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Keyword: euro

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  • Watchlisted: You're Probably Already On A Government Extremism List

    01/25/2024 9:00:21 PM PST · by SeekAndFind · 81 replies
    Rutherford Institute ^ | 01/25/2024 | John & Nisha Whitehead
    “In a closed society where everybody’s guilty, the only crime is getting caught.”- Hunter S. ThompsonAccording to the FBI, you may be an anti-government extremist if you’ve:a) purchased a Bible or other religious materials,b) used terms like “MAGA” and “Trump,”c) shopped at Dick’s Sporting Goods, Cabela’s, or Bass Pro Shops,d) purchased tickets to travel by bus, cars, or plane,e) all of the above.In fact, if you selected any of those options in recent years, you’re probably already on a government watchlist.That’s how broadly the government’s net is being cast in its pursuit of domestic extremists.We’re all fair game now, easy...
  • European Parliament votes to abolish member states’ veto

    11/28/2023 1:44:26 PM PST · by Mount Athos · 34 replies
    Cyprus Mail ^ | November 22, 2023 | Tom Cleaver
    The vote passed with a razor-thin majority of 291 votes in favour to 274 against, with 44 abstentions. The main proposed changes include the abolition of the principle of unanimity in a total of 65 areas of law, as well as transferring competencies from the member states to the European Union. These include the transfer of inclusive competency on the matters of environmental protection and biodiversity, meaning that law pertaining to those matters would be entirely set at the European level. In addition, the shared competencies would be expanded to seven new areas, those being foreign and security policy, border...
  • The Euro’s 25-Year Absurdity: A Chart Reveals the Failings of Currency Union

    11/26/2023 3:31:42 PM PST · by davikkm · 10 replies
    In the past quarter-century, the Euro’s trajectory has unveiled a stark absurdity, encapsulated vividly in one chart. Before adopting the Euro, the Italian Lira depreciated by a staggering 83% against the Deutsche Mark over 25 years. However, in the subsequent 25 years since the adoption of the Euro, these two currencies have been pegged together. The question looms large: What were politicians thinking when they merged the currencies of economically disparate nations like Italy and Germany? The track record of the Euro tells a tale of unmet expectations. The Euro experiment, designed to foster economic unity, has fallen short. The...
  • Europeans invited to pick theme for new, 'more relatable' euro banknotes

    08/11/2023 5:44:23 AM PDT · by epluribus_2 · 21 replies
    Radio France Internationale ^ | 16/07/2023 | RFI writers
    People in the eurozone area have until the end of August to help choose a theme for the next generation of euro banknotes, as the European Central Bank prepares to revamp single currency for the first time in 20 years. (Euro banknotes are due to get a new look, as the European Central Bank prepares to overhaul their famously dull design.) The bank launched an online survey this week to get Europeans' views on seven potential themes for the new notes, which aren't expected to enter circulation until after 2026. The choices include birds, rivers and culture, as well as...
  • Treasury Secretary Says to Expect a Slow Decline in US Dollar as Reserve Currency

    06/14/2023 10:21:36 AM PDT · by EBH · 47 replies
    Watcher Guru ^ | 6/13/23 | Joshua Ramos
    Speaking today, US Treasury Secretary Janet Yellen said that there should be an expectation of a slow decline in the US dollar as a reserve currency. Moreover, the statements arrive amidst international de-dollarization efforts employed by a host of countries, including the BRICS economic bloc. Yellen had previously stated her expectation that the US dollar would remain unchallenged as the global reserve currency. However, it appears as though recent developments have shifted her stance on the matter. The global reserve currency status of the US dollar has been a constant headline over the past several months. Indeed, as international trade...
  • ECB calls for digital ID, authentication experts to develop rules for digital euro

    05/10/2023 6:51:55 AM PDT · by george76 · 14 replies
    Biometrics News ^ | May 9, 2023 | Chris Burt
    The European Central Bank is inviting experts in identification and authentication to contribute to the development of rules for the digital euro. A ‘workstream’ is being set up to establish identification and authentication requirements for the digital currency, with the goal of enabling best-in-class user experience and security. Impact assessments for various existing approaches to identification and authentication will also be carried out. The EU’s planned digital currency is expected to be stored in the EU Digital Identity Wallet, with support for peer-to-peer transactions. The Chair of the Rulebook Development Group is setting up several dedicated workstreams to support the...
  • India moves away from the dollar

