Search Results for: euro
Possibly largest ever bust of banknote counterfeiters in the history of the euro
August 5th, 2020
Law enforcement authorities from Italy, Belgium and France, supported by Europol, dismantled an organised crime network involved in euro counterfeiting. The criminal network dismantled in Italy produced 25% of all counterfeit euro banknotes in circulation On the action day ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
UPDATE: Sterling rose against a weaker euro but fell versus the dollar
July 30th, 2020
Sterling rose against a weaker euro but fell versus the dollar on Thursday after the $1.30 level reached late in the previous session did not hold, with Brexit and the economic fallout from coronavirus weighing on the currency. Global ...
European stocks were roughly flat on Wednesday; Earnings in focus
July 29th, 2020
European stocks were roughly flat on Wednesday as countries around the world report rises in new coronavirus cases, while a fresh U.S. relief package hits an impasse in Washington. The pan-European Stoxx 600 hovered just below the flatline in ...
29% of Europeans can’t afford a week’s holiday
July 29th, 2020
In 2019, 29% of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. This share has gradually decreased since 2010, when 39% of Europeans could not ...
European stocks tumble; Major bourses slid into negative territory
July 24th, 2020
The pan-European Stoxx 600 dropped 2% by mid-morning, with tech stocks tumbling 4.3% to lead losses as all sectors and major bourses slid into negative territory. Global investors will be reacting to China’s retaliation to the U.S. decision to ...
Europe Bails Out Its Failed States with “Common” (i.e., German) Bonds
July 22nd, 2020
The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate ...
European stocks rose on Monday
July 13th, 2020
European stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S. state of Florida. After edging up 0.4% last week, the Stoxx Europe 600 gained 0.6%. The German ...
Huge wine frauds uncovered in Europe; Legal proceedings
July 3rd, 2020
Fresh allegations have emerged in a major wine fraud investigation underway at Spain’s top criminal court, the Audencia Nacional. The inquiry centers on the involvement of two of Spain’s biggest wine companies in the fraudulent labelling of young wine ...
European stocks had their best quarter in five years: Here are the biggest movers
July 1st, 2020
The Euro Stoxx 600 on Tuesday closed out its best quarter since March 2015, having climbed 12.59% since the beginning of April. Even after that rally, the pan-European blue chip index still closed down 13.35% on the year and ...
