EMerging Equity
$HEDJ
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
Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st – OpEd
Europe is on the verge of a horrifying financial meltdown, and there are only a few short weeks left to avert total disaster. By Michael Snyder On Monday, talks that were supposed to bring about yet another temporary “resolution” to the Greek debt crisis completely fell apart. The new Greek government has entirely rejected the … 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
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
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
