Tag Archives: euro

Ireland’s Minister of Finance Ditches His Stocks for Gold

The Irish newspaper The Independent reported yesterday that Michael Noonan, Ireland’s Minster of Finance has given the finger to his European stocks to invest in gold. Members of the Irish legislature, the Oireachtas, are required to annually declare any investments they hold … Continue reading

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Another Domino: Denmark’s Krone is Collapsing

Each day more pressure builds to end the euro. The Danish Krone is crumbling this morning after a statement made yesterday by the head of Denmark’s Economic Council, Hans Jorgen Whitta-Jacobsen. He said that the country would use “capital controls” if necessary … Continue reading

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Is the Stage Being Set for World War 3?

Throughout history there has always been a war going on somewhere, so it is nothing new that right now there are many pockets of the world currently embroiled in violence and unrest. But it is when grander dialogues emerge that … Continue reading

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ATMs in Switzerland Run Out of Euros

This morning, ATMs throughout Switzerland were emptied of euros and long lines were seen at currency exchanges as people rushed to cash in their Swiss Francs for euros or dollars. Overnight, the Swiss Franc rose more than 14% against the … Continue reading

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European Central Bank Begins Bond-Buying Program

The European Central Bank has begun its bond-buying program as part of an effort to prevent a triple-dip recession and enhance the current stimulus plan, the bank announced today.  Mario Draghi, the President of the ECB, has announced that he … Continue reading

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