Tag: Euro

• Tuesday, May 17th 2011 - 23:31 UTC

  US dollar status as world’s single reserve currency will end by 2025

  

  The United States dollar status as the world’s single reserve currency will end by 2025, according to a new report by the World Bank.

• Friday, January 28th 2011 - 14:22 UTC

  Euro is Not Going Through a Crisis According to European Central Bank President

  

  The euro is not going through a crisis, although in some countries if the EU there are problems which must be solved, said the President of the European Central Bank Jean Claude Trichet. “There is no euro crisis. That is absolutely clear,” he added.

• Friday, January 28th 2011 - 02:14 UTC

  Europe Could Fall Apart Sustaining Euro Warns Soros

  

  Billionaire financier George Soros warned on Wednesday that Europe could potentially fall apart because of the “two-speed Europe” of haves and have-nots that is being perpetuated by the reform of the embattled euro.

• Thursday, January 27th 2011 - 19:55 UTC

  France and Germany Committed to European Single Currency

  

  European leaders and business people met on Thursday at the World Economic Forum in Davos, Switzerland. President Sarkozy said both he and German Chancellor Angela Merkel were firm in their commitment to the European single currency.

• Tuesday, January 11th 2011 - 21:56 UTC

  German bankers ready for the worst but confident they can cope with the situation

  

  Billions in loans have succeeded in pulling Greece and Ireland back from the brink of bankruptcy. But many bankers are still expecting the worst. A new Ernst & Young survey reports that almost half of German banking executives think at least one Euro-zone country will go bust.

• Tuesday, January 11th 2011 - 21:48 UTC

  Japan committed to stabilize the Euro and ensure growth in EU bilateral trade

  

  Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.

• Thursday, January 6th 2011 - 11:44 UTC

  Merkel committed to support the Euro, in spite of German public opinion

  

  Chancellor Angela Merkel stressed Germany's commitment to the Euro in her New Year message to the country last week.

• Tuesday, November 23rd 2010 - 03:30 UTC

  Trichet: don’t blame the Euro; it’s a solid currency in historical terms

  

  European Central Bank President Jean-Claude Trichet Monday sought to reassure investors on the resilience of the Euro-zone as Ireland's formal request for financial assistance from the bloc sparked nervousness on European credit markets.

• Tuesday, November 16th 2010 - 12:07 UTC

  “If the Euro fails, Europe fails”, warns Germany’s Merkel

  

  German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.

• Tuesday, September 28th 2010 - 04:50 UTC

  German unification conditioned to acceptance of Euro, reveal documents

  

  Deceased French president Francois Mitterrand in 1989 gave his approval to German unification on condition that then Chancellor Helmut Kohl opened the way for the creation of an only currency in the European Union.