Posts tagged ‘single currency’

July 11, 2012

Hit the Eject Button

As the Top of the Bailout Pops continues I will provide a useful summary of the single currency crisis so far:

Bailout received:

Portugal €78 billion

Italy N/A (yet)

Ireland € 77 billion

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January 26, 2012

Euro Millions Lottery: Where Will it End?

Angela Merkel is certainly stubborn and Eurozone countries that are not in financial trouble have joined a growing chorus, including respected economists, that she is putting German interests ahead of Europe’s.

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October 28, 2011

Freedom Fries

Nicolas Sarkozy apparently snapped at David Cameron telling him that he was fed up of Britain telling them how to fix the Euro and it was none of our business as we were not part of the single currency.

The new father must be suffering

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July 8, 2011

Another Day, Another War

I don’t profess to know more than the real basics about this topic but why are the Euro zone countries declaring war on ratings agencies?  Just because they cannot manipulate private companies to do what they dictate, the Euro countries have decided to ‘clamp down’ on ratings agencies as some of them declared Greece to be in default in all but name and that Portugal’s bonds are like junk.

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