Flashback Milton Friedman: He Warned about the Euro
Milton Friedman > European Union. Friedman is a genius and wrote about the problems surrounding the adoption of the euro.
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Milton Friedman > European Union. Friedman is a genius and wrote about the problems surrounding the adoption of the euro.
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The anti-austerity party in Greece named Syriza won the election and now puts the entire European Union (E.U.) currency zone, the eurozone, at risk. The left-wing party may be joined by a right-wing party to form a coalition government and oppose the E.U. bailouts.
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The entire eurozone system could be thrown into chaos, some say, if the left-wing political party wins the upcoming election.
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Looks like the Greeks will be pushed out sooner rather than later, if the euro zone economy does not get any better, says Reuters.
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WASHINGTON — Lithuania expects they will be joining the European Union eurozone (the economic bloc using the euro has their main currency), even with their budget deficit higher this year than their original forecasts. Reuters reported that they aim to join the eurozone by 2015 and the main qualification is that its deficit cannot exceed […]
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WASHINGTON — The great news put out by the international and liberal American news media has dissipated. Europe, which was seen as being on an economic rebound, has stagnated. Reuters reported that the euro zone, or where the euro currency is used, has had a flat unemployment zone this past month in August. This marked […]
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WASHINGTON — Italy is facing yet another political crisis as a powerful former Italian prime minister had pulled out his political allies from the current government. Reuters reported that Italian Prime Minister Enrico Letta will meet with President Giorgio Napolitano to discuss their next move. Napolitano said he would dissolve parliament if it were the […]
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WASHINGTON — Greece may not need another bailout, announced Greece’s deputy prime minister on Wednesday. Reuters reported that Greece does not require a third bailout package and could possibly cover its financial needs without requiring more outside funding. Evangelos Venizelos, who doubles as a foreign minister in the government, is confident that Greece will not […]
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WASHINGTON — As the uncertainty of the recent German parliamentary elections take hold, the value of the euro currency dropped. Reuters reported that the drop in the value of the euro, which is the main currency of the euro zone (or the European Union countries that use it as their common fiat currency), is because […]
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WASHINGTON — As re-election season approaches, British Prime Minister David Cameron is facing an uphill battle in the face of steep opposition. Reuters reported that Cameron, a Conservative, is not polling well in British areas where an anti-European Union party split his valuable center-right coalition voters. Even with his main opposition, the Labor Party, in […]
Continue Reading7/7/2015 - Flashback Milton Friedman: He Warned about the Euro
1/26/2015 - Anti-Budget Cuts Greek Party wins Election, puts Eurozone at Risk
1/24/2015 - Greek Left-Wing Party could Stop Eurozone Bailouts
1/4/2015 - Germany would help Euro Zone if Greece exits the Economy
11/23/2013 - Lithuania could be a New Member of the EU
10/3/2013 - Slow Recovery or Recession? Euro Zone Unemployment Rate Flat in August
9/30/2013 - Italy: Facing Political Crisis, President calls for Calm
9/27/2013 - Greece doesn’t need Another Bailout, or So They Say
9/24/2013 - Euro Value dips as German Election is Undecided
9/16/2013 - UK Prime Minister Cameron Re-Election threatened by anti-EU party
9/11/2013 - Positive European Sentiment at all-time 2 Year High
9/10/2013 - Cyprus backs out of potential U.S. Strike on Syria
9/2/2013 - German candidates Spar over Economy
9/1/2013 - Uh Oh: Slovenia Recession eases, but More Pain Ahead
8/31/2013 - Euro Zone Morale Climbs as Unemployment Soars
8/17/2013 - EU pulling out of a Recession? Not so Fast
7/23/2013 - #RoyalBaby saga over as Britain welcomes a new Prince
7/16/2013 - Spain on Brink of Economic Collapse, says IMF
7/6/2013 - Germany’s Merkel tries to lower Youth Unemployment
6/7/2013 - France raises taxes on the rich