    04/23/2023 2:42:23 AM PDT · by Jyotishi · 27 replies
    The Pioneer ^ | Tuesday, April 18, 2023 | Ashwani Mahajan
    India has taken its first step towards liberating itself from dependence on the US dollar by buying oil from Russia in Indian rupees We have seen the continuous rise of the dollar since the First World War. After World War I, in exchange for supplies, the Allies began paying in gold to the United States, due to which America became the world's largest gold reserve. After the end of the war, various countries linked their currencies with the dollar and with this, the 'Gold Standard' ended in the world and thus the dollar became the world's most preferred currency. All...
  • ECB begins great cash mop-up as banks repay 296 billion euros of loans

    11/18/2022 6:01:14 AM PST · by Oldeconomybuyer · 5 replies
    Reuters via Yahoo ^ | November 18, 2022 | By Francesco Canepa
    FRANKFURT (Reuters) -Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest cash withdrawal from the euro zone's financial system in the euro's 22-year history. The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity next year by trimming its multi-trillion-euro bond portfolio. The euro zone's central bank said lenders would repay 296 billion euros worth of the...
  • The speech that shook parliament

    09/28/2022 1:16:11 AM PDT · by TigerClaws · 37 replies
    Speech by Thierry Baudet, leader of Forum for Democracy, in the Lower House of the Dutch Parliament (States-General), 22 September 2022, during the series of formal speeches and debates following the King’s speech at the State opening of Parliament. The entire cabinet walked out of the Chamber when Baudet mentioned that the Finance Minister Sigrid Kaag had studied at St Antony's College Oxford and the Speaker then intervened to prevent Mr Baudet from completing his speech. Since the FVD leader was prevented from delivering his speech, on the say-so of the Speaker who represents the party of which Minister Kaag...
  • GLOBAL MARKETS-Sterling collapses as investors fly into dollars

    09/25/2022 8:21:35 PM PDT · by Oldeconomybuyer · 11 replies
    Reuters via Yahoo ^ | September 25, 2022 | By Tom Westbrook
    SYDNEY, Sept 26 (Reuters) - Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling in to U.S. dollars. Broadening worry that high interest rates will hurt growth hit Asia's currencies and equities too, with exporters from Japanese carmakers to Australian miners hit hard. The pound plunged nearly 5% at one point to $1.0327, breaking below 1985 lows. Moves were exacerbated by thinner liquidity in the Asia session, but even after stumbling back to...
  • Euro plummets to a 20-year low amid war in Ukraine

    09/21/2022 9:25:03 PM PDT · by Its All Over Except ... · 18 replies ^ | 9/21/22 | Staff
    It came after Russian President Vladimir Putin ordered the partial mobilization of reservists in an escalation of the war in Ukraine and after the Federal Reserve enforced another stark interest rate hike as a response to soaring inflation. ... The European Central Bank (ECB) had joined the push to fight inflation just recently, but has struggled to fully curb it. ...
  • Euro falls below parity with the dollar. What's the impact?

    08/23/2022 1:53:33 PM PDT · by SeekAndFind · 30 replies
    NEW YORK — The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. It's a psychological barrier in the markets. But psychology is important, and the euro's slide underlines the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia's war in Ukraine. Here's why the euro's slide is happening and what impact it could have: WHAT DOES EURO AND DOLLAR PARITY MEAN? It means the European and American currencies are worth the same...
  • Euro slides to 20-year low against the dollar as recession fears build

    07/05/2022 7:21:13 AM PDT · by zeestephen · 29 replies
    CNBC ^ | 05 July 2022 | Elliot Smith
    The Euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up, with gas prices soaring and the Ukraine war showing no signs of abating...The Dollar's strength continues, meanwhile, as risk-averse investors seek a safe haven, and the U.S. Federal Reserve embarks upon what looks to be an aggressive rate hike regime.
  • Euro Hits Parity With Dollar for First Time in 20 Years. Inflation Tipped the Balance.

