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Saving the Euro

On this coming Thursday, the European Union 27 leaders will gather in Brussels for a summit dedicated to revive the European economy. While the summit was called by the new European president, Herman Van Rompuy, not much action has yet been seen or heard from his office. Read the rest of this entry »

An anniversary for the Euro

Ten years ago Europe’s newest single currency, the Euro, began trading. It was its start as a global financial power and it took three more years for the simultaneous conversion of eleven European currencies into euro notes and coins. Read the rest of this entry »

Europe celebrates 10 years of the Euro

Euro coins

10 years after the European Central Bank was established, European leaders gathered in Frankfurt’s Old Opera to celebrate the accomplishment. How have things turned out and has the ambitious decision of launching an economic and monetary union paid off? Read the rest of this entry »

Two hours of Sarkozy!

Last Friday I published an article about the French president’s TV interview. As I had written it before it happened, I thought I could elaborate a little about what transpired during the almost two hours (it had been planned for 90 minutes) that it lasted. As I was curious about how he will go about it, I stayed glued to the TV watching Nicolas Sarkozy explaining and unambiguously defending his planned reforms as well as some of his positions on national and international politics. Read the rest of this entry »

The Euro reaches a new record high

Euro reaches new record high

For those Americans who were dreaming about a summer vacation in Europe this news is not too rosy. Facing the fears over the American economy just before the G7 meeting of the finance ministers, yesterday morning at 11:15 (Paris time) or 5:15 am (New York time) the Euro reached a new record: 1 Euro = $1.5913! Read the rest of this entry »