Browsing All posts tagged under »EU«

European Sovereign Debt Crisis: Has China Boarded the Train?

October 28, 2011

0

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 […]

The Never Ending Story of European Sovereign Debt Default & Bank Instability

September 15, 2011

1

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 […]

Foreign Currency Developments Resulting From The Greek Debt Crisis

June 29, 2011

0

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

The Foreign Exchange Market’s Economic Uncertainty

June 24, 2011

0

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 […]

The Big “Apple”

August 17, 2010

0

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 […]