Eurozone - Page 5

Beware of Greece Demanding Debt Relief

Insolvent Greece is at the center of the European Financial Crisis that has led to a 20 percent devaluation of the exchange rate of the euro against the U.S. dollar. Polls indicate that in parliamentary elections on Sunday, the main leftist and center-right parties will finish one and two.

Louisa Gouliamaki / AFP

Germany Carves Out a Backdoor Exit from the Euro

The European Central Bank (ECB) gave the Left and their allies meeting in Davos, Switzerland, everything they could have hoped for with the announcement that they have agreed to print $1.13 trillion of new cash to buy the national debt of their insolvent members. But “hidden within the announcement is evidence of Germany’s weakening commitment to the European project,” according to Stratfor.

Euro-Notes_Reuters

Far Left Poised for Victory in Greek Election

The results of the Greek general election seem a foregone conclusion as Alexis Tsipras of the left wing Syriza party looks set to saunter home comfortably. The former communist, who very nearly won the last election after the European Commission

Tsipris_Reuters

Switzerland May Be Preparing for the End of the Euro

Something is brewing in Europe now that has the Swiss National Bank worried. If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg

AFP PHOTO / FABRICE COFFRINI