euro

Euro Was Flawed at Birth and Should Break Apart Now It seems there is indeed a major problem (or problems) with the euro, but I don't agree with the author's proposed solution (a simultaneous withdrawal from the euro) because I think it is unworkable. A much better solution IMHO would be to...

It appears that some kind of default is inevitable for Greece at least. Even if everything goes according to the most optimistic projections, their debt will continue to increase. Other countries like Ireland, Portugal and Spain also have major problems...

I am a little surprised there's not a current thread about the status of the euro or any transnational currency union in the wake of uncertainty first in Greece and now in Ireland. Here's a pessimistic view of the situation in Ireland...

Asian markets are up this morning on news that Europe is launching a trillion-dollar fund to buy sovereign debt and take direct action in the secondary markets. The markets seem to be happy, so maybe this is enough medicine to calm them?

EU Officials Concerned about Weak Pound So, with respect to all currencies other than the euro, the position of those EU officials is that they want those currencies to be stronger, not weaker. Gordon Brown thinks it is good that the pound is weak. The Japanese and the Chinese want their...

I remember Oliver making a similar statement (BTW, where has Oliver gone?), but I think it deserves one thread of its own. Since the US did not invade Iraq because of 911, not because of WMD, it is hard to give an explanation to the invasion. I just found a possible explanation here: Prior...

There is a rumor that the Invasion of Iraq had something to do with Saddam's plans to switch to the Petroeuro which allegedly would have threatened the US economy. Now I'm not very familiar with the Petrodollar/Petroeuro system - what would have been/would be the damage for the US economy if...

All this Euro loving has me wondering what is going on. Many of the flag wavers have not been critical of Europe before, but many have been. Where I would regularly see references to 'old and new Europe' and other attacks, now it is all about defending Denmark, which is most definitely a...

Hey there, This post was inspired by the "Fuel Prices..." thread My question is this: what would be the short- and long-term impact on the USA if oil were bought and sold in Euros instead of US Dollars? I assume it would be negative, but why? I would guess that any importer of oil must have...

Rough summary of results : UKIP (who want the UK to leave the EU) got around 17% of the vote, with parties who want us to remain in the EU getting about 80% of the vote (since I think the BNP want us to leave too). Labour get their worst result in a national election since 1918. The...

Small countries must make the sacrifices necessary to follow the rules, Germany and France don't have to?