In an effort to protect its exporters dealing with Europe’s financial crisis, Switzerland has capped the franc’s exchange rate against the euro. Economies across the globe have been inconsistent, swinging wildly on a nearly daily basis, pushing investors towards gold and Swiss currency as a safe haven. As a result, the franc has become more…
Category Archives: Regional News
Greece Spirals Further Into Recession
According the Greece’s finance minister, the country’s worsening recession is likely to result in minimal to no growth next year. The European Union and International Monetary Fund have suspended a review in order to allow Athens to put additional efforts towards boosting growth. The Eye of the Cyclone “It’s important we leave the eye of…
Poland Believes EU May “Collapse”, Criticizes Leading Countries
According to central bank Monetary Policy Council member Anna Zielinska-Glebocka, Poland may join the euro zone before 2020, despite predictions on the contrary. She added that in order for this to happen, the euro zone must first enforce fiscal discipline amongst its current members. “I think it will happen before that,” Zielinska-Glebocka said. “On the…
Hysteria Sweeps Germany as EFSF’s Security Lessens
According to Klaus Regling, “hysteria is sweeping Germany,” as the pressure of the EU’s debt crisis spreads throughout the country’s primary institutions. The most recent threat comes as German Chancellor Angela Merkel runs out of coalition votes in the Bundestag, putting the reliable backing for Europe’s restored rescue machinery at risk and increasing the constitutional…
Floundering Greece Confident in EU and IMF Funding
Despite the economic turmoil throughout the EU, Greece is convinced it will be the recipient of the next debt rescue funding from the EU and International Monetary Fund. According to Greece’s finance minister Evangelos Venizelos “Greece’s borrowing needs are covered.” He added that in the meantime, the country’s task “is to carry on with our…
EU Avoids Own Crisis and Offers Aid in the Middle East
In the midst of discussions, meetings and debates regarding a united finance government, the EU has decided to contribute to other economically challenged countries. Yesterday, the European Commission approved 100 million euro for Egypt in an effort to improve living conditions in Cairo, create employment opportunities and to make sustainable energy more accessible. Making a…
Is America’s Debt Crisis Hurting the EU?
We now know that the immediately debt crisis in America has been diverted, but America is, by no means, out of the woods. Here, the show News Analysis takes a look at the American debt crisis and at how it is hurting the EU. Guests on the show include binary economics professor, Rodney Shakespeare; editor…
Monaco Royals Suing French Magazine
In recent news, those royals in Monaco aren’t happy with what the press has been saying about them. What a shame. Monaco newlyweds Prince Albert and Princess Charlene are actually taking the effort to sue the French magazine L’Express for publishing certain things leading up to the July wedding. Crazy Trip to the Alter On…
Poland Positioning Itself Well in the EU
As one of the new kids on the block, Poland is hoping to get in with the popular kids. Poland was one of the biggest of the 8 post-Communist countries that joined the EU in 2004. Now, they have their sights on being an influential policy-maker alongside heavyweights like France, Germany and the UK. EU…
Clamping Down on Belarus
The EU is showing its strength as it adds more harsh measures to its list against Belarus. They will be imposing a travel ban and freezing assets on another 15 or so officials from Belarus. The new names will be added to an existing list that already has about 175 names on it from Belarus. …
