Following ECB top chiefs’ latest press conference, some analysts thought that the ECB signaled the accommodative monetary policy (QE) will be ending while some other analysts said the ECB just opted for business as usual, meaning a smooth continuation of the QE. “Based on our...
When it says no, it means no even if it is the IMF that insists. The German government headed by Chancellor Angela Merkel reiterated its opposition to any relief for Greece’s debt. Even though the policies enforced since the sovereign debt crisis in 2011 have […]
Alan Greenspan, a former Chairman of the US Federal Reserve (Fed) from 1987 to 2006, deemed the collapse of the euro area inevitable if nothing changes. Expressing his “grave concerns” about the future of the European common currency, Greenspan told Gold Investor magazine that “the […]
A large amount of gold bars worth a total around USD 13 billion has been repatriated from New York to Frankfurt. According to the New York Federal Reserve, 642 tons have been sent back to Germany since 2013 and another 100 ton shipment from Paris...
Greece would still be on the brink of collapse, Italy would no longer control its public accounts and its banking system, the United States would seek to terminate the euro, the United Kingdom would seek a hard Brexit and major elections will take place soon...
Greece is again on the brink of collapse and threatens to return to the drachma, Italy has public accounts out of control and is next to early elections that will lead to further instability. The United States continues to attack Germany, first with fines for Deutsche […]
Since at least November 2016, the Greek government and its international creditors are engaged in an increasingly tense tussle. Yesterday, Cyceon informed its readers about the latest IMF report which worried about Greece’s general situation. Today, the Greeks can no longer read their favorite daily […]
“We are not currency manipulators,” said Mario Draghi, President of the ECB, about his institution and Germany during a Q&A session in the European Parliament on February 6, 2017. Draghi replied to accusations made by Peter Navarro, an economic advisor to US President Donald Trump. […]
“No one would claim (the euro) system of rules, safeguards and redistribution has been perfect. (…) But what we have built in Europe is a model for sustainable openness – one that can reap its gains while mitigating its unwanted effects,” said Mario Draghi, President […]
This has been an interesting year-end with the attack on Germany by US President-elect Donald Trump who denounced one more currency manipulation: the Euro (EUR) has in fact done what the Deutsche Mark couldn’t and if the current situation doesn’t end, the United States could […]