Euro

Holiday Reading – James Bond to the rescue?

Sometimes when I read the news it seems like a script to a new James Bond movie. Dr No is at it again with a 300,000 strong cyberarmy whose only purpose is to get into other countries secret networks. And Blofeld, or maybe Goldfinger, is helping countries deceive their citizens as well as an entire continent. [...]

Is Soros right – Could the Euro crisis destroy the European Union?

“Germany is going to smell like roses but (the rest of) Europe is going to be pushed into a downward spiral, stagnation lasting many years and possibly worse than that,” George Soros said already a year ago. And what he predicted is now taking place. [...]

Russia joining the Euro?

Last week Vladimir Putin said it is “quite possible” that Russia will one day join the eurozone thus creating a currency that would replace the US dollar as the global reserve standard. This comes as it’s still unclear if the Euro can even survive the current sovereign debt crisis. [...]

Interconnected for better or for worse?

Understand how the markets work, but isn’t it incredible that a financial crisis made in America can even hit Saudi Arabia. Not only is the kingdom on the other side of the globe, it also has more money than any other country in the world. [...]

Will Greece go bankrupt?

Martin Feldstein, Harvard professor of economy thinks it will. If it wasn’t for the Euro the current situation would have been easier for Greece to handle, he says. Can it really go that far? Not overnight, but nobody would have believed two years ago that Lehman Brothers would go bankrupt. Or Russia defaulting a decade earlier for that matter. [...]