euro

CNBC reports: "Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the euro." http://www.cnbc.com/id/47793980

From "This American Life" featuring "Planet Money".... I highly suggest everyone listen to this hour-long piece on what is going on in europe and how it got there. I consider myself very knowledgeable on the subject but this helped humanize the story...

Letter to EU: Now Is the Time to Strip Countries of Sovereignty In their joint letter, Merkel and Sarkozy’s proposed plan would 1) Give the European Commission the power to impose penalties on nations that run excessive budget deficits (above 3% of GDP); 2) Require each member to amend their...

Sources in the Dutch government confirmed they are working on a plan with the German Government to minimize the damage done by a Greek bankruptcy, because they're sure it's going to happen. Here's the source (reliable)...

What are the chances that if/when the Euro fails, the Dollar will follow shortly after? I'm thinking with all the EU country bailouts and riots already beginning that the Euro may be the first one to go. I'm wondering if this happens, what are the chances and how long will it be until the...

The headline from this story today is that the bank debt in the UK is far greater than the UK government annual budget. In other words, they are bankrupt. http://www.telegraph.co.uk/comment/columnists/iainmartin/4295219/Gordon-Brown-brings-Britain-to-the-edge-of-bankruptcy.html So from our...