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As part of a plan to lower Greece’s debt burden, and to try and contain the two year European Union crisis, it has been reported that euro zone leaders have come to an agreement with private banks and insurers. The agreement imposes upon those banks and insurers to accept a 50% loss on their holdings […]
September 15, 2011
The spiraling financial downfall towards default began with Greece and has spread to Ireland, Portugal, Italy and Spain. At first it seemed impossible, then unlikely, and now headlines actually predict that Greece is 98 percent likely to default on its sovereign debt. If Greece defaults, EU leaders and ECB officials will be trying to come […]
June 29, 2011
Joel Borshof, President and CEO of IMEX Examines Foreign Currency Exchange Developments Resulting From the Greek Debt Crisis on “Brainstormin’ with Bill Frank. AM 1400 KKZZ Listen here
June 24, 2011
The slowdown of the US economic recovery (latest estimates 2.7-2.9% instead of 3.1-3.3%), and the debilitating effects of Greece’s uncertain bailout are the driving and opposing forces creating havoc and volatility in the current foreign exchange markets. The Federal Reserve confirmed that it’s second round of QE2 (“quantitative easing” – a $600 billion bond purchase […]
August 17, 2010
With Apple overtaking Microsoft in becoming the world’s largest tech company, Apple may face some of the same obstacles that plagued Microsoft. The European Union is skeptical about the legality of Apple’s closed shop practice, meaning that application for Apple’s prodcuct are required to come from Apple itself. The EU Commissioner, Neelie Kroes, states that […]
October 28, 2011
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