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21%  
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Keyword: euro

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  • EU SUPERSTATE: Brussels 'to force EVERY member state to adopt euro by 2025'

    05/23/2017 11:23:30 AM PDT · by Roman_War_Criminal · 23 replies
    Express ^ | 5/22/17 | Tom Parfitt
    Nine of the 28 member state in the EU are currently not part of the single currency. The UK and Denmark are exempt, but the remaining seven nations all agreed to adopt the euro when they joined the bloc. And now the European Commission has now demanded they them all start using the crisis-hit currency within eight years, according to insiders. The move, revealed by German publication Frankfurter Allegemeine Zeitung, who obtained a leaked copy of a Comission report, is likely to be fiercely opposed by Hungary, Poland and the Czech Republic's eurosceptic governments. Just last week, Polish finance minister...
  • French presidential candidate Le Pen softens position on euro exit

    04/26/2017 10:12:45 AM PDT · by Berlin_Freeper · 2 replies
    ibtimes.com ^ | April 26, 2017 | Michelle Mapa
    French presidential candidate Marine Le Pen has sought to soften her position on euro exit saying that she felt European but understands French concerns about their savings. Many French people were thinking that their savings could lose value once the country returned to the franc. During her interview on France's most watched television station TFI, Le Pen refused to say her stance on leaving euro. Her platform was to pull out the euros but some of her interviews contradicted it as she softened her views. On her campaign on Tuesday night, she avoided some of the incendiary attacks she made...
  • Italy's populist 'mad man' extremely worrying for euro area stability: Euro zone economist

    03/22/2017 5:13:01 PM PDT · by Lorianne · 1 replies
    CNBC ^ | 21 March 2017 | Sam Meredith
    Italy's anti-establishment and anti-euro party Five Star Movement (5SM) represent the greatest threat to euro area stability, analysts told CNBC on Tuesday, as the populist party surged ahead of its political rivals in the latest opinion poll, putting it on course to be the biggest party if elections were called. 5SM leader Beppe Grillo has enjoyed a recent, and remarkable, uptick in support, buoyed in part by the divisions in the ruling Democratic Party (PD) as former Prime Minister Matteo Renzi attempts to regain support. Grillo, who has campaigned for Italy to hold a referendum on the single currency if...
  • ItaLeave: Italy Increasingly Likely To Abandon The Euro

    02/05/2017 10:19:54 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/05/2017 | Submitted by Mike Shedlock via MishTalk.com,
    An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.The only missing ingredient is an early election. And early elections are now the odds-on favorite.Let’s back up a bit to fill in the pieces as to how things got to this point. Former prime minister Matteo Renzi stepped down in December after holding a referendum that failed miserably. See Renzi Resigns Following Crushing Referendum Defeat: Beppe Grillo, Marine le Pen, Matteo Salvina TweetsItaly’s president, Sergio Mattarella, appointed Paolo Gentiloni as the new prime minister after Renzi resigned. See Meet Paolo...
  • German architect of Euro currency dies aged 85

    12/28/2016 10:28:42 AM PST · by Olog-hai · 5 replies
    TheLocal.de ^ | 28 December 2016 16:55 CET+01:00 | AFP
    Former Bundesbank president Hans Tietmeyer, a key architect of the euro who oversaw its introduction in Germany, has died at the age of 85, the central bank announced Wednesday. Tietmeyer ran the mighty Bundesbank from 1993 to 1999, a period that straddled the aftermath of German reunification as well as the launch of the single European currency and the creation of the European Central Bank. [] A fierce defender of the independence of central banks, Tietmeyer was credited with ensuring that the same principle was enshrined in the statutes of the ECB, which was modeled in large part on the...
  • Weak UK pound an early Christmas present for Irish shoppers

    12/21/2016 7:24:09 AM PST · by Olog-hai · 3 replies
    Associated Press ^ | Dec 21, 2016 7:30 AM EST | Shawn Pogatchnik
    The threat of Brexit is delivering a Christmas bonanza to Northern Ireland, where the thousands visiting daily from the euro-using Republic of Ireland are finding bargains driven by the battered pound. In the malls of Newry, a Northern Ireland town barely 5 miles (8 kilometers) from the United Kingdoms only land border with a European Union partner, the surge in cross-border holiday shopping underscores how far the British currency has fallen amid anxiety over the countrys promised EU exit. While the euro is unusually weak against the resurgent dollar, the pound is far weaker, boosting price differentials on most goods....
  • Euro slips further toward one-to-one with dollar

