Alasdair Macleod: The collapsing euro and its implications
The euro system and its currency are descending into crisis. Comprised of the ECB and the National Central Banks, the system is over its head
The euro system and its currency are descending into crisis. Comprised of the ECB and the National Central Banks, the system is over its head
European corporations will flood the courts in a zombi apocalypse, and nation will rise against nation within the eurozone as the streets of Paris repopulate
Ah, Italy. My people; fun to be around, a nightmare to govern. And now an existential threat to the European Union, the euro currency, and
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign
Wow. Portugal just did something extraordinary. In its most recent election, parties of the left — anti-austerity, anti-business, mistrustful of the euro and other extra-national
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively
Tuesday’s markets really liked hearing that Greece’s new “radical-left” leaders had, once in office, backpedalled on their demand for debt restructuring. Now they apparently just
Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with,
Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing,
Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as
Nobody really expects Greece to default on its debt and leave the eurozone. But Greek leaders do seem to be squeezing as much drama as
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