The euro has lost around 12 percent of its value against the dollar since the beginning of this year Rome, Italy | Xinhua | The euro and the U.S. dollar have broadly traded on par with each other this week after a steep devaluation for the euro which experts say will …
Read More »Inflation, supply disruption stifle eurozone growth
Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …
Read More »Africa Isn’t Ready for Currency Unions
West African political leaders recently announced that the CFA franc – a currency created by France in 1945 for its colonies and still used by 14 African countries – will be replaced this year by a new currency pegged to the euro called the eco. COMMENT |Célestin Monga | But …
Read More »US natural gas emerging as rival to Russia in Europe
New York, United States | AFP | The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia’s hold on the European market. Russian exports to Europe remain a foundation of the continent’s economy, accounting for about 41 percent of …
Read More »COMMENT: The illusion of the French elections
The French presidential elections in 2022 will surely reverse the pro-EU result By Isidoros Karderinis The election of the Europeanist Macron, who is a real child of the banking system and of the forces of globalisation, to the presidency of France has prevented, on the one hand, the automatic …
Read More »COMMENT: Three surprises in 2017
The world could be caught off guard by these potentially transformative developments Economic pundits traditionally offer their (traditionally inaccurate) New Year predictions at the beginning of January. But global conditions this year are anything but traditional, so it seemed appropriate to wait until US President Donald Trump settled into …
Read More »Happy 15th birthday, euro: key things to know
Frankfurt am Main, Germany | AFP | The euro, used by nearly 340 million people each day, celebrates its 15th birthday on Sunday. Like a teenager in the throes of adolescence, the euro has lurched from crisis to crisis in recent years, but still manages to enjoy firm support across …
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