Expanding the Legacy
Tag: EU
24 Posts
The Manifest Destiny of Angela Merkel
As the Greek debt crisis inches to its climax, the euro’s guardians soften their tone of voice; not quite so sure any longer that contagion – and financial Armageddon – may yet be avoided. Over the past few weeks, the assurances that Europe will be fine, should Greece decide to drop out, have been gradually replaced by appeals to common sense.
Beyond the British Glitter
The UK economy may be growing at an impressive clip: the spurt is powered by borrowed money and, as such, akin to a bubble. The same holds true for the seemingly impressive economic performance of the United States.
New Elan Takes Hold of Economy
The triple terrorist attacks that rocked France last week will have a negligible impact on the country’s economy. According to Economics Professor Todd Sandler of the University of Texas Dallas business confidence is seldom affected when terrorists strike in advanced countries.
Greek Vote a Buying Opportunity?
After the Hellenic parliament on December 29 failed to elect a president in a third round of voting, triggering a constitutionally mandated snap election, yield on the benchmark ten-year bond jumped to over 9.7% (from its summer low of 3.5%) whilst shares on the Athens Stock Exchange plunged on average 11%.
