Poland is the EU country that is most afraid of adopting the euro. But why are Poles so afraid, and what economic prospects could help them change their mind?
Tag: euro
Increasingly widespread across France, these alternative currencies are emerging as a new tool for promoting short supply chains, local economies and ecological transition.
The creation of a new common currency will be one of the main questions on the agenda at the BRICS summit in South Africa in August. But there are still many obstacles to overcome before breaking free from the almighty dollar.
Which leaders will be remembered from this moment in history? So asks Catherine Chatignoux.
Welcome to Wednesday, where Israel carries out first airstrikes on Gaza since the ceasefire in May, Joe Biden and Vladimir Putin meet for the first time since Biden’s election and Ronaldo changes Coke into water. Chinese daily Economic Observer also advocates for more open discussion about the real reason why China’s couples are not having […]
The European single currency is emerging as the new global provider of liquidity to the international financial system.
Europe’s Central Bank chief acted in past years to absorb EU bank debts and keep money flowing amid a major recession. Stable growth now depends on responsible policies by EU member states.
As U.S. hegemony fades, the dollar has become the worst currency in the world — expect, of course, for all the others.
-Analysis- BERLIN — While Brussels is palavering over a plastic tax that will never materialize, dark clouds are gathering over Europe. Right now, in plain view, the European Union is sliding straight into the next (and potentially deeper) euro crisis. The chaos in Italy — which holds the world’s third-largest public debt, totaling 2.3 trillion […]
-Analysis- BUENOS AIRES — Argentines are surprised when they hear Europeans are worried the dollar is becoming cheaper. But there’s reason for it. Cheaper dollars mean that foreign products will flood the old continent, which, of course, is good for importers. In Argentina, most people believe that a strong peso is better than a weak […]
-Analysis- LISBON — What a successful gamble for Lisbon: The European Commission is about to ratify the proposal to end Portugal’s excessive deficit procedure. The country will be joining the club of virtuous economies , against experts’ forecasts. The recovery is a remarkable achievement considering Portugal hit a virtual rock bottom in 2011. On the […]
After Brexit and Trump, Europe is forced to fight back. The precious Transatlantic Alliance may be at risk.
SPOTLIGHT: FRENCH CONSOLATION France needed this win badly. It has been a grim 18 months, with major terrorist attacks, a crippled economy and record floods, and the country yearned for the kind of unifying victory that sports can provide. And so an edgy kind of optimism reigned ahead of kickoff at the European Soccer Championship […]
SPOTLIGHT: SOCCER & THE STATE OF FRANCE “Everything I know about morality and the obligations of men, I owe it to soccer,” French philosopher Albert Camus once said. And there’s definitely more than sports at play in the Euro 2016 soccer championship that kicks off tonight in France: There are heightened security fears around the […]
Le Parisien, June 10 “It’s time to party!” reads the front page of French daily Le Parisien Friday, which features a photograph of supporters celebrating the opening ceremony of the 2016 UEFA European soccer championship at the Eiffel Tower. The tournament kicks off on Friday with Romania facing France. The latter could do with a […]
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Istanbul Attack, Clinton Close, El Bronx
SPOTLIGHT: EURO 2016 ON EDGE The Euro 2016 soccer tournament starts Friday in France. By some accounts, it is the world’s third biggest sporting event, after the World Cup and Summer Olympics. This year’s contest will last for a month around the country’s biggest stadiums and is expecting to bring 2.5 millions fans to attend […]
LISBON — Portugal is relearning one of the basic tenets of democracy: Majority rules. The country’s four left-leaning parties are expected to bring down the minority center-right government of Prime Minister Pedro Passos Coelho with a vote of no-confidence on Tuesday, newspaper Diário de Notícias reports. The center-right coalition that has been governing since 2011 […]
Amid all the talk of debt, defaults and deadlines, it is not easy to understand just what is actually going on in Greece. After yesterday’s momentous referendum, we shine the spotlight on five key points to offer a way out not only for Greece and the Eurozone, but for the rest of us on information […]
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Who Is The Real Alexis Tsipras?
Those who know him best say Greek Prime Minister Tsipras is driven by three contradictory strands. Profile of a leader battling his ‘inner troika.’
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Extra! Greek Crisis, European Front Pages
Le Soir, June 29, 2015 The European and Greek flags billow beside each other under the headline “Disunion” on the front page of today’s Le Soir, a Brussels-based daily. Negotiations between Athens and its European creditors collapsed over the weekend, plunging the continent into a new depth of uncertainty and crisis. After European officials rejected […]
The European Union was built atop the rubble of so much bad history, meant to build democracy and keep peace among neighbors. But something came undone, and the union itself is now in mortal peril.
