EMerging Equity
European Central Bank
Euro Continues To Fall To New Record Low Levels
“The euro and the dollar are nearly trading one for one, as the EU single currency continues to fall to new depths after the announcement of the ECB’s quantitative easing, the €1.1 trillion bond-buying program launched Monday,” RT reports. The euro has been on a steep decline since the European Central Bank announced its loose … Continue reading
How Greece’s Euro Stalemate Is Hurting Currency Markets
The drawn-out negotiations between Greece and its European creditors have the financial markets in turmoil at the idea of a Greek exit. The uncertainty brought about by the new Syriza government can be seen in the effect it has had on currency. The euro has depreciated sharply against most major currencies in recent months, including … Continue reading
Could Greece Sue The ECB?
By Neil Wilson One thing I’ve noticed about the European Central Bank (ECB) is that it likes to publish woolly worded documents and then brief its preferred interpretation of them to those who hang around in the lobby. Those then get written up and disseminated to become The Truth in the classic repeated assertion fashion … Continue reading
U.N. Holds Behind The Scenes Greek Derivatives Talks As Transparency Questions Raised
A key option in Greek debt negotiations, sovereign debt forgiveness, is apparently off the table as non-transparent Greek derivatives take priority over a compromise. The most unreported story in the Greek negotiation is the unknown impact of the derivatives contracts that underlie the economic system. What banks have exposure? Who is the primary U.S. regulator dealing with the … Continue reading
Greece Has Plan B – Panos Kammenos
So far Greece has not managed to secure a new debt agreement with the Eurozone. Panos Kammenos, the Greek Defence Minister, suggested that his country is willing to consider different options. He indicated that Greece could look for help outside of the Eurozone. On Tuesday, during one of the Greek television shows, Kammenos said “What we want … Continue reading
Euro Bankers Kick Syriza In The Face – The Latest Assault On Greek Democracy – OpEd
On Wednesday the European Central Bank (ECB) announced that it would no longer accept Greek government bonds and government-guaranteed debt as collateral. By Mark Weisbrot Although Greece would still be eligible for other, emergency lending from the Central Bank, the immediate effect of the announcement was to raise Greek borrowing costs and squeeze its banks, and to … Continue reading
It Is About To Get Ugly: Oil Is Crashing And So Is Greece – OpEd
By Michael Snyder The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total financial meltdown. What a difference 24 hours can make. On Tuesday, things really seemed like they were actually starting to get better. … 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
Greece Won’t Cooperate With ‘Troika,’ Rejects Aid Extension
The new left-wing Greek government has said that it will not cooperate with the ‘troika’ of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February. Without the aid, Greek banks could face being shut off from European Central Bank funding. … Continue reading
Greece, The US And The Neo-Liberal Coup – We Are All Greeks Now – OpEd
By Rob Urie Since the onset of economic calamity in the West beginning around 2007 ‘official’ response has been framed as modest successes with a few policy errors while the reality is of remote elites and their agents enacting punitive policies under the guise of material economic constraints. In this context the election of Alexis … Continue reading
