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What started out with Greece is now spreading to other European countries. I’ve written extensive about the Greek Financial crisis and the Euro over the past few months as it became clear that this was not an isolated problem and may threaten the entire Euro Zone. It’s no secret that 2010 has not been kind to [...] With Airports across Europe closed or semi-closed for the past 4-5 days, it’s time to consider what effect this might have on the Euro. For those of you who don’t know what I’m talking about, a few days ago a volcano in Iceland erupted spewing out a massive cloud of volcanic particles which has settled over [...] The Greek crisis continues to tear down the Euro as more and more data indicate that Greece and its banks are edging closer to collapse. Yesterday, the prices of Greek bonds fell for the 7th day in a row. The expected return on Greek governmental bonds for 10 years rose to 7.353%. This is more than [...] |
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