A resolution of the euro problem likely will signal a weaker U.S. dollar and higher interest rates.
As the crisis deepens, there is still a window of opportunity for Spaniards to turn to gold as a means to protect their wealth against the risks of increased foreign exchange volatility, forced re-denomination, or even a total currency collapse.
The ECB is now on a slippery slope from which it may have difficulty extricating itself, especially if the ECB balance sheet swells substantially due to OMT.
Despite all the tricks, both old and new, recession keeps creeping in. They still think the answer is more money.
Preserving a broken system merely to avoid the pain necessary to fix it only makes the situation worse.
I would like to call upon northern European governments to cease and desist from more ‘solidarity’ offerings to our fiscally-stricken, fast impoverishing nations.
Never underestimate a desperate central bank’s willingness to print.
Debt restructuring is the only way to get the debt under control and allow the policies of spending and austerity to work over time.
Germany will have to change their tone or risk being the ones seen responsible for breaking up the Eurozone and causing strife across Europe.
¿Qué fecha utilizarán los historiadores para señalar el fin del euro?
When currencies fail to adjust something else has to give.
Direct ESM assistance to banks would only be politically acceptable if EU member states were prepared to transfer authority for banking supervision to the EU level.