european debt crisis

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  • Woah: Greece’s youth unemployment rises above 60 percent


    Authority Authority:
    Idled. Greece has a lag of several months going with their unemployment reporting, and the recently revealed statistics from February produced a very unwelcome whopper: The youth unemployment rate just shattered a new record with about two-thirds of the country’s young people without a job. Via Reuters: Greece’s ...
    1 week ago
  • Gold: Panacea or Placebo


    Authority Authority:
    This is not the first time that central bank gold reserves have been evoked as a partial solution to public debt problems. In the depths of the Greek crisis, the sale of nation’s bullion reserves was briefly discussed as a means to bring down the debt burden, but the holdings were too small to make any difference. ...
    2 weeks ago
  • Big Week Ahead for the Euro-Dollar


    Authority Authority:
    EURUSD: Big Week Ahead by Elliottwave International Currency Specialty Forecasting Two news stories from Europe hit the headlines Monday morning (Apr. 29). One: Italy finally ended its political chaos and swore in the new government. Two: Eurozone economic confidence fell more than expected. EURUSD -- ...
    2 weeks ago
  • Should Icelanders Push for E.U. Statehood Anyway?


    Authority Authority:
    In late April 2013, a slight majority of Icelanders who voted in the parliamentary election went for a return to the center-right Independence and Progressive parties even though they had been responsible for the banking crisis that bankrupted Iceland. The two parties promised to forgive or renegotiate the ...
    3 weeks ago
  • Mercury Rising: Spanish Unemployment Breaks 6 Million Mark


    Authority Authority:
    Unemployment rate up to 27.2% Youth unemployment at 57.2% Spaniards leave labor market at record rate Here are 6 charts explaining the Spanish Unemployment Disaster: Source: Markit Research
    3 weeks ago

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