Search Results for: Eurozone
Total confusion about a Greek deal
July 12th, 2015
EU Council president Donald Tusk announced this morning that the planned EU summit is cancelled and that a separate euro zone summit meeting will start at 1400 GMT (1600 local time). Tusk said the eurozone summit would last until we ...
The Neo-Marxist Threat to National Economies
July 10th, 2015
The theatricals and melodrama of the current Greek crisis mask a far more serious issue than mere political entertainment. The self-created sequence of threats to Greece i.e. sovereign debt default, bankruptcy, Eurozone exit and relegation to the status of ...
China Shares Rise but Uncertainty Hovers
July 10th, 2015
Greece inches closer to deal with creditors, but investors are wary of sustained China recovery China shares rose Friday, and other Asian markets made tentative gains, as investors assess whether a recovery in Chinese stocks proves sustainable. The Shanghai ...
Greece Enters Its Crack-Up Boom
July 9th, 2015
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 trying to devalue its currency. Consumers respond by front-running the government, spending their paychecks ...
Is Bitcoin Unsustainable, and How Can It Be Made Sustainable?
July 9th, 2015
“Bitcoin Is Unsustainable,” claims the title of a provocative essay by Motherboardcontributor Christopher Malmo that has spurred considerable debate. Malmo’s central thesis is that Bitcoin uses way too much electricity. The essay opens with a future scenario that, in view ...
Greece: Creditors await Greek proposals after loan request
July 9th, 2015
Greek Prime Minister Alexis Tsipras faces one of his most difficult days in power on Thursday as he must finalize proposals for tough economic reforms and submit them to the country’s creditors by the end of the day to ...
Greece debt crisis: Tsipras appeals for European unity
July 8th, 2015
Greek Prime Minister Alexis Tsipras has called for the European Union to avoid division, as indebted Greece struggles to stay in the euro. In a sometimes stormy debate in the European Parliament, he said: “Let’s not let Europe be ...
Greek banks could run out of cash in next two days
July 8th, 2015
Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country’s financial system said on Tuesday. With withdrawals from cash ...
Citigroup: Here’s Our Five-Step Plan to Solve the Greek Crisis
July 8th, 2015
For six years the Greek crisis has unfolded in a predictable pattern: Greece needs money. Euro area leaders don’t want to give it to them without imposing tough conditions. Brinkmanship ensues, followed by some sort of ineffectual compromise. And repeat. According ...
Greece Given Until Sunday to Settle Debt Crisis or Face Disaster
July 8th, 2015
Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering a substantive new proposal to resolve its debt ...
