Yesterday, on Monday, the American ratings agency Moody’s lowered the credit futures from “stable” to “negative” of three EU countries – Germany, the Netherlands and Luxembourg.
Germans are in no mood to deal with opportunist Moodys, a detached and biased market analyst based on another continent who thinks it can just run rough-shod over other peoples – in this case European – economies. [...] Continue Reading…
German Foreign Minister Westerwelle has gone on the diplomatic offensive and debunked US media caricature of Europe and Germany as short-sighted and untrue. Last Friday he defended the EU’s and Germany’s response to the Euro-zone debt crisis management on a visit in the US and exposed the falseness of the caricature of Europe that prevails in US politics.
Speaking to a Washington so-called [...] Continue Reading…
The British Foreign Secretary Hague – who must have won the ‘upper class twit of the year award’ at least once – has likened the Euro zone to a ‘a burning house without any exits’
The arrogant and affected Hague then went on with another of those patent absurdities claiming that the Euro was a ‘historical monument of collective stupidity’.
He [...] Continue Reading…
The opinions expressed are not necessarily those of OTA-Berlin but of the contributor – in this case Mr Emil Hoogensteyn. Blog articles and subsequent comments that appear on the site are not the opinion of OTA-Berlin but only of the comment writer. While we welcoming any linking to the blog the contents may only be reproduced or copied with the prior [...] Continue Reading…
The opinions expressed are not necessarily those of OTA-Berlin but of the contributor – in this case Mr Emil Hoogensteyn. Blog articles and subsequent comments that appear on the site are not the opinion of OTA-Berlin but only of the comment writer.
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Germany has indicated that it will not try and 2nd guess or prejudge US criminal sex allegations against [...] Continue Reading…
Nassim Taleb -author of the best-selling book “The Black Swan,” prefers the Euro over the Dollar - despite the Euro’s current malaise- and has gone so far as to advise investors to ‘avoid the Dollar at all costs’.
While the Euro has at least Germany as an anchor – the US he says has nothing – only more debt.
Taleb was speaking at a recent Moscow conference sponsored by [...] Continue Reading…
The German Chancellor Angela Merkel said yesterday that new regulations and procedures which have been actionned and put into effect in the EU are not the sole risk of the EU taxpayer alone but those whom she says ‘earn their money by lending it.’
Almost and a little bit like a homely as Jesus in the temple -Matthew 21:12 – <<And Jesus entered the [...] Continue Reading…
The German minister of Finance, Wolfgang Schaeuble, wants the US Federal Reserve not to pump more money into the financial system because he thinks that this will inevitably lead to more uncertainty in the global economy and thus undermine the credibility of the American currency and economy.
The US Federal Reserve bank has indicated mid-week that it would buy circa 430 billion Euro [...] Continue Reading…
Euro to Rival the Dollar – Possibly
EU central bank efforts to bring the EURO under tighter control seem to have stablized the single currency and has won international respect while so doing.
Chancellor Merkel in Berlin today told the German Bundestag European Affairs Committee that nations in Eastern Europe especially but also elsewhere depend on a constant and stable Euro.
She also said that [...] Continue Reading…
Euro rises to 6 week high compared to $USD
The 16-nation Euro currency is up against the Dollar – the Euro bought $1.30 USD today up slightly from trading on Friday in New York.
Previously the Euro had hit a 5 week high of $1.31 USD this last Friday before falling back ever so slightly before the end of trading.
The British pound is up [...] Continue Reading…
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