' -- What Does It Mean?

Thanos Dimadis | Posted 02.24.2015 | World
Thanos Dimadis

For the moment what matters for the vast majority of Greek people is that for the first time they feel they have a government which, despite its compromises, has proved that it made its best effort to bring Europe back to the table for a fair and equal negotiation about the terms of the Greek bailout program.

9 Places That Are Surprisingly Cheap This Year

SmarterTravel | Posted 03.03.2015 | Travel
SmarterTravel

Call it the year of the bucket list. A strong dollar in destinations around the world is making this an amazing time to go farther and do more for much, much less in 2015.

Grexit for the Good of the Eurozone

Russell Green | Posted 02.23.2015 | World
Russell Green

If the Greeks leave the Eurozone, it would be awful. Both Greece and the remainder of the euro area would experience damaging volatility and uncertainty. But "Grexit" does not have to be all bad.

IOU 240 Euros, It's My Problem; IOU 240 Billion Euros, It's Your Problem!

Terry Connelly | Posted 02.18.2015 | Business
Terry Connelly

The first thing to know is that nobody should sell or buy a lot of US stocks or bonds because of the unfolding late-inning melodrama between the new g...

Austerity Policy or Tool ?

Michael Radou Moussou | Posted 02.13.2015 | Politics
Michael Radou Moussou

Any politician opting this evening for the continuation of the Greek Austerity program should be aware of these facts and try finding a more viable and less amateurish solution for the future not only of Greece but of the entire Eurozone.

Angry Greeks Threaten to Halt European Juggernaut

Doug Bandow | Posted 02.10.2015 | World
Doug Bandow

A breakdown of the European bailout program might make a Greek exit from the euro ("Grexit") the only feasible option. And the popular revolt against outsiders dictating economic policy creates a huge new roadblock to attempts to expand Brussels' power over EU members.

A Greece Reading List (Or, Why The Euro Is Doomed)

Druce Vertes, CFA | Posted 02.03.2015 | Business
Druce Vertes, CFA

Unless the political and economic integration catches up, a sufficiently big crisis will inevitably rip up the Euro zone.

The Greek Elections and European Absurdity

Kostas Vergopoulos | Posted 02.02.2015 | World
Kostas Vergopoulos

If there is one thing that has poisoned the European economy after the 2008 crisis, it is the German idea that a purge comes before a recovery.

Swexit: How Switzerlands' Prudent Economic Policies Got It Into Trouble

OpedSpace | Posted 01.29.2015 | Business
OpedSpace

On January 15, the Swiss National Bank (SNB) shocked international markets by abandoning the 3-year-old exchange rate floor of 1.20 Swiss Franc (CHF) per Euro (EUR). Put simply, this means that the SNB stopped spending billions of Swiss Francs to buy euro-denominated bonds.

A Break in the Greek Tragedy

Robert Kuttner | Posted 01.26.2015 | Politics
Robert Kuttner

Europe should count itself lucky that a leftwing anti-austerity party won the Greek elections, swept into office by citizens who've had enough. Elsewhere in Europe, seven years of stupid, punitive, and self-defeating austerity policies have led to gains by the far right. If a radical left party is now in power in Athens and sending tremors through Europe's financial markets, the EU's smug leaders and their banker allies in Frankfurt, Brussels and Berlin have only themselves to blame. Alexis Tsipras, leader of the winning Syriza coalition, says he doesn't want Greece to leave the Euro. He just wants Europe's leaders to renegotiate Greece's debt. It's about time. This crisis could have ended years ago with far less suffering for ordinary people who had no responsibilities for the offending policies. Greece, after all, has about two percent of the EU's total economic product -- and it has about 25 percent less than it had before the crisis. Writing off Greece's debt outright would have cost peanuts, and still would.

European Central Bank Launches 1 Trillion Euro Stimulus

Reuters | Jonathan Gould and John O'Donnell | Posted 01.22.2015 | Business

* ECB launches bond-buying program with new money * Amounts to 60 bln euros a month together with existing schemes * Program to run until end-Se...

