The European Central Bank held a crucial cash lifeline for Greece unchanged on Thursday, a person familiar with the discussion said, as the head of the Bundesbank objected to the way Greek banks are being funded
As the Swiss politico’s wring their hands over the Gold Referendum, and how much money they won’t have to spend because of it, I decide to do a little math over the current mantra that is being chanted by the Current Swiss Administration.
A Chinese proverb, which could certainly be applied to the examination of monetary policy, advises: “if you want to know what the water is like, don’t ask the fish.” I take this advice to heart, as it fit my approach to life—step back and look at the big picture from outside a system to gain an understanding of how it works.
The markets were given a sharp reminder of the euro's weakness at the beginning of the week as political problems once again flared up. But such eruptions have actually proved beneficial for the single currency over the long-term.
The four principal precious metals are flashing the “overbought” signal in the wake of last week’s “Fedphoria-induced” rallies. Additionally, the GOP ignited a firestorm debate over the viability of returning to the gold standard.
European Central Bank President Mario Draghi signaled the ECB intends to join forces with governments to buy bonds in sufficient quantities to ease the region’s debt crisis, while conceding that Germany’s Bundesbank has reservations about the plan.