EMerging Equity
Grexit
The Eurozone Has Failed Both Politically And Economically
Karl-Friedrich Israel and Jeff Deist discuss the current situation in Greece from Karl’s perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone. Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less … Continue reading
Greece Is For Sale – And Everything Must Go
By Nick Dearden I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece’s ‘valuable assets’. The fund was a real sticking point … Continue reading
Greek Economy Unexpectedly Expands In Q2
“Greece’s economy grew in the second quarter in a surprise surge just before the standoff between the government and its creditors forced officials to impose capital controls,” Bloomberg reports. Greece’s GDP grew 0.8% in Q2, according to The Hellenic Statistical Authority. The growth came as a surprise to Bloomberg-surveyed analysts, who were expecting to see a … Continue reading
Germany Made €100 Billion Profit On Greek Crisis According To The Study From Leibniz Institute Of Economic Research
“Germany, which has taken a tough line on Greece, has profited from the country’s crisis to the tune of 100 billion euros ($109 billion), according to a new study,” published on Monday, AFP reports. Each time investors got bad news about Greece, they rushed to the ‘safe haven’ of Germany, with the interest rates on … Continue reading
Greek Crisis: Why The Athens Stock Exchange Plunged On Reopening The 3rd Of August
After five weeks of closure, the Athens Stock Exchange reopened on Monday and immediately the trend went sharply down. Investors do not believe that a recovery of the Greek economy could occur soon. Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the … Continue reading
Greek Manufacturing Industry Collapses In July
The Greek manufacturing industry fell at a record pace and collapsed in July amid capital controls and as uncertainty grows over the country’s future relationship with the Eurozone. A manufacturing gauge by Markit Economics, known as the Purchasing Managers’ Index (PMI), showed that Greek manufacturing plunged to an all-time low of 30.2 in July, from 46.9 in … Continue reading
The Greek Coup: Liquidity As A Weapon Of Coercion
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” … Continue reading
The Economic And Financial Problems In Europe Are Only Just Beginning…
By Michael Snyder Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking … Continue reading
Will We See Eurozone Members Transfer Their Sovereignty To Form A “United States Of Europe”?
By Michael Snyder The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their … Continue reading
The ‘Greek Debt Deal’ Is Already Starting To Fall Apart
By Michael Snyder The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief. This is something that the Germans and their allies have … Continue reading
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