Swiss National Bank: Well Played!

Janet Tavakoli | Posted 01.16.2015 | Business
Janet Tavakoli

The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade. Some forex trading firms will go under. Foreign exchange trading desks within banks are, of course, part of ongoing unwilling taxpayer largesse.

3 Reasons The Euro Just Crashed To Its Lowest Level In 11 Years

The Huffington Post | Mark Gongloff | Posted 01.16.2015 | Business

Book that European vacation now, America: It hasn't been this cheap in 11 years. The euro was in a crashy mood on Friday, briefly falling to its lo...

Monetary Union Works Because Europe Is Already Integrated

Mario Draghi | Posted 01.09.2015 | World
Mario Draghi

There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries -- and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it is only because those who doubted it misjudged this political dimension.

The Political Consequences of Inequality

Harlan Green | Posted 01.08.2015 | Business
Harlan Green

Europe is now suffering the same fate, with conservative governments in control and the debtor nations such as Greece still being punished, while Germany flourishes as it protects its own interests rather than that of the EU as a whole

EU Calls Euro Membership 'Irrevocable' But Renegotiable

AP | RAF CASERT | Posted 01.05.2015 | World

BRUSSELS (AP) — The European Union's executive Commission said Monday that membership in the euro bloc is "irrevocable" but left it open to what ext...

The Future of Europe

Jaime Pozuelo-Monfort | Posted 03.02.2015 | Politics
Jaime Pozuelo-Monfort

Think about it. One hundred years back Europe started The Great War. No need to repeat what everyone can read today on Wikipedia.

Italy Objects: The EU and the Ideology of Deficits

John Weeks | Posted 02.04.2015 | World
John Weeks

What happens to the euro zone economies affects the US economy, and grasping the essence of these packs and pacts is necessary to understand why euro Europe is stagnating.

Fear-Mongers on TV Spook Equities: Just in Time to Buy Cheap Before Great Earnings!

Terry Connelly | Posted 12.27.2014 | Business
Terry Connelly

Predictions of a new global recession began to appear in the financial media in early October just before the market took its dive, recycling much the same forecast that CNBC trotted out the previous October!

25 Of Europe's Banks Fail Stress Test

Reuters | Posted 12.26.2014 | Business

* 25 of 130 banks fail ECB test as of Dec. 2013 * Most have plugged capital hole, just 10 bln euros still needed * Ital...

Something Is Going to Happen

Jacques Attali | Posted 12.14.2014 | World
Read More: Budget, Euro, World News
Jacques Attali

Not being afraid of one's enemies, this is the real secret of the future. This is the secret of happy peoples.

Will CNBC Market Negativity Again Bail Out Short Hedge Funds?

Terry Connelly | Posted 12.08.2014 | Business
Terry Connelly

Any TV news organization would rather cover a train wreck than an on-time arrival at the station. But CNBC's constant denigration of the equity market begs a question: why on earth would the cable network do their level best day in and day out to scare viewers out of the markets that they covers?

Populist Death Wish for the Euro Would Plunge France into Depression

Jacques Attali | Posted 07.20.2014 | World
Jacques Attali

"The euro is to blame for everything. Without it, there would be no need for budgetary rigor and growth would return." This is surely the most absurd argument to arise from the nationalist and populist parties campaigning for the European Parliament elections.

European Union 2014: Another Chapter in the "Dis-integration" of the EU?

John Sydney Hopkins | Posted 07.16.2014 | World
John Sydney Hopkins

What has evolved over the last 20 or so years is a natural divergence between the fundamentally weaker and stronger economies, particularly since the onset of the global financial crisis five years ago.

Sleepless in Europe

Yanis Varoufakis | Posted 07.09.2014 | Politics
Yanis Varoufakis

If "sleep is for wimps," as Mrs. Thatcher said, and a form of inefficiency, Europe should today be the land of efficiency and heroic leadership. It is, of course, neither.