    07/13/2022 10:17:43 PM PDT · by DallasBiff · 23 replies
    Barron's ^ | 7/13/22 | Brian Swint
    The euro briefly dropped below $1 Wednesday on a stronger-than-expected inflation rate in the U.S., breaking the parity threshold for the first time in 20 years. The shared currency of 19 European countries fell to $0.9998 before ticking up slightly to $1.0021 by midmorning. The last time that the euro hit parity with the dollar was 2002. In the past year, the euro has declined more than 15%. Much of the slide, though, has come since Russia’s invasion of Ukraine in late February. The war has rocked the euro-area’s fragile economy, fueling inflation by pushing up energy prices and threatening...
  • Russian rouble hits new lows in volatile trading

    03/03/2022 9:55:03 PM PST · by fluorescence · 31 replies
    Reuters ^ | March 3, 2022
    MOSCOW, March 3 (Reuters) - The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody's downgraded Russia's sovereign debt to "junk" status, with steps by the central bank and finance ministry failing to halt its slide. Russia's financial markets have been thrown into turmoil by sanctions imposed over its invasion of Ukraine, the biggest attack on a European state since World War Two. The stock market remains closed and trading volume on its sovereign debt has vanished. The rouble ended at 106.01 per dollar in...
  • Rouble, euro plunge after West steps up Russia sanctions; yen gains (New Record low for Rouble in early Asian trading)

    02/27/2022 3:11:25 PM PST · by marcusmaximus · 19 replies
    Reuters ^ | 2/27/2022 | Reuters Finance
    The Russian rouble plunged nearly 20% to a new record low versus the dollar on Monday and the euro sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system. read more The risk-sensitive Australian and New Zealand dollars also tumbled, while the safe-haven yen rallied as Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday, the fourth day of the biggest assault on a European state since World War Two. The...
  • European Central Bank plans euro bill redesign

    12/06/2021 10:23:01 AM PST · by Olog-hai · 5 replies
    Deutsche Welle ^ | 12.06.2021 | tj/rt (AP, Reuters)
    The European Central Bank (ECB) said on Monday that it plans to give euro banknotes a new look, with the general public in the 19-member eurozone to be asked for its input on the redesign. The euro was introduced in cash form in 2002. The banknotes currently feature windows, doorways and bridges of a generic character from different epochs, with no specific locations represented. […] A decision on the new designs is expected in 2024, the ECB said. The current banknotes do not feature depictions of people, but it is unclear whether that will remain the case. The ECB has...
  • Belgium Won't Take My Money

    09/13/2021 8:13:11 AM PDT · by Oshkalaboomboom · 35 replies
    Vanity ^ | 9/13/2021 | Oshkalaboomboom
    So we are in Brussels, capital of the European Union and presumably the inventors of the Euro. I went to buy an item that cost 1.26 so I gave them a 1 Euro coin, 2 10 cent coins and 3 2 cent coins, something that in America we would call exact change. The cashier refused to take it and asked for a 5 cent piece instead. Apparently they have outlawed pennies and 2 cent pieces in Belgium and are now rounding everything either up or down. So the driving force behind the Euro currency now refuses to take their own...
  • Exclusive: Russia's Rosneft to switch to euros in oil products tenders - traders

    08/21/2019 7:38:34 PM PDT · by NorseViking · 16 replies
    Reuters by Yahoo ^ | August 21, 2019
    MOSCOW (Reuters) - Russia's Rosneft, one of the world's top oil producers and exporters, has notified customers that future tender contracts for oil products will be denominated in euros not dollars, five trading sources told Reuters. The move, which could come as soon as this year, is likely to be seen as an attempt to offset any potential negative impact of U.S. sanctions on Russia. Rosneft, which accounts for over 40% of oil output in Russia, produced 45.8 million tonnes of oil products at home in the first six months of this year - from diesel and gasoline to fuel...
  • Our Battle Of Britain

    04/29/2019 6:22:33 AM PDT · by Fitzy_888 · 2 replies
    Pat Condell via YouTube ^ | April 29, 2019 | Pat Condell
    Video at link.