About Greece and the euro, a conservative U.S. magazine recently opined that �A common currency for the European Union was always a bad idea, because it required a common monetary policy for very different economies.
ONLOOKERS could be excused for thinking that Christmas had come again to the euro zone this month. On January 22nd the European Central Bank (ECB) said it was ready to buy over �1 trillion ($1.1 trillion) of sovereign and asset-backed bonds between ...
The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone. He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy.
Greece faces 1.5 bln euro debt payment to IMF in March. * Lenders rule out three short-term funding options. * Pressure on Athens to quickly complete bailout review for aid (Updates with expected green light for EBRD funding).
(Bloomberg) -- Economic sentiment in the euro area rose to a seven-month high and German unemployment dropped, keeping the region on a recovery path as the European Central Bank prepares to unleash its quantitative-easing program.