Search Results for: Europe
How are organised crime groups involved in sports corruption?
August 24th, 2020
Europol publishes its report, The involvement of organised crime groups in sports corruption. The report highlights the link between sports corruption and organised crime: the characteristics of criminal networks, their structure and their modus operandi. In addition, the report ...
Will a weak dollar bail out emerging markets? Nope
August 24th, 2020
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries’ dollar-denominated debt was going to blow up their – and by extension the rest of the world’s – economies. ...
Major tech corporations face multi-billion-euro cases for alleged GDPR breaches
August 17th, 2020
Two multinational data processing firms are facing legal action that could amount to billions of euros for alleged breaches of the EU’s General Data Protection Regulation (GDPR). The Privacy Collective, a non-profit Foundation that pursues claims for violations of ...
Gold at $2k+. So why the fuss?
August 10th, 2020
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on ...
Euro area annual inflation up to 0.4%
August 5th, 2020
In July 2020, a month in which COVID-19 containment measures continued to be lifted, Euro area annual inflation is expected to be 0.4%, up from 0.3% in June according to a flash estimate from Eurostat, the statistical office of ...
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 ...
Emerging market currencies were set for their best month this year
July 31st, 2020
Emerging market currencies were set for their best month this year on Friday, as the dollar was on track to record its worst month in a decade on doubts about a U.S. economic recovery, while a pick-up in Chinese ...
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 ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
