Euro

Eurozone Comes Back to Reality With a Crash

by Don Quijones • Dec 11, 2014 • 2 Comments

Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.

The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates”

by Wolf Richter • Nov 20, 2014 • 13 Comments

“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”

The Mother of all Jobs in the EU

by Don Quijones • Oct 25, 2014 • 11 Comments

The new Eurocratic elite is worried. Deep cracks are spreading.

Finland Downgraded, Prime Minister Busy Eating his Euro-Crisis Words that AAA-rated Countries Should ‘Dictate the Rules’

by Wolf Richter • Oct 10, 2014 • 16 Comments

Et tu, Finland?

Standard & Poor’s Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts

by Wolf Richter • Sep 24, 2014 • 5 Comments

A true debacle is unfolding. Just when we thought the euro was finally safe.

Young Italian Prime Minister Dares (!) to Defy Troika

by Don Quijones • Aug 12, 2014 • 4 Comments

“I’m not part of that system that has destroyed this country,” said Prime Minister Renzi. National leaders were deposed by the Troika for lesser sins.

European Banks Begin to Sweat As ECB Promises Scalps

by Don Quijones • Jul 21, 2014 • 2 Comments

European bankers have begun sweating, not because of the harsh heat, but fear – of what could happen as battalions of bank auditors take up temporary residence at the headquarters of the biggest banks.

EU Regulator To Banks: Don’t ‘Buy, Hold, or Sell’ Virtual Currencies, Stick to ‘Fiat Currencies’

by Wolf Richter • Jul 5, 2014 • 4 Comments

Under the nimbus of its illustrious performance, the European Banking Authority has reduced the world of money to two abbreviations: VC (virtual currency) and FC (fiat currency). And it has taken sides.

Head of EU’s Newfangled Bank Regulator: Markets Are Dumb, Pumps Stocks Of Teetering Banks To Keep them From Toppling

by Wolf Richter • Apr 8, 2014 • Comments Off on Head of EU’s Newfangled Bank Regulator: Markets Are Dumb, Pumps Stocks Of Teetering Banks To Keep them From Toppling

It’s not often that a bank regulator proclaims stocks of teetering banks are undervalued because markets are too dumb to value them correctly. That’s what Danièle Nouy, chair of the ECB’s Single Supervisory Mechanism just proclaimed. She has a motive.

German High Court Blows Up Euro, Says ‘Oh Wait,’ Abdicates

by Wolf Richter • Feb 8, 2014 • Comments Off on German High Court Blows Up Euro, Says ‘Oh Wait,’ Abdicates

The ECB’s money-printing and bond-buying promise, lovingly dubbed Outright Monetary Transactions, became the bailing wire and duct tape that has kept the Eurozone together to this day. Turns out, it’s illegal under the EU treaties and unconstitutional in Germany.

Page 18 of 33

« 1 … 16 17 18 19 20 … 33 »