Formally established in 1993, the eurozone, often referred to as the “European Union,” is a political and economic union established after the ratification of the Maastricht Treaty by members of the European Community. It has since expanded to include some Central and Eastern European nations. The establishment of the eurozone provided for the creation of a central European bank and the adoption of a common currency: the euro. The idea behind the eurozone is to create a single geographical market where goods, services, and money can be exchanged freely.
The possibility of capital controls coming to the U.S. is not as much of a stretch as you may think. Consider the precedents and don’t be caught off guard.
Capital controls are any measure taken by a government authority that limits the flow of foreign capital into and out of the domestic economy. In its ugliest forms, capital control… Read More
Will the U.S. Stock Market Crash in 2015?
With the broader U.S. stock markets trading near record highs, it’s not a big surprise to hear that most analysts, economists, and investors are increasingly bullish about the stock market. The last thing you’d expect to hear is someone talking about a stock market crash in 2015.
And why wo… Read More
What to Know About Greece’s Potential Eurozone Exit (or “Grexit”)
Is anything more gripping right now than wondering how close Germany will let Greece get to the precipice before a crisis is averted at the last second?
Greece’s six-year recession came to a quiet end at the start of 2014. Since then, its recovery has been anemi… Read More
Strong Economic Data Points to Growth in 2015?
As 2014 winds down, many investors are wondering what the economic outlook for 2015… Read More will be. If you look at the U.S. economic data that’s been trickling in, 2015 looks like it could be a very strong year.
The U.S. announced strong third-quarter gross domestic product (GDP) growth of 3.9%
Greece’s Anti-Austerity Platform Reimagined… Read More
What happens if Greece exits the eurozone? We’ll have to wait until the end of June to find out. Or at least be subject to four more months of pundits explaining what could happen.
That’s because Greece’s creditors, the “Troika” (the European Central Bank, the European Comm