EMerging Equity
Austerity
Gold On The Rise As Greece Concerns Rattle European Markets
Gold rose on Monday, retaking its gains after a dramatic slide on Friday, February 6. By Sputnik News Gold prices rose on Monday, February 9 recovering from an almost three-week slide, triggered by both shrinking European share indexes and growing concerns regarding the Greek economy. Spot gold rose by 0.4 percent reaching $1,238.46 per ounce after it slid to $1,228.25 … Continue reading
A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk – OpEd
By Michael Snyder This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout. Officials … Continue reading
A Few Words On Greece
By Mark Mobius Greece’s ongoing debate about the best way forward has now played out at the ballot box, although many uncertainties remain. On January 25, Syriza, an extreme left-wing party led by Alexis Tsipras, won the biggest share of the vote in Greece’s elections, and it now has 149 seats in parliament, leaving it … Continue reading
Barack Obama Says That What America Really Needs Is Lots More Debt – OpEd
By Michael Snyder When it comes to taking a chainsaw to the future of America, nobody seems more eager than Barack Obama. Despite the fact that the U.S. national debt is on pace to approximately double during his eight years in the White House, he has just proposed a budget that would take government spending … Continue reading
Euro Hits 11yr Low After ‘Anti-Austerity’ Syriza Election Win
The election result in Greece has pushed the euro to an 11yr low, falling below €1.11 to the dollar for the first time since 2003. Investors soured as anti-austerity party Syriza won a majority promising to renegotiate Greek debt and end austerity. Shared by Greece and 18 other eurozone members, the euro fell 8.94 percent … Continue reading
Greece Swears In Syriza Leader As Prime Minister
Alexis Tsipras has been sworn in as Greece’s prime minister after his antiausterity Syriza party won January 25 parliamentary polls. Earlier on January 26, Tsipras’s leftist party struck a deal with a right-wing populist party, the Independent Greeks, to form a government after Syriza fell just short of the majority needed to govern alone. The … Continue reading
Syriza’s Victory In Greece To Add Instability To European Economy – OpEd
By Ylli Përmeti SYRIZA’s victory can be attributed almost completely to the conditions created in Greece in the last five years or so, mainly by the Right-wing coalition in Greece. But, while the Right-wing coalition used ‘fear’ during these years, if not (trans) national terrorism,[1] upon the population, the “Left”-wing coalition of SYRIZA, created the … Continue reading
Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy – OpEd
By Michael Snyder Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling … Continue reading
Greece’s Anti-Austerity Syriza Party Officially Wins Parliamentary Elections
Greece’s radical leftist party, Syriza, has won the country’s parliamentary electiona, claiming 35.11 percent of the vote, and leaving the ruling New Democracy party in second place with 29.22 percent, according to the first official results. The exit-polls earlier revealed that Syriza, has won between 35.5 and 39.5 percent of the vote in the national … Continue reading
Greek Anti-Austerity Party Syriza Leads Exit Polls With 35.5% To 39.5% Of Vote
Greece’s radical-leftist party, Syriza, has won between 35.5 and 39.5 percent of the vote in the national parliamentary election, leaving the country’s ruling New Democracy party more than 10 per cent behind, the exit-polls revealed. The New Democracy party, led by Greek Prime Minister, Antonis Samaras, has received between 23 and 27 percent of the … Continue reading
