From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
If the Australian government really wanted to splash around a lazy $10 billion, here’s a suggestion:
In my view, if there’s no debt relief, Greece is likely to default in July. If you own gold stocks, this is a huge risk.
These terror attacks do significant damage. But they also damage civil liberties. Already there are talks of increasing border security across all of Europe.
While most security companies listed on the ASX deal with cyber security, the growth of security companies, keeping us safe in the physical world, is on the move.
The European Central Bank (ECB) decided to cut rates from 0.05% to 0% on Thursday. The ECB will also increase their monthly asset purchasing to €80 billion.
The coordinated scare campaign to bully Britain into staying in the European Union has begun. It’s an impressive coalition of Eurocrats, British politicians and multi-national banks.
If Britain leaves the EU, the Nordic states (Sweden, Norway, and Finland) might follow. And it might not stop there.
So what exactly is the problem in Greece? Tight money. The government has been forced to slash spending at the same time Greek banks are stricken with non-performing loans..
US Federal Reserve removed the punch bowl, turned the house lights up, and raised the target short-term US interest rate to a range between .25 and .50 basis points.