Tag Archives: #EU

EURO HUMILIATION: Germany ‘freaked out’ as Greece ‘could ditch EU currency for US DOLLAR’


Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency.

He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the eurozone.

FOLLOW THE LINK FOR THE FULL REPORT – JR 

http://www.express.co.uk/news/politics/766811/Eurozone-crisis-Greece-ditch-euro-US-dollar-Trump-Ted-Malloch

EU faces crisis as IMF warns Greek debts are on ‘explosive’ path 


The EU faces a looming crisis which could threaten the sustainability of the eurozone as the International Monetary Fund has warned Greece’s debts are on an “explosive” path, despite years of attempted austerity and economic reforms.

Global financiers at the IMF are increasingly unwilling to fund endless bailouts for the eurozone’s most troubled country….. 

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http://www.telegraph.co.uk/business/2017/02/07/eu-faces-crisis-imf-warns-greek-debts-explosive-path/

Trump Ghost Looms Over EU Summit as Leaders Push Back

U.S. President Donald Trump loomed over a Mediterranean gathering of European leaders, who used the meeting Friday to hit back at the new administration that has upended trans-Atlantic relations by dismissing the European Union’s validity.

“It is unacceptable that there be, through a certain number of statements by the president of the United States, a pressure on what Europe must be or what it must not be,” French President Francois Hollande told reporters Friday at the EU summit in Valletta, Malta.

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https://www.bloomberg.com/news/articles/2017-02-03/trump-ghost-looms-over-eu-summit-as-leaders-push-back-on-u-s

British economy holds up as Brexit negotiations loom

London (AFP) – Britain’s economy grew solidly in the final months of last year, official data showed Thursday, even as the country prepares to navigate a difficult departure from the European Union.
Gross domestic product expanded 0.6 percent between October and December, matching the GDP growth during the previous two quarters, the Office for National Statistics said.

FOLLOW THE LINK FOR THE FULL REPORT – JR 

https://www.yahoo.com/news/british-economy-holds-brexit-negotiations-loom-114209990.html