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Currencies

Varoufakis accuses Greece’s creditors of ‘terrorism’ ahead of crucial referendum
Greek Finance Minister Yanis Varoufakis has described the actions of Athens’ creditors as “terrorism,” but said agreement with them was inevitable in an interview published hours before a landmark referendum to accept or reject the bailout terms.

04.07.2015 11:29

Ukraine’s public debt to hit 95% of GDP by year end – National Bank
The National bank of Ukraine predicts that the country’s sovereign debt will reach 95% of gross domestic product by the end of 2015.

03.07.2015 20:16

‘No reason why Greece could not have two currencies’ - a euro architect
Today we still use an industrial age monetary construct while we have technologies to do things differently. Greece could create a precedent with a different way of addressing economic problems, says one of the architects of the euro, Bernard Lietaer.

03.07.2015 11:14

‘Tying up economies like Germany & Greece was doomed to fiasco’
The eurozone project is a complete fiasco so Greece should be allowed to go back to the drachma, to devalue and to rebuild itself, columnist and podcaster Jon Gaunt told RT. This might be the beginning of the end of the whole EU he adds.

02.07.2015 12:44

Indonesian ban on foreign currency payments comes into force
The Central Bank of Indonesia has put into force a complete ban on the use of the US dollar and other foreign currencies in all financial transactions in the country to stop the rupiah free fall.

01.07.2015 13:44

Greece: The options
A simple guide to what may happen in the pressure cooker of a Greek default.

01.07.2015 13:11

Greek referendum: A liberal dose of democracy
Giving the people a vote breaks so many rules - or so it seems smug Western democrats are eager to suggest.

30.06.2015 10:49

‘Britain would be better off with euro,’ says Virgin boss Branson
Britain’s economy would be stronger now had the UK joined the euro, billionaire Virgin Group founder Sir Richard Branson says.

29.06.2015 13:40

‘Greece should go bankrupt, get it over & start it over’
Though there is a lot of noise concerning the Greek crisis and the Greek economy is likely going to collapse this week, three months from now no one will remember Greece going bankrupt, financial commentator Jim Rogers told RT.

29.06.2015 11:02

Default countdown? European banks lose €50bn as Greek debt deadline nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.

29.06.2015 08:02

Greece closes banks, imposes capital controls
The Greek government has announced that banks will remain closed on Monday and restrictions on withdrawals will be introduced following the ECB refusal to provide additional Emergency Liquidity Assistance to Greece’s banking system.

29.06.2015 00:44

Austrians launch petition to quit EU
Austrians have launched a petition to quit the EU, arguing that the nation will be better off economically if it leaves the union. To force the national parliament to consider the initiative activists need to have gathered 100,000 signatures by July 1.

27.06.2015 02:36