Greece is still in the news. Not surprising, since the European Union (EU) has never had such a huge problem as this with a member country. I’ve written a lot on the subject already and don’t want to belabor the point. But I’ll try to summarize here (data from Eurostat in billions of euros). Background. […]
We asked our professors their opinion on whether a 2-speed euro would help.
The best commentary came from the Spanish daily Expansión. They gave us nine pages on Draghi’s measures and a headline from a statement made by Francisco González, president of BBVA: “” (note – I added the “all” to that statement). Draghi was already talking, a few months ago, of measures that needed to be taken in […]
This colloquial phrase is used when something is considered impossible. That seems to be the case with the Swiss franc, which saw a major appreciation when the Swiss National Bank (SNB) announced it was floating its currency. It is an excellent example for one type of exchange rate. For obvious reasons, Switzerland is a major […]
The story teaches us that the rules governing the single European currency are not based on economic considerations …