While Britain and the US kickstart their economic recovery, Europe clings to its sinking ship Rarely has the economic gulf that separates the English-speaking world and continental Europe looked quite as wide as it does today. While much of the… Read More ›
Euro
Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.
Cypriot authorities confirm raid on big depositors By Nick Squires, Denise Roland, and agencies 9:13PM GMT 29 Mar 2013 Under the arrangement, depositors in Bank of Cyprus will receive shares in the lender worth 37.5pc of any savings over €100,000,… Read More ›
Cyprus bank restructuring deal should be considered a template for the rest of the single currency bloc
Dutch Finance Minister and President of the Eurogroup Council Jeroen Dijsselbloem gestures during a joint press conference after a Eurogroup Council meeting at EU headquarters in Brussels on March 25, 2013. Photo: AFP Head of the Eurogroup of eurozone finance… Read More ›
If Germany were to leave the euro, it would be better off
Another week, another conference about the euro. This time it was in Singapore. Nevertheless, it was Germany that was uppermost in my mind, not least because several Singaporeans asked me why Germany doesn’t leave the euro. A worker walks by… Read More ›
How far 20 Euros go in EU member countries? That Wild and Crazy Euro
Tuesday, 18 September 2012 The 17 Eurozone members use the same currency, the “Euro”, however 20 euros goes very far in certain EU members and it will get you nowhere in other EU member countries. For example, with 20… Read More ›
Engineering Evil 