Day: July 28, 2015

July 28
2015

Talk of Eurozone Exit Weighs on Euro

Once again, Greece is weighing on the euro. German advisers are talking about creating an insolvency process that would allow for a country’s exit from the 19-nation currency region if that country is threatening the eurozone. The news is contributing to the euro’s struggles today. A panel of independent advisers in Germany recommend creating a mechanism by which insolvency allows a eurozone currency to exit the monetary union. While the panel stopped short of saying […]

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July 28
2015

Ruble Falls Even as Russia’s Economic Decline Slows

The Russian ruble dropped today even after the report that the sharp decline of Russia’ economy has apparently ended. It looks like investors are still reluctant to come to the country that is under sanctions from the West. While Russia’s economy still demonstrated a substantial year-on-year drop by 4.2 percent in June according to reports, the monthly decline was just a miniscule 0.1 percent. Russia has experienced a sharp economic […]

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July 28
2015

Pound Rises After UK Growth Accelerates

The Great Britain pound edged higher today after the release of UK economic data that showed that United Kingdom’s growth accelerated last quarter. UK gross domestic product grew 0.7 percent in the second quarter of this year following the 0.4 percent increase in the previous three months. The figure matched analysts’ estimates exactly. The positive data eased fears about the possible negative impact of global fundamentals on Britain’s economy, […]

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