Tag Archives: Euro

Trouble in Paradise: Hands Off Cyprus

Leaders of the World Monetary Fund, along with board members of the ECB (European Central Bank) meet today to decide the fate of Cyprus. Cyprus is in deep financial trouble. The government is against an intervention or rescue from the … Continue reading

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Spain Richer Than Germany Says Bundesbank

Unbelievable, but true. A new report from the German Central Bank, or as it is called, the “Bundesbank”, has announced that, according to their calculatons,  Spaniards are 33% richer than Germans. According to them, Germans can only dream about possessing … Continue reading

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More Spanish Leeway?

Madrid looks much further off track. Spain, in recession last year and seen shrinking again this year, was asked last July to cut its structural deficit by 2.7 points in 2012 to 4.3 percent of GDP and by 2.5 points … Continue reading

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Eurozone in Recession Until 2014

The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting targets as a result, the European Commission said on Friday. Paris and Lisbon said they would seek more … Continue reading

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Spain Takes a Backseat

The Eurozone will continue in recession through 2014. Critics point to Spain, France and Portugal as the worst economies in Europe. Spain promised to cut their debt to 6.3 percent of national production, but ended the year with 10,2 percent … Continue reading

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