Euro

The Greek word “syriza” means radical or from the grassroots.  That, however, does not describe the man who leads Syriza, Greece’s ruling party of the same name.
Prime Minister Alexis Tsipras mishandled the dramatic standoff with the EU and international creditors three years ago. He is now meddling with the country’s anti-terrorism laws concerning the Revolutionary Organization 17 November, a far-left group formed in 1975 that has carried out numerous assassinations.

 

Près de vingt ans après le lancement de l’euro, le 1er janvier 1999, la situation de la monnaie unique européenne est paradoxale. D’un côté, l’échec de ce projet est patent, étant reconnu par la plupart des économistes compétents, dont de très nombreux prix Nobel. De l’autre, ce sujet est maintenant tabou en France, au point qu’aucun responsable politique n’ose plus l’aborder de front. Comment s’explique une telle situation ?

Patrick Henningsen
21st Century Wire

Michael Nevradakis, Hellenic Insider’s “head insider,” was interviewed today on Radio Sputnik’s “Fault Lines” program, which airs on Radio Sputnik US, broadcasting on 105.5 FM and 1390 AM in the Washington DC area.

Apropos of today's News and Views, this article shared by Mr. HB, also from Zero hedge, tells the other side of the story: Italy's […]
The post TIDBIT: WATCHING ITALY appeared first on Giza Death Star.

As I said, watching Italy would be, and will be, lots of fun as the Eurocrats scramble to deal with it... and as I […]
The post NEWS AND VIEWS FROM THE NEFARIUM MAY 31 2018 appeared first on Giza Death Star.

Russian Finance Minister and First Deputy Prime Minister, Anton Siluanov, has proposed using the European common currency in order to settle transactions between Russia and EU members, while speaking at the St Petersburg International Economic Forum (SPIEF).
As an example of the successful function of using national currencies in foreign trade, Siluanov pointed out that Russia is already doing this with it trading partners.
RT reports:

Following Trump’s withdrawal from the 2015 multilateral Joint Comprehensive Plan of Action on Iran’s nuclear enrichment program, and the resumption of extraterritorial sanctions coming up close behind, Europe is left with a sticky situation.
Either they can suit their own interests and express their regret to their American partner, or, vice versa, abide by America’s foreign policy of Iranian isolation and drop all business ties with Iran.

(MEMO) — Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central bank governor Valiollah Seif said last […]

Happy New Year to all of you!
In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened.  I underestimated the number of Fed hikes by one hike, but globally, average short term rates have remained around zero. That will be a core pattern throughout 2018.