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Matty Leppard

Saving the Common Currency: German Obstructionism Heightens Euro Fears - SPIEGEL ONLINE... - 0 views

www.spiegel.de/...0,1518,735023,00.html

euro germany crises eurozone fears spiegel saving

shared by Matty Leppard on 16 Dec 10 - No Cached
  • Matty Leppard on 16 Dec 10
     
    Germany fears for putting too much into the Euro, and confidence in the euro, and germany, is falling
Duncan Innes

Swiss bid to peg 'safe haven' franc to the euro stuns currency traders | Business | gua... - 0 views

www.guardian.co.uk/...tzerland-pegs-swiss-franc-euro

swiss guardian.co.uk business economics Exchange Rates floating fixed currency traders euro

shared by Duncan Innes on 06 Sep 11 - No Cached
  • Duncan Innes on 06 Sep 11
     
    A2 Floating v fixed exchange rates - switzerland aims to peg its franc to the euro
Thomas Minney

Ripple Effect Moves North: The Euro Zone Is Headed for a Bumpy Ride - SPIEGEL ONLINE - ... - 0 views

www.spiegel.de/...0,1518,570579,00.html

eurozone euro EU effect economics currency

shared by Thomas Minney on 16 Dec 10 - No Cached
  • The Italian economy is expected to increase a mere 1 percent this year, and Portugal should post a 1.2 percent rise in GDP for 2008
  • Thomas Minney on 16 Dec 10
     
    Bad signs for the Euro?
Duncan Innes

Economist.com | Diigo - 0 views

www.diigo.com/...www.economist.com%2Findex.html

economist currency Euro leaving the Euro devalued currency real exchange rates ECB Argeina dollar peg

shared by Duncan Innes on 15 Dec 10 - No Cached
  • Duncan Innes on 15 Dec 10
     
    What would happen if either Ireland or Germany left the Euro Zone
Duncan Innes

BBC News - Newsnight - Is 2011 the year the euro will fall? - 0 views

news.bbc.co.uk/...9348660.stm

newsnight bbc Exchange Rates Euro 2011 predictions Europe video

shared by Duncan Innes on 09 Jan 11 - No Cached
  • Duncan Innes on 09 Jan 11
     
    4 minute video highlighting the difficulties for the Euro in 2011.
Duncan Innes

BBC News - What really caused the eurozone crisis? - 0 views

www.bbc.co.uk/...business-16290598

eurozone crisis economics debt europe finance euro eu

shared by Duncan Innes on 22 Nov 12 - No Cached
  • Duncan Innes on 22 Nov 12
     
    Euro Crisis explained 
Duncan Innes

The single currency has arrived at a three-pronged fork in the road | Business | The Gu... - 0 views

www.guardian.co.uk/...rrency-three-pronged-fork-road

single currency fork road business the guardian euro elliot

shared by Duncan Innes on 16 Apr 12 - No Cached
  • Duncan Innes on 16 Apr 12
     
    Assessing future options for the euro
Duncan Innes

Metallica rocked by euro crisis - Telegraph - 0 views

www.telegraph.co.uk/...ica-rocked-by-euro-crisis.html

euro crisis telegraph metallica

shared by Duncan Innes on 07 Dec 11 - No Cached
  • Duncan Innes on 07 Dec 11
     
    Metallkica and Macro economics
Duncan Innes

BBC News - Europe's four big dilemmas - 0 views

www.bbc.co.uk/...business-14934728

BBC Euro euro crisis europe growth austerity

shared by Duncan Innes on 18 Sep 11 - No Cached
  • Duncan Innes on 18 Sep 11
     
    Simple explanation of the eurozone crisis from the BBC - Essential A2 Economics reading
Duncan Innes

Euro touches a nine-year low against US dollar - 0 views

www.bbc.co.uk/...business-30678218

bbc euro Draghi QE Year 13

shared by Duncan Innes on 05 Jan 15 - No Cached
  • The drop follows ECB president Mario Draghi's comments indicating the bank could soon start quantitative easing.
  • Duncan Innes on 05 Jan 15
     
    Possible QE in eurozone? jan 15
josh mower

BBC News - Could Greece be Europe's Lehman Brothers? - 0 views

www.bbc.co.uk/...business-14818439

bbc.co.uk_mews

shared by josh mower on 16 Sep 11 - No Cached
  • Could Greece be Europe's Lehman Brothers?
  • Three years ago today, US Treasury Secretary Hank Paulson made a momentous decision - to let the investment bank Lehman Brothers fail. The US government had helped to rescue a string of financial institutions, but markets kept pushing more to the wall. Mr Paulson was running out of time and options. There was no political support in Washington to keep throwing money at the problem. Wall Street would just have to learn to bear the consequences of its own folly. Today, many say that it was the wrong decision. The resulting financial meltdown (the stock market plummeted 43%) forced the authorities to do exactly what they had been trying to avoid - commit trillions of dollars to rescue the financial system.
  • Now fast-forward to the present. The "troika" of lenders to Greece - the European Union, International Monetary Fund (IMF) and European Central Bank (ECB) - may soon face a similar moment of reckoning.
  • ...5 more annotations...
  • The government in Athens has consistently failed to cut its overspending as much as promised, and keeps coming back for more money. The Greeks complain that spending cuts demanded by the troika are killing their economy, which in turn pushes their tax revenues down, stoking the need to borrow yet more.
  • Would they really pull the plug on Greece to make an example of it? Or, with daily protests on the streets of Athens, could Greece itself walk away from the table? And if so, would it trigger another global meltdown?
  • Certainly it would be irrational for Greece to stop playing ball. Cut off from the troika's bailouts, the country cannot borrow. But even if it stopped paying its debts, Greece would still face enormous pain. Last year the government borrowed the equivalent of 10.5% of annual economic output, just to fund general government spending.
  • That overspend would have to stop immediately - far worse austerity than the troika demands. The Greek banks would also collapse, bereft of outside support. Having crossed the Rubicon of unilateral default, many economists believe the Greeks would leave the euro altogether. One reason is the need to devalue its currency to restore competitiveness. "Greece needs to move its exchange rate by at least 30% to have any chance of getting jobs back," says Mr Booth. Another is that the Greek central bank could then fund the government's continued borrowing with freshly-printed drachmas. But inflation would soar, and imports especially would become very expensive
  • That threatened a chain reaction of bankruptcies, which in turn caused a collapse of confidence throughout the financial system.
  • josh mower on 16 Sep 11
     
    If Greece defaults would it lead to another recession?
Duncan Innes

Black Wednesday - 16 September 1992 - YouTube - 0 views

www.youtube.com/watch

September youtube exchange rates euro BBC

shared by Duncan Innes on 17 Oct 11 - No Cached
  • Duncan Innes on 17 Oct 11
     
    You tube clip of Britain leaving the ERM
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