Euro

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The Goldman Sachs Conquest of Europe.

The euro zone financial crisis has seen its share of historical events but none more telling than the recent ascension of Mario Monti to the Italian Prime Minister’s chair. With the removal of Berlusconi and the rise of a government of technocrats determined to right Italy’s financial ship of state, yet another European nation’s leadership […]

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New Greek Prime Minister Papademos Has Difficult Task Ahead of Him.

Recently named Greek Prime Minister Lucas Papademos is said to be working around the clock to avert Greek default on their sovereign debt obligations. Like recently minted Italian Prime Minister Mario Monti, Lucas Papademos is a technocrat, heading Greece’s first coalition government in recent memory. Necessary austerity legislation is still wildly unpopular with the Greek […]

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Italian Prime Minister Silvio Berlusconi’s 17 Years Are Over.

Silvio Berlusconi’s resignation was accepted by Italian President Giorgio Napolitano and it is likely that Mario Monti will succeed him. Berlusconi follows former Greek Prime Minister George Papandreou as the latest casualty of the euro zone financial crisis. Berlusconi was unable to pass key financial austerity measures earlier this week, signaling a loss of a […]

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Italian Prime Minister Silvio Berlusconi Offers Resignation in Return for Euro Reforms.

Italian Prime Minister Silvio Berlusconi may be the latest domino to fall in the toppling of governments that has followed the spread of the euro zone financial crisis that has already claimed Greek Prime Minister George Papandreou’s government. In exchange for his resignation, Berlusconi wants the Italian parliament to pass the austerity measures requested by […]

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Greek Prime Minister George Papandreou’s Call for a Referendum Plunges Greek Government, Markets Into Chaos.

Embattled Greek Prime Minister George Papandreou’s call for a referendum on the proposed Greek bailout package has sent his government teetering on the brink of collapse and left the global financial markets roiling in its wake. Indeed, it has almost become farcical that a nation, incapable of repaying its debts, is now holding the eurozone […]

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Finland asked Greece for collateral, other Euro states miffed.

Euro Group President Jean-Claude Juncker is upset with the bilateral agreement between EU states Greece and Finland with regards to Finland’s request for collateral in the 109 billion euro bailout agreement. Bilateral agreements within the EU are particularly irksome when the other members who contributed to the bailout requested nor received any such concessions. Junckler […]

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New IMF chief Christine LaGarde advocates capital injections for European banks.

IMF Chief Christine LaGarde, replacement for Dominique Strauss Kahn (who seemed to be busier chasing tail than focusing on his job), has advocated for a capital injection into European banks and states that ‘decoupling’ EU states from the monetary union is a myth. She has argued for capital injections into European banks, solutions to the […]

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Eurobonds or die?

As discussed in previous blog posts, the problem with the Euro and the current debt crises wracking EU states like Greece and Spain stems largely from the EU member-states unrestrained ability to borrow money in the form of sovereign debt. While the Euro binds the EU together in monetary union, each member state is still […]

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Will the collapse of sovereign debt in Europe trigger the end of the Euro and the EU?

Ever since 2008 the financial world has been roiling because of various forms of insolvency. The most frightening of all developments has been the revelation that certain members of the EU have failed to adopt modernization policies (maintaining cartels and old labor agreements that were unworkable) aimed at making their economies more competitive and that […]

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Euro-cash.

In debt markets, size matters. This article proposes that the EU proceed with the creation of a large common market for their sovereign debt to rival the debt markets of Japan and the United States. It also says that the EU should do this with or without Germany, which begs the question whether the author […]

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