Liz Truss’ record-setting short time in office showed that the UK cannot do whatever it pleases — even now that it’s left the EU.
Tag: Bank of England
-Analysis- SANTIAGO – While Argentina and Venezuela have had to devalue their currency as a result of rampant spending and foreign exchange shortages, the rest of Latin America faces exactly the opposite problem. Local currencies have appreciated against the dollar, which has had three negative effects. It is bad for exports; economies have become less […]
DIE WELT (Germany) Worldcrunch BERLIN – Whether it is its solidly high price per ounce or maybe even the end-of-year visit of Her Majesty, Elizabeth II, to view British gold reserves at the Bank of England, conspiracy theories are proliferating around gold – particularly as (or so rumor has it) some kilo bars appeared in […]
LES ECHOS (France) Worldcrunch A study published this week by two economists for the German Bertelsmann Foundation says that if Greece defaults on its debts and leaves the euro zone, it would cost the world’s major economies 17.8 trillion euros by 2020, and cause a severe worldwide depression, reports French business newspaper Les Echos. Greece’s […]