Category: PIIGS

CURRENCY “FLURRIES”

CURRENCY “FLURRIES”

Being a Meteorologist by military training, and being a Director of CEIFX.COM, a currency exchange corporation, I like the concept of FLURRIES. The word FLURRY evolved in 17th Century English as a combination of the words: FLUTTER and HURRY. If you have ever seen a bird flutter its wings, trying to escape a predator, or [...]

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GERMANY’S ECONOMY SHRINKING! NOW WHAT?

GERMANY’S ECONOMY SHRINKING! NOW WHAT?

OECD warns German economic output could fall. Official German data has shown a sharp fall in German exports From The BBC The German economy could contract by 1.4% in October to December, the Organisation for Economic Co-operation and Development (OECD) has warned. The OECD said Germany could be most affected by a downturn in global [...]

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A NEW SOLUTION FOR THE EURO

A NEW SOLUTION FOR THE EURO

Nicolas Sarkozy is trying to forge a plan for French banks to give Greece longer to repay French President Nicolas Sarkozy says his country’s banks would help Greece by giving it 30 years to repay. France’s Figaro newspaper said banks are ready to relend – or roll over – 70% of loans they hold. The [...]

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THE FED…WORLD BANK OF THE WEST?

THE FED…WORLD BANK OF THE WEST?

Fed May Be `Central Bank of the World’ After UBS, Barclays Aid By Bradley Keoun and Hugh Son, From Bloomberg,  Dec 2, 2010 Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for aiding other [...]

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EU GROWTH TO WEAKEN

EU GROWTH TO WEAKEN

EU Says Growth to Weaken as Crisis `Shadow’ Remains By Simone Meier, Nov 29, 2010, from Bloomberg Europe’s economy may weaken next year as budget cuts to stem a mounting debt crisis hurt consumer demand and faltering global expansion curbs exports, the European Commission said. Gross-domestic-product growth in the 16-nation euro region may weaken to [...]

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THE DOLLAR DROPS–THE EURO SOARS

THE DOLLAR DROPS–THE EURO SOARS

In spite of the fact that half of the EU is sinking under water, the Euro is rising rapidly. Why? Because the U.S. Economy, controlled by a group of Money Managers, out to make rich banks richer, have weakened the Dollar, and made unemployment the key feature of the Great Depression of 2008. This shift [...]

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THE WORLD CUP

THE WORLD CUP

I love soccer, which I played and my three sons and one daughter played. We are fanatics about this game. At the moment, our family is watching from the U.S., Austria and Australia. Other relatives are watching from Germany and Sardinia. Naturally, we are pro the European teams. I suppose some American lawyer would call [...]

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WHAT IS THE E.U.?

WHAT IS THE E.U.?

In Nature, we never see species blending. There is a myriad of different species living harmoniously in the same habitat, but each specie is doing that for which it is best suited. Europe, thirty years ago, was a group of small nations, each doing its own thing economically and culturally, and surviving peacefully with its [...]

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