We covered how the austerity measures are beginning to bite hard in Greece during our tale of two cities forex market commentary of last week. The youth unemployment problem is dire, adoption and care agencies are at breaking point as desperate families are giving up their children for adoption but these charities (having had their […]
Greeks Use Bailout Cash To Buy Military Hardware Read More »
So where do you see the euro ending 2012 and beginning 2013? Well here’s a surprise, despite all the doom mongering by the mainstream media when Bloomberg gathered up the predictions by the globe’s leading forecasters none of them predicted that the euro will disappear in a puff of value, at least not versus the
Leading Forex Forecasters Place Their Bets Predicting The Euro To Be $1.30 By 2013 Read More »
Despite the Eurozone debacle the French are showing remarkable trust in the system, their banks and our beleaguered, battered and bruised single Currency. With one of the lowest personal debt ratios in the Eurozone, partly as a consequence of the French not over indulging in the sub prime mortgage debt binge that Brits gorged on
The euro has strengthened versus the dollar for the first time in four days of trading due to the leaders of Germany and France meeting today. The euro had earlier fallen to an 11-year low versus the yen ahead of a report today that economists thought would show industrial production in Germany, Europe’s biggest economy,
Reasons To Be Cheerful Parts 1-2-3 Read More »
You don’t have to dig too deep by using Google or Bing in order to find alternative theories, beyond the deeply intelligence insulting rhetoric of “weapons of mass destruction”, for the invasion of Iraq. Similarly the Libya ‘liberation’ shared a common theory, currency wars. Theories suggest that Iraq threatened to sell oil in Euros, whilst
Is “Currency” The Real Reason The ‘Sabre-Rattling’ Versus Iran Has Escalated? Read More »
You know that scene in the film Groundhog Day, when Bill Murray is woken up by his alarm clock to find it’s the same old re-cycled pattern to his day, day after day? I really need to change radio stations for our alarm clock, every weekday morning I’m woken up at 6:45 am by the
So The Euro Disappears, What Happens Next? Read More »
International Monetary Fund Managing Director Christine Lagarde said on Friday at a gathering in Pretoria South Africa that she didn’t think 2012 would be “the end of the euro currency” despite the debt crisis in the euro zone. [quote] Will 2012 be the end of the euro? My answer is, I don’t think so. The
IMF Chief Predicts Euro To Survive Read More »
The big market event tomorrow could prove to be the latest NFP figures to be released at 1:30 pm GMT. Although the ADP figures have, (over the past few months) been a poor herald for the proceeding NFP figures on the following Friday, optimism remains high that the first NFP figures of the new year
Has The USA Turned The Unemployment Corner? Read More »
They are not too dissimilar in economic terms, Ireland is ranked as 48th on a global scale and Greece is ranked as 37th. The GDP per capita of Greeks is $27,875 (nominal, 2011 est.) and the GDP per capita of the Irish is $37,700 (estimate 2009-2010). There is one stark difference, the ease of doing
A Tale Of Two Austerity Cities, Athens And Dublin Read More »
The impact of austerity measures is hitting hard in Ireland. Arguably the first major developed economy to suffer at the hands of the ‘Austerical’ technocratic impositions of the EU and IMF the country is now teetering on the edge of a ‘technical recession’ although to argue the technicalities of such a situation seems irrelevant given
The Reality Of Harsh Austerity Measures As Illustrated By Eurozone Member Ireland Read More »
