Search Results for: euro zone
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 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 ...
Chinese shares fall another 8% despite more measures
July 8th, 2015
Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China’s regulators to try and stabilise the recently volatile market. The Shanghai Composite had recovered some losses by ...
Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters
July 7th, 2015
Papering over the structural imbalances in the Eurozone with bailouts or bail-ins will not resolve the fundamental asymmetries in trade. Beneath the endless twists and turns of Greece‘s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that ...
MAS’ response to media queries on recent developments in Greece
July 7th, 2015
In response to media queries, the Monetary Authority of Singapore (MAS) said that Singapore’s domestic money and foreign exchange markets continue to function in an orderly fashion. The direct exposure of our economy and banking system to Greece is ...
Greece debt crisis: Greek voters reject bailout offer
July 6th, 2015
Greek voters have decisively rejected the terms of an international bailout. The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”. Greece‘s governing Syriza party had campaigned for a “No”, ...
What If You Had An Italian Bank Account? Or A Portuguese Bond?
July 3rd, 2015
Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only two ways: Continued austerity which consigns its most vulnerable 50% to an endless “capital D” Depression, or some form ...
Greece tourism unaffected by financial crisis
July 2nd, 2015
Despite Greece’s extreme financial crisis, the country’s lucrative tourism industry appears to be uninterrupted. And that’s good news for Greeks. Tourism brought in around $32.7 billion in 2014, which made up more than 17% of the country’s GDP. The ...
How Investors Should React to the Greek Crisis
July 2nd, 2015
Step one: Don’t panic. Even from afar, it’s hard for U.S. investors to ignore the Greek economic crisis, which continues to roil global markets. After Greece saw its bailout funds expire Tuesday—and became the first developed country to fail ...
