10 Updates

Germany’s Currency Nostalgia Is Badly Off the Mark

Source: Bloomberg.com, Sep 11 2012, 6:14pm CDT

Let’s hope Germany thinks hard about George Soros’s proposal that it should lead the euro system or leave it. The more carefully Germans study this choice, the more eager they will be to make the present system work. ...

Continue reading on: Bloomberg.com

 
 
Update
10

4 hours ago

Folly of Preserving the Euro at All Costs; Should France Lead Breakup of Euro?

Source: Mish's Global Economic Trend Analysis  |   May 19 2013, 12:12pm CDT

“Even a believable rumour that Germany would exit the euro would result in a massive capital flight from the countries of southern Europe to Germany.” The southern European banking system would then collapse, bringing down entire economies with ...

Continue reading on: Mish's Global Economic Trend Analysis  More like this

 
Update
9

1 day ago

Economists warn against German euro exit

Source: The Local  |   May 18 2013, 4:34am CDT

“A German exit would be an economic and political catastrophe of the first degree, warned Holger Schmieding, the chief economist of the Berenberg Bank. “Even a believable rumour that Germany would exit the euro would result in a ma ...

Continue reading on: The Local  More like this

 
Update
8

35 weeks ago


Quote:
"Germany would be able to reintroduce the mark without altering the form of any current asset, liability or contract. For example, euros deposited in German banks would remain euro-denominated. So would outstanding German sovereign and corporate debt now denominated in euros."


Source: Bloomberg.com

 

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Update
7

1 day ago

EUR/USD Rebound Could Materialize as May PMIs Seek Lift

Source: DailyFX  |   May 18 2013, 12:00am CDT

The Euro was the second best performing major currency this past week, though it still managed to shed -1.17% to the US Dollar, with the EURUSD finishing the week at $1.2839. Mainly, the Euro’s strength was most pre ...

Continue reading on: DailyFX  More like this

 
Update
6

2 days ago

Bold New Efforts to Talk Down the Euro

Source: DailyFX  |   May 17 2013, 11:49am CDT

With the Eurozone economy still mired in recession, policymakers have begun making more concerted efforts to talk down the euro as a means of stimulating exports and driving growth. The euro (EUR) came under selling pressure against the US ...

Continue reading on: DailyFX  More like this

 
Update
5

2 days ago

Vodafone steps up global multi-play strategy with German VDSL deal

Source: Fierce Wireless  |   May 17 2013, 2:54am CDT

Vodafone Germany inked a deal with Deutsche Telekom to allow the mobile operator to use the German carrier's VDSL network for the launch of new high-speed broadband and IPTV services. "Our agreement with Deutsche Tel ...

Continue reading on: Fierce Wireless  More like this

 
Update
4

3 days ago

ECB should manage euro to help exports: EU commissioner

Source: Economic Times  |   May 16 2013, 11:04am CDT

ROME: The European Central Bank should operate in a way to help euro zone exporters that are being hurt by a currency which is over-valued, European Commissioner for Industry Antonio Tajani said on Thurs ...

Continue reading on: Economic Times  More like this

 
Update
3

3 days ago

Funds Are Piling Into Greece -- and Believe It or Not, That's Not a Bad Move

Source: Minyanville  |   May 16 2013, 10:37am CDT

On May 14, Greek bonds, a proxy for investor confidence in the country’s ability to repay debt, were yielding 7.85%, the lowest since May 2010, before the euro crisis began. The drop is partly related to the structuring of Greek government deb ...

Continue reading on: Minyanville  More like this

 
Update
2

3 days ago

The euro-zone economy: Recession, cont’d

Source: Economist  |   May 16 2013, 9:59am CDT

ONE euro crisis may be over, but another has begun. The single currency is no longer under siege in financial markets, but it will not prove politically viable unless growth returns. Any residual hopes of an early recovery were dashed b ...

Continue reading on: Economist  More like this

 
Update
1

3 days ago

Playing the currency wars: what the experts think

Source: The First Post  |   May 16 2013, 8:46am CDT

THREE weeks after being mistakenly declared dead in a Reuters obituary, George Soros is back with a vengeance, said Juliet Samuel in The Times. "The man who broke the Bank of England" in 1992 reportedly made profits of u ...

Continue reading on: The First Post  More like this

 
 
 
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