Eurozone debt

Continued from Part One.  The euro is the second most liquid currency in the world after the US dollar, accounting for nearly 40 percent of all daily trades. After that, liquidity in alternative currencies drops sharply, with the yen present in 19 percent of trades, pounds sterling in 13 percent and, the recently popular commodity currency, […]

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Markets have been driven down this year on fears of a Greek exit from the Euro, but two quick questions: would it really be so bad?   And what would the likely outcome be of a Greek reversion to the drachma? The euro has not suffered as badly from the debt crisis as the landslide of media coverage […]

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It would seem part of Italy’s financial problems stems from a vast and deeply entrenched cultural aversion to paying tax. Not that any of us like paying it — but most at least comply with the law. Not so in Italy. Last year authorities recovered around 11.5 billion euros ($15 billion), up from 3.7 billion […]

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