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Monday, 24 September 05:05 (GMT -05:00)



Business And Politics News

Europe Is getting Ready for Euro Disintegration, Stratfor Reports


This is going to be a decisive year for the entire European union and the Eurozone. Starting from the next month and through September 2017, we are going to see a series of elections in France, Germany and the Netherlands. International experts say that those elections will decide the future of the common European currency as we know it. By the way, Italy may also hold a similar election in late 2017.
 

 

 

 

Amid such an uncertainty, the Eurozone’s key participants are already taking steps to secure themselves against possible financial misfortunes. Stratfor experts have just released a report explaining the existing and future risks for the Eurozone.
 
The Italian government seems to be hanging by a thread. However, whenever the government decides to hold an election, almost half of the electorate seems to be supporting the parties willing to quit the Eurozone for good. If that’s the case, this is definitely going to undermine international markets, not to mention Eurozone economies themselves. The worries re going to grow over time. The thing is, some representatives of the Democratic Party of Italy claim to have created a whole new party. The National Front of France is also planning to hold a referendum to quit the Eurozone.
 
At the same time, the experts believe that no Grexit (stands for Greek exit) will seriously affect the Eurozone’s stability. Still, the Grexit has become more probable today. Athens promised to implement the unpopular economic reforms required to get another tranche from the lenders. Some of those reforms touch upon very sensitive questions, which may trigger social instability on Greece. At the same time, the coalitional government now represents an insignificant amount of seats in the Greek parliament, which is another major reason why the current government may collapse. An early election in Greece may turn into a referendum to quit the Eurozone. While Greece owes most of its debt to international lenders, a Grexit is not expected to become something challenging for the Eurozone unlike something it could have been5 years ago. Anyway, this could create the sol-called domino effect and spread over other Eurozone members like Italy and Spain . if happening shortly after the Brexit, the Grexit may cause instability in the Eurozone and even affect the forthcoming elections.
 

 

This is why some Eurozone members have already started studying alternatives. For example, not so long ago, the Netherlands started studying the relations with the Euro. The thing is that the local authorities are worried that the ECB’s policies may seriously affect Dutch pensioners and bank depositors. The recently started research is expected to clarify the situation an even to provide the ways to quit the Eurozone with the least amount of pain possible. The very fact that such research was started indicates how serious the governments are about the problem. This also means that they do believe in the likelihood of a Eurozone crash. For now, the political and financial future of Europe seems to remain unclear.

 

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New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says

The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.

Publication date: 19 September 12:10 PM

Cryptomarket Quickly Recovered From the SEC's Decision

The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.

Publication date: 24 August 10:00 AM

Ulysse Nardin Watch in Elite Lombard: Quality Dictated by Time

Elite Lombard has been operating in Moscow since 2003. It was founded by a team of experts with many years of expertise in the industry.

Publication date: 21 August 07:47 AM

Trump is Isolating the USA from the Rest of the World

Fareed Zakaria has commented on the content of today's external policy of the United States. He claims that President Trump's ambiguous decisions have been pushing the United States away form the rest of the world.

Publication date: 13 August 11:38 AM

Business Circles Stand Still Waiting for Fed's Decision

On July 31st - August 1st, Washington is to host another FOMC meeting. For those of you who don't know FOMC is a Fed committee. The entire business and investment world is now looking forward to the result of this FOMC meeting. The key question is whether the Fed is going to keep on toughening its money-and-credit policy. The answer will be revealed later on Wednesday.

Publication date: 31 July 12:05 PM

Fitch Downgrades Economic Forecast for Russian Economy

An international rating agency named Fitch has downgraded the economic forecast for the Russian Federation. In particular, the experts working for the international agency assume that the Russian economy will grow by 1,8% this year. The previous forecast used to be 2% in 2018. The economic forecast for the next year has dropped from 2% down to 1,9%. In 2020, the Russian economy is believed to gain only 1,5%. The long term forecast is also bearish – 1,2% a year on average.

Publication date: 28 June 12:51 PM

When it comes to trade, EU is worse than China, Trump says

Not so long ago, President Trump said that the European Union is worse than China, when it comes to trade relations. This is reported by Axios with reference t anonymous sources. They say this comparison was made during President Trump’s conversation with French President Emmanuel Marcon back in April 2018. Back then, the 2 leaders were discussing the Chinese issue. Macron urged Trump to unite forces with Europe to resist China since China is a trade problem for everyone. 
 
Publication date: 27 June 11:07 AM

Trump Turned G7 Into G6+1

The British media are criticizing Donald Trump's stance and behavior during the recent G7 summit in Quebec, Canada. 

Publication date: 13 June 12:02 PM

G7 Is Ready to Impose New Sanctions on Russia

In the final communique of the recent G7 summit in Quebec, Canada, there is warning for Russia. In particular the G7 warns Moscow that they are ready to impose even more sanctions on Russia in case of further aggression. 

Publication date: 12 June 11:44 AM

George Soros: New Global Crisis Is Coming

While analyzing the current geopolitical situation in the global arena, many experts warn us about serious threats. For example, famous billionaire and financier George Soros predicts another global crisis in the near future. Even though his predictions are controversial at best, many representatives of the international community take his words for granted.

Publication date: 01 June 12:24 PM