Tag Archives: euro

Europe Won’t Work in America

Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt… Read More »

Bad News for Globalists

European business activity fell in May, nearing a 35-month low, according to a survey by Markit. Its survey, based on European manufacturing and service sectors, fell to 45.9. The euro fell to a 22-month low against the dollar in response. Disagreement at Wednesday’s summit between European leaders about how to solve the dilemma did nothing… Read More »

EU Unemployment Stats Troubling

With the Euro-zone embattled in a financial crisis that has seen the heads of the governments of Greece and Italy ousted, it certainly appears that there will be more leaders of financially insolvent countries to also be ousted from office in the very near future. One of the most recognizable signs of an economy in… Read More »

Greece and the Euro Crisis

European Union and the Euro (€) Just in case you don’t know, the European Union (EU) uses, predominately, the Euro (€). Some countries, such as Great Britain, chose to not use the Euro. And some European countries, such as Switzerland, didn’t even join the EU. Now we see that Greece, a member of the Eurozone… Read More »