By Barbara Zigah Recent events, including the downgrade of Spanish and Greek debt, the geopolitical turmoil in oil-producing nations, and a major earthquake in Japan, have sent many investors in search of safer investments. It was earlier reported that the yield between German bunds and other E.U. nation debt instruments widened today, though that is [...]
Tag Archives: euro
Eurozone Growth Steady,Slightly Below Expectations
By Barbara Zigah According to data released earlier today by Eurostat, the Eurozone’s growth for the last quarter of 2010 was unchanged from the previous quarter at 0.3% GDP, and fell short of economists’ forecasts of 0.4%. When compared to the last quarter of 2009, GDP (seasonally adjusted) rose 2% in the 4th quarter of [...]
ECB Succession Creates Whipsaw for Euro
By David Becker The Euro has been able to gain traction, but today’s report that Weber may not get the nod to replace Trichet may trigger a bit of uncertainty regarding the European Central Bank. The report indicates that Bundesbank President Weber will not be the next ECB president. Mr. Weber said during a private [...]
