ATHENS Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to ...
Will chronic fiscal troubles prompt Greece to leave the Eurozone and possibly the European Union? It's an urgent question, but it's even more important for us to acknowledge that the European Union's problems are not uniquely Greek.
Euro zone annual inflation held steady at 0.2 percent in July, far below the European Central Bank (ECB)'s target and disappointing those who hoped monetary stimulus would provide a quick answer to the region's torpor.
The pound to euro exchange rate (GBPEUR) has slumped by over a percent over the course of Friday trade. The decline has no obvious catalyst leading us to suspect month-end portfolio rebalancing in the vast global investment community is to blame.