    12/20/2016 11:00:11 AM PST · by Olog-hai · 17 replies
    Associated Press ^ | Dec 20, 2016 1:04 PM EST | David McHugh
    The dollars upward march has sent the euro currency to its lowest level in 14 years, easing the financial pressure on traveling Americans but giving European exporters a boost. The euro, used by 19 countries, was down 0.1 percent at $1.0390 late-afternoon Tuesday, having earlier fallen to $1.0352, its lowest level since early 2003. Over recent days, the euros descent to the psychologically important level of one euro per dollar, has accelerated. A major factor has been the prospect of more interest rate hikes by the U.S. Federal Reserve following a quarter-point increase in its benchmark rate last week. Higher...
  • Euro skids as Italy votes 'No' on reform, dollar in demand

    12/04/2016 3:45:55 PM PST · by aquila48 · 71 replies
    Reuters ^ | Dec 4, 2016 | Wayne Cole
    The euro slid in Asia on Monday after exit polls showed Italian Prime Minster Matteo Renzi clearly losing a constitutional referendum that could end his career and destabilize the country's shaky banking system. The single currency dropped to $1.0577 in thin trade, after starting around $1.0645 earlier. The dollar was underpinned by expectations of a U.S. rate rise this month, and even held its ground on the safe-haven yen at 113.20. Dealers said Italian bonds were set to come under pressure as top-rated U.S. Treasuries and German bunds gained. Asian investors are often reluctant to trade on European developments, preferring...
  • Italians to Vote on Referendum with Massive Potential Consquences

    12/03/2016 3:37:55 AM PST · by C19fan · 23 replies
    Breitbart ^ | December 3, 2016 | Chris Tomlinson
    Italians will vote on a referendum for reforming the senate on Sunday, but the implications for a loss could collapse the Italian government and threaten the Eurozone. The Italian referendum on Sunday, December4th, is at face value a vote on constitutional reform of the senate that would limit the power of the upper house of parliament to veto bills, among other proposed amendments to the constitution.
  • Why Italy Matters [AFTER BREXIT & TRUMP, IT'S NOW "ITALY FIRST"]

    12/02/2016 3:01:26 AM PST · by expat_panama · 19 replies
    Investors Business Daily ^ | 11/30/2016 | ROBERT J. SAMUELSON
    Italy may be the next stop on the world's journey to more economic nationalism. First we had Brexit Britain's decision to leave the European Union. Then we had the election of Donald Trump as the next U.S. president, pledging to put "America first" in his policies. Now Italy may be treading down the same path. What's at issue is a constitutional referendum, scheduled for Dec. 4, that would make it easier for the parliament to pass measures intended to improve a lackluster economy. But the latest polls suggest the referendum will fail, placing Italy in a precarious economic and...
  • Trump-fueled dollar rally set to continue in the year ahead: Reuters poll

    12/01/2016 7:02:39 AM PST · by GonzoII
    Reuters/Investing.com ^ | 40 minutes ago (Dec 01, 2016 09:20AM ET) | Rahul Karunakar
    (Reuters) - The U.S. dollar rally is likely to continue into the coming year on expectations that President-elect Donald Trump's proposed reflationary economic policies will force the Federal Reserve to raise interest rates more quickly, according to a Reuters poll. Most foreign exchange strategists also say risks to forecasts for the dollar to gain against every major currency are skewed to the upside. They see nearly one chance in three the euro will reach or fall below parity in the year ahead. "(The dollar) continues to reign supreme on the back of bets of improving growth and the inflation outlook...
  • Euro, Dollar Flirt With Parity

    11/19/2016 12:46:46 PM PST · by Enterprise · 14 replies
    http://www.wsj.com/ ^ | Nov. 19, 2016 | Mike Bird
    A 10-day losing streak for the euro against the U.S. dollar is rekindling an old debate: Will the single currency reach parity with the dollar? In the last two weeks, the euro has fallen 4% against the dollar, hitting $1.06, a level last seen 12 months ago.
  • IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

    07/30/2016 1:33:23 PM PDT · by Lorianne · 2 replies
    Telegraph (UK) ^ | 29 July 2016 | Ambrose Evans-Pritchard
    The International Monetary Funds top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. This is the lacerating verdict of the IMFs top watchdog on the funds tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions. It describes a culture of complacency, prone to superficial and mechanistic analysis, and traces a shocking breakdown in the governance of the IMF, leaving it...
  • Nostalgic Germans hoarding billions of Deutschmarks

