Archive for June 21st, 2011

Deeper Analysis

When Euroland’s Peripheral Members Had Their Own Currencies

June 21, 2011

With the possibility of a break-up of the euro within the next five years, this article reviews how the peripheral currencies performed before joining the European Monetary Union with an eye toward what life after the euro might be like. Before the euro was created on December 31, 1998, each member had its own currency.  […] More

New Overnight Developments Abroad - Daily Update

Awaiting Greek Parliamentary Vote of Confidence

June 21, 2011

A vote of confidence on Prime Minister Papandreou’s reshuffled cabinet and almost EUR 80 billion of proposed Greek budget cuts and asset sales is due later today.  Investors are optimistic he will survive, because a negative vote would precipitate fresh elections and probable Greek default, an outcome that is too difficult to contemplate.  Approval is […] More