Category Archives: EU

“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey

“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey | Zero Hedge https://www.zerohedge.com/news/2018-08-11/worst-case-scenario-turkey Re-posted from Zero Hedge. Geoff Geoff Comments: The could crater the EU banks… Turkey could bring down all of the EU…

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ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge

ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge | Wolf Street https://wolfstreet.com/2018/08/10/bbva-bnp-unicredit-european-banks-plunge-ecb-contagion-turkey-lira/ Re-posted from Wolf Street. Geoff Geoff Comments: Of course, all EU banks hold debt from all other members… A collapse in one may be the end … Continue reading

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Asian shares down on trade anxiety; lira, rouble hit by economic worries

Asian shares down on trade anxiety; lira, rouble hit by economic worries | Reuters https://www.reuters.com/article/us-global-markets/asian-shares-down-on-trade-anxiety-lira-rouble-hit-by-economic-worries-idUSKBN1KV03F?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/topNews+(News+/+US+/+Top+News) Re-posted from Reuters. Geoff Geoff Comments: President Trump Trade initiatives have roiled international markets… President Trump holds the winning cards…

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Why the EU Won’t Comply with Trump

Why the EU Won’t Comply with Trump https://www.americanthinker.com/articles/2018/08/why_the_eu_wont_comply_with_trump.html Re-posted from American Thinker. Geoff Geoff Comments: The EU wants to maintain its trading advantage as long as possible… It cannot compete with the US on a level playing field, the EU … Continue reading

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Italian Bond Market Crisis Coming Up

Italian Bond Market Crisis Coming Up – Mish Talk https://moneymaven.io/mishtalk/economics/italian-bond-market-crisis-coming-up-U4dLf-ZULUCAs9C6PiHJUw/ Re-posted from Mish Talk. Geoff Geoff Comments: Italy is on the ropes, financially, and, there is no way out… They are too far gone… If the EU attempts a bail out, it … Continue reading

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Debate Over Target2 Continues: Twilight of the Euro

Debate Over Target2 Continues: Twilight of the Euro – Mish Talk https://moneymaven.io/mishtalk/economics/debate-over-target2-continues-twilight-of-the-euro-5Y0kAA_qMUG1cKgaI6IWQg/ Re-posted from Mish Talk. Geoff Geoff Comments: The EU and Euro were considered doomed at the commencement, because the ECB was not given control over the currency and … Continue reading

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Iran getting new planes from Europe before US sanctions return

Iran getting new planes from Europe before US sanctions return | Iran News | Al Jazeera https://www.aljazeera.com/news/2018/08/iran-planes-europe-sanctions-return-180804161658193.html Re-posted from AlJazeera. Geoff Geoff Comments: A kidney bean farmer from Wisconsin sends beans to the UK well before the tariff deadline and … Continue reading

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Wisconsin bean supplier caught in the middle of  US-Europe trade spat

Wisconsin bean supplier caught in the middle of  US-Europe trade spat https://www.cnbc.com/2018/08/03/wisconsin-bean-supplier-caught-in-the-middle-of-us-europe-trade-spat.html Re-posted from CNBC. Geoff Geoff Comments: Even the best laid plans can go awry… planning is what happens just before life happens…

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Euro Tumbles As IMF Warns On Greek Debt Sustainability

Euro Tumbles As IMF Warns On Greek Debt Sustainability | Zero Hedge https://www.zerohedge.com/news/2018-07-31/euro-tumbles-imf-warns-greek-debt-sustainability Re-posted from Zero Hedge. Geoff Geoff Comments: If the EU doesn’t euthanize Greece soon, the EU GDP will be devoted to financial bandaids for Greece…

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The EU Backs Off its War on Cash. Here’s Why

The EU Backs Off its War on Cash. Here’s Why | Wolf Street https://wolfstreet.com/2018/07/30/the-eu-backs-off-its-war-on-cash-heres-why/ Re-posted from Wolf Street. Geoff Geoff Comments: Similar to the “paperless society,” too difficult to accomplish…

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