Greece against the Ropes – Again

February 22, 2012 | 08:57 AM | Posted by David Mason

The markets are still buzzing about the confirmed bailout of Greece which will set the EU and ECB back 130 billion euros. Despite grudging agreement by politicians, it is the acceptance of the bailout stipulations by the Greek people that may be more important. Thus far, it appears that the Greek...

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Greece Gets a Bailout

February 21, 2012 | 09:03 AM | Posted by David Mason

It looks like the unholy marriage of Greece and the European Union just became a bit sweeter – at least in the short term. Greece is set to receive its second bailout from the European Union after finance ministers approved the country’s second bailout to the tune of 130 billion euros. The EU leaned...

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Unemployment Drops in the U.S.

February 17, 2012 | 07:31 AM | Posted by David Mason

Positive news from the U.S. as yesterday’s unemployment claims report reached its lowest figure since 2008. First time unemployment claims fell by 13,000. This is the third consecutive report that showed a decline in initial unemployment claims. The EUR/USD is down in early trading today by 0.11%...

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Three Week Low for the Euro

February 16, 2012 | 07:44 AM | Posted by David Mason

The Euro continued its decline yesterday, reaching a three week low as European finance ministers gather next week to debate the bailout package for the Greeks. The Euro weakened against both the USD and the Yen yesterday. In early trading today, the EUR/USD is down by 0.40% and trading at...

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EU Reprimands Greece

February 15, 2012 | 07:59 AM | Posted by David Mason

Just when it looked like Greece and the EU were heading towards a solution regarding the country’s nightmarish debt, a new hurdle has been placed in front of the resolution. EU officials have canceled a meeting in Brussels, replaced by a conference call with Greek ministers. The accusation from the...

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