FRANCE 24 (France), CNN (USA) Worldcrunch FRANKFURT – European Union finance ministers have agreed on a deal giving the European Central Bank (ECB) new powers to supervise eurozone banks. This agreement came early Thursday after the ministers held talks for more than 14 hours in Frankfurt following months of tense Franco-German divisions. All finance ministers […]
Tag: currency
BBC PERSIAN, AL JAZEERA (Qatar) Worldcrunch TEHRAN – Iranian riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday, over the plunge in the value of the country’s currency. The Iranian rial lost a third of its value against the dollar in a week. Protests erupted after the arrest of illegal currency […]
In the face of the European debt and financial crisis, Hamburg-based economist Dirk Meyer has a “third way”: a system of parallel currencies. A professor at the Helmut Schmidt University of the armed forces, Meyer is convinced that in its present form the euro zone is simply not sustainable in the long term. He used […]