    07/18/2016 12:29:30 PM PDT · by Olog-hai · 16 replies
    TheLocal.de ^ | 18 Jul 2016 16:09 GMT+02:00 | [DPA/The Local (With Reporting by Verity Middleton)]
    Fourteen years after the introduction of the Euro in cash, Germans are still holding onto their Deutschmarks (DM), mainly for the sentimental value attached to them. The DM, which was introduced in West Germany in 1948 under Allied rule and adopted in East Germany in 1990, was replaced by the Euro in 2002. On the 31st of December 2001, DM banknotes to the value of 76.57 billion were in circulation. Since then, more than 95% of DM banknotes in circulation have been exchanged for Euros, Dorit Feldbrgge from the Bundesbank (German Central Bank) told The Local. But that means that...
  • UPDATE 2-Germany becomes second G7 nation to issue 10-year bond with negative yield

    07/14/2016 5:54:46 AM PDT · by C19fan · 8 replies
    Reuters ^ | July 13, 2016 | Dhara Ranasinghe
    Germany on Wednesday became the second G7 nation after Japan to issue 10-year bonds with a negative yield, highlighting a willingness among investors to hold top-rated debt even as yields across the world collapse. Germany's 10-year government bond yield turned negative for the first time at an auction, fetching the lowest average yield on record for such paper at -0.05 percent.
  • Italian Govt Collapse More Than Just a Possibility

    07/07/2016 4:43:21 AM PDT · by Former Proud Canadian · 26 replies
    Mishtalk ^ | July 6, 2016 | Mike Shedlock
    Four new polls show comedian Beppe Grillos Five Star Movement (M5S) ahead of prime minister Matteo Renzis Democratic Party (PD) were an election held today. The next election will be no later than May 23, 2018. Renzi promised to step down if he fails a constitutional reform referendum later this year. The reform referendum will likely be held no later than this October. The populist Five Star Movement has emerged as Italys leading political party, overtaking Matteo Renzis ruling Democratic party (PD) in four separate opinion polls that have exposed the growing vulnerability of the countrys centre-left prime minister. The...
  • Now Juncker to force all remaining EU countries to adopt the euro after Brexit paves [tr]

    06/28/2016 1:48:01 PM PDT · by C19fan · 27 replies
    UK Daily Mail ^ | June 28, 2016 | Staff
    The eight EU members who do not currently use the euro may be forced to adopt it in a bid to speed up monetary union in the wake of Brexit. The Daily Express reports that Denmark, Sweden, Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania will be given an ultimatum by the President of the European Commission, Jean-Claude Juncker . The German newspaper Frankfurter Allgemeine Zeitung claimed there were plans afoot to accelerate the 'completion' of the monetary union. Brexit campaigners claim the plans show that the Leave vote in last week's referendum proved a 'great escape' for Britain.
  • 'Leave as soon as possible', EU chiefs tell Britain after Brexit vote

    06/24/2016 7:25:15 AM PDT · by Tolerance Sucks Rocks · 70 replies
    The Times of India ^ | June 24, 2016 | AFP
    BRUSSELS: EU chiefs on Friday told Britain to start negotiations to quit the bloc "as soon as possible", after outgoing Prime Minister David Cameron said he would leave the negotiations to his successor. "We now expect the United Kingdom government to give effect to this decision of the British people as soon as possible, however painful that process may be," said a joint statement after Britons voted for a Brexit . "Any delay would unnecessarily prolong uncertainty." The statement was issued by EU president Donald Tusk, European Commission chief Jean-Claude Juncker, EU Parliament leader Martin Schulz and Dutch premier Mark...
  • EU Referendum - The Result - Live (Brexit Referendum Live Thread)

    06/23/2016 2:25:24 PM PDT · by goldstategop · 2,252 replies
    BBC News ^ | 06/23/2016 | BBC News
    Live coverage of the result of the EU referendum. This is a live BBC stream starting at 21:55 BST.
  • Award-Winning Metals Market Report: June 2016 - Week 3 Edition

    06/20/2016 5:58:53 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | June 20, 2016 | Mike Fuljenz
    On June 23, the voters of Great Britain will decide whether or not to leave the European Union (EU), which Britain joined in the early 1970s. With a week until the decision is due, the forces of “Leave the EU” have increased sharply over the “Remain” vote. This has caused a collapse in the British pound in anticipation of the vote. This has also caused many Britons to exchange their weak pound sterling for gold. One leading British gold dealer said that the U.K. is outstripping all other regions for demand growth this month, up 59% in June. Their head...