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EU Banks | Non Performing Loans hit €1 Trillion

EU Banks | Non Performing Loans hit €1 Trillion

September 25th, 2015

Non performing loans have reached at very high levels in the EU approaching 1 trillion euros.
Volkswagen | Shares in Free Fall After Admitting Foul Play with US Pollution Test

Volkswagen | Shares in Free Fall After Admitting Foul Play with US Pollution Test

September 21st, 2015

Volkswagen, the German auto maker is now facing billions in fines after it admitted cheating US pollution tests.
Refugee Crisis | Record Number of Refugees Entered Europe

Refugee Crisis | Record Number of Refugees Entered Europe

September 18th, 2015

A record breaking number of 473,887 refugees and migrants entered the EU, the International Organization for Migration (IOM) announced today.
Otmar Issing | Greece may be better off without the Euro

Otmar Issing | Greece may be better off without the Euro

September 7th, 2015

It might be better if Greece leaves the euro, Otmar Issing stated, a former board member of the ECB, and also known as one of the architects of the euro
H. Stavrinides | Is the return to the drachma the solution for Greece?

H. Stavrinides | Is the return to the drachma the solution for Greece?

August 26th, 2015

Despite the fact that Greece has reached an agreement on a new memorandum of understanding (MoU) for another loan package, the government has resigned. This was due to its internal ideology split where on the one side we observe the ones in favor of the MoU or better call them the realists, and on the other side the anti MoU ones or the so called idealists. The first group chooses the euro since they do not see any alternative, and the second one prefers an exit from the euro and a return to the drachma.