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 Bank of England is warning that a Greek debt default could ripple across global financial markets, possibly triggering a global economic collapse and stock market crash in 2015.In the Financial Stability Report, U.K. central bank Governor Mark Carney said, “the risks associated with Greece and its failure so far to reach. Read More
While central bankers and media outlets try to prop up financial markets with upbeat rhetoric, investors should be worried about a Greek economic collapse and possible stock market crash as early as next week.At least, that’s according to billionaire investor Jim Rogers. In an interview with Russia Today earlier this week, the. Read More
Wall Street opened slightly higher on Thursday, July 2nd, as job growth slowed down in June, lowering the probability that the Federal Reserve will raise the interest rate this year. European stock markets traded lower and the mood was one of caution with Greece set to vote on a referendum on Sunday.Job growth slows down in the summer. Read More
The staying power of the Greek tragedy that has been unfolding in Greece is amazing. While this may have pleased Homer, it may also be what causes the start of the great crash of 2015.The ongoing drama in Greece, which has captivated the world stock markets, is looking like it could worsen even more. Under recently elected Prime Minister. Read More
Greece is hours away from defaulting on its debt obligations to creditors, threatening a global stock market crash and possible eurozone economic collapse in 2015.European Union authorities are scrambling to patch together a last-minute deal to prevent a Greek debt default and keep the over-indebted country in the eurozone. Greece. Read More