“I Am A Citizen, Not Of Athens Or Greece, But Of The World” – Socrates (Ancient Greek Philosopher, 470 BC-399 BC) Greece’s government heads into a second day of intense talks with its private creditors in a push to reach an agreement that would ultimately slash the nation’s debt and avert a collapse of its […]
I Am A Citizen, Not Of Athens Or Greece, But Of The World Read More »
European leaders will this week try to deliver new fiscal rules and cut Greece’s debt burden hoping investors ignore Standard & Poor’s euro-region downgrades. Initially European markets fell on opening as did the Euro which have both recovered to be hovering around positive territory. The thought could be that the French downgrade in particular was
Is The UK Back In Recession? Read More »
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 »
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 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 »
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 »
U.S. stocks recovered to close flat on Wednesday due to positive economic data whilst crude oil moved higher due to a European Union agreement to ban imports of Iranian oil. The euro and European equities struggled to make gains as investors’ concerns once again returned with regards to the region’s debt crisis. Concerns about the
Despite the Nikkei index closing up the Hang Seng and CSI closed down in the overnight early morning session. European markets have followed suit, the majority of main bourses indices are down in the morning session. Reality and sobriety could be hitting the European markets due to Greece suggesting it could leave the mechanism inside
The Initial New Year Rally Appears To Have Faded Read More »
“Happy Birthday” is a 1981 single written, produced, and performed by Stevie Wonder for the Motown label. Stevie Wonder, a social activist, was one of the main figures in the campaign to have the birthday of Martin Luther King, Jr. become a national holiday, and created the single to make the cause known. The song
Happy Birthday To Ya, Happy Birthday. The Euro Could Become The World's Leading Currency Read More »
