EMerging Equity
European Central Bank
Merkel Says There Should Be No Debt Reduction For Greece
German Chancellor Angela Merkel has said there should be no debt relief for Athens, a day after Greece’s new finance minister announced he would no longer cooperate with auditors from the so-called troika of creditors. At a strained press conference in Athens with Eurozone chief Jeroen Dijsselbloem on January 30, Yanis Varoufakis said Greece would … Continue reading
This Is The Beginning Of The End For The Euro – OpEd
By Michael Snyder The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe … Continue reading
ECB Announces Milestone €1.14trn ‘Easy Money’ Program
The European Central Bank announced it will embark on a fully-fledged quantitative easing program from March, which will break down to €60 billion per month. The move is made to counter a triple-dip recession in the eurozone. “Under this expanded program, the combined monthly purchases of public and private securities will amount to €60 billion, … Continue reading
Making Sense Of The Swiss Shock
By Marcus Brunnermeier & Harold James PRINCETON – Since the European sovereign-debt crisis erupted in 2009, everyone has wondered what would happen if a country left the eurozone. At first, the debate focused on crisis countries – Greece, or maybe Portugal, Spain, or Italy. Then there was a rather hypothetical discussion of what would happen … Continue reading
Swiss Franc Skyrockets To Record Level, As Central Bank Removes Euro Peg
The Swiss franc has added more than 15 percent against the euro after the Swiss National Bank dropped a three-year cap on the currency’s relative value. The bank said in a statement that the cap, introduced in September 2011,“protected the Swiss economy from serious harm,” but isn’t necessary any longer. The move comes a week … Continue reading
Greece Ready To Say Goodbye To Euro? – OpEd
By Ellen Brown Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.” A return … Continue reading
Time to Take the Euro Out of Germany?
By Jeremy Schwartz, Director of Research, WisdomTree In most cases, when investors think about international equities, they consider the fact that they are gaining exposure to the performance of the equities. However, that’s not the only investment they are making, they are also investing in the currency of the local market. And with this investment, investors … Continue reading
