Showing posts with label Eurozone. Show all posts
Showing posts with label Eurozone. Show all posts

Sunday, July 19, 2015

We ARE Greece--Just Not QUITE Yet!

We ARE Greece--Just Not QUITE Yet!

July 19, 2015 Europeans , Eurozone 0 Comments

The Key Similarities Between Greece And The US

By Romina Boccia, July 19, 2015 Daily Signal

In June, Greece defaulted on a €1.73 billion payment to the International Monetary Fund. In a national referendum shortly thereafter, the Greeks strongly rejected European conditions for receiving yet another bailout. For the first time in the eurozone’s history, the exit of one of its member countries became a very real possibility.

This week, Athens dodged a steep financial crisis—at least for now. Greek leaders capitulated to the Europeans.

Athens will get its third bailout since 2009 in return for enacting certain reforms demanded by its European creditors. Among the demands are national asset sales (including privatization of Greece’s power distribution network), labor-market reforms, reductions in public pensions and an increase in the national sales tax.

Read More: http://dailysignal.com

Join us - become an Elderado today at: LarryElder.com  

Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
By - No comments:
Labels: , , , ,

Sunday, May 10, 2015

The Greece Problem--What To Do?

May 10, 2015 Eurozone , Greece 0 Comments
Eurozone set for highest growth since recession's end but Greece back as a potential risk 

By Pan Pylas, May 10, 2015, USNews.com

LONDON (AP) — It may only account for 2 percent of the eurozone economy but Greece has a habit of punching above its weight when it comes to bruising the currency union.

And there are fears it could be once again posing a threat to an otherwise burgeoning recovery.

Official figures on Wednesday are expected to show that the 19-country eurozone grew by 0.4 percent in the first quarter of 2015 from the previous three-month period. That's up from the 0.3 percent recorded in last quarter of 2014 and would be the eurozone's highest growth rate since the second quarter of 2013, when it emerged from its longest-ever recession.

In the first quarter, Germany, Europe's biggest economy, is expected to have led the way, its export-heavy economy prospering from the fall in the value of the euro — Europe's single currency has fallen to near a decade-low against the dollar in the wake of the European Central Bank's decision to launch a 1.1 trillion-euro ($1.2 trillion) monetary stimulus. Low oil prices, less stringent budgetary policies around Europe are also helping to shore up the recovery.

Read the full story:  www.usnews.com

Join us - become an Elderado today at: LarryElder.com

Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
By - No comments:
Labels: , , ,