Yes, an open mind in Europe is necessary, but debt reduction isn’t even in the Greeks’ own interest. It’s time to change the way Greece works.
JORDAN VOWS “HARSH” WAR VS. ISISJordan’s King Abdullah II has vowed to wage war against terrorist group ISIS. He explained that his country’s response to the killing of a Jordan pilot, shown in a video that has shocked the world, “will be harsh because this terrorist organization is not only fighting us, but also fighting […]
Greece will vote in national legislative elections Sunday to choose its 300 members of parliament, after the ruling conservative coalition failed to maintain its parliamentary majority in December. And no, this is not your ordinary election. Polls suggest a victory of the radical left party, Syriza, with more than 30% of voting intentions, and stakes […]
In September 2011, in Thessaloniki, Greece, Apostolos Polyzonis set himself on fire outside his bank, which had refused to ease his debt payments. He survived, and so did his anger.
Latvia becomes the 18th member of the European single currency zone, adopting the euro just as the small Baltic nation starts to enjoy economic growth. Will Latvians come to regret it?
BERLIN – Germany has voted for stability and consensus. Chancellor Angela Merkel’s position has been confirmed with a convincing result. She has been entrusted with power for another four years, and will continue to lead the country with her cautious, considered politics. Strategy and long-term success form the yardstick for her short-term tactics. It is […]
-Essay- GENEVA – May is the month of Europe, celebrating the anniversary of the creation of the Council of Europe on May 5, and of the European Union on May 9. It is the opportunity to commemorate a man who played a determining role in Switzerland’s prosperity. This man was Robert Schumann, the French foreign […]
PARIS – Should the 500 euros bill be taken out of circulation? A study by Merrill Lynch raised the question, and it is not a small question, as those bills comprise one-third of the total monetary value of bills currently in circulation, that is to say some 300 billion euros. Still, the bills are very […]
AP (USA), BBC, THE GUARDIAN (UK) Worldcrunch NICOSIA – Cyprus has no intention of leaving the euro zone, President Nicos Anastasiades said in a press conference on Friday. “In no way will we experiment with the future of our country,” declared President Anastasiades. He said the situation of the country had been “contained” following its […]
BBC, REUTERS, TWITTER Worldcrunch NICOSIA – Banks in Cyprus have reopened Thursday after a two-week closure as the government was forced to accept a strict European Union rescue package to avoid bankrupcy. As discussions between the EU and the International Monetary Fund took place, eventually culminating in Sunday night’s late bailout deal, the doors had […]
EL PAIS (Spain), DIE WELT (Germany), BBC MUNDO Worldcrunch MADRID – After publishing a column comparing German Chancellor Angela Merkel to Adolf Hitler, Spanish daily El Pais has now retracted the piece and apologized following an outcry from Germany and elsewhere in Europe. In the column titled “Germany Against Europe”, economist Juan Torres Lopez wrote: […]
NICOSIA – Cyprus is in a state of shock. The banks have been closed for days and somehow, the country has to raise 5.8 billion euros to qualify for the bailout package proposed by euro zone finance ministers. The initial rejection by the Cypriot parliament to the controversial bank account levy plan, has left this […]
NICOSIA – The Cyprus Parliament’s initial rejection of the terms of the European Union bailout plan is bad news for Russia. The opposition to the required taxes on bank deposits means the risk is rising of a long-term freezing of corporate assets in Cyprus. Meanwhile new proposals for taxes on depositors in the island could […]
BERLIN – With all its other problems, the euro is also getting unexpected — and “underground” — competition from a new virtual currency. It’s called the bitcoin, and in case you haven’t heard, it is the most ambitious (and to-date, successful) attempt to create a new online currency, generated by the calculations of thousands of […]
REUTERS, BLOOMBERG Worldcrunch NICOSIA – Global markets tumbled Monday as new doubts spread about the solvency of the eurozone with the Cypriot government preparing to impose a new levy on bank deposits in order to qualify for bailout funds. Finance ministers in the eurozone Sunday had demanded that Cypriots pay up to 10% of their […]
BERLIN – Europeans are in a virtual state of paralysis about the future, frozen by a fear that – were they to turn away from Brussels – the result would be a rise of reactionary nationalism. Not surprisingly, these new chauvinisms are perfectly suited for some political agendas – on all sides of the ideological […]
Awash in cash, the Swiss National Bank has been making major direct investment in the private sector and the bond market. It’s a frightening level of financial sway.
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 […]
L’EQUIPE (France), BBC NEWS (UK) Worldcrunch LAUSANNE – It is one of the most eagerly awaited announcements in soccer. But on Thursday, no country won the right to host the 2020 edition of the European Championship after UEFA, the continent’s governing soccer board, chose for the first time to spread the event across a dozen […]