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 […]
Read moreThe 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 […]
Read moreThe 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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