The Lira was crushed early in the new week with losses rivaling those seen by Pound Sterling following the Brexit referendum after another Central Bank of the Republic of Turkey (CBRT) Governor was shown the door an apparent political response to last week's interest rate rise. Lira Loses to Dollar, Euro, and British Pound Turkey's Lira collapsed more than 17% against the … [Read more...] about Turkish Lira Loses to Pound Sterling After Central Bank of the Republic of Turkey Governor was Sacked
Greece Opens Economy for Tourists
Greece is laying out the sunbeds and beach umbrellas as it prepares to reopen to tourists in May and resurrect an industry that suffered one of its worst years in decades because of the coronavirus pandemic. “All you need is Greece,” Tourism Minister Harry Theoharis said this week in an address from the Acropolis Museum, home to sculptures from Greek antiquity. The … [Read more...] about Greece Opens Economy for Tourists
France Economy Could Outperform its European Neighbors
As with other European countries, the second wave of the coronavirus has had and continues to have a significant impact on the French economy. The new strict lockdown implemented in November with the closure of shops and drastic restrictions on mobility and the severe restrictions imposed in December led to a 1.3% drop in GDP in the fourth quarter of 2020, pushing the … [Read more...] about France Economy Could Outperform its European Neighbors
Ukraine and Germany to Work Together for the Economy
German Chancellor Angela Merkel said this at the opening of the 4th German-Ukrainian Business Forum in Berlin on Friday, an Ukrinform correspondent reports. "The partnership between our countries has existed for a long time, and it is not limited only to the economy. Germany is one of the largest partners of Ukraine. We stand firmly for the territorial integrity of Ukraine. … [Read more...] about Ukraine and Germany to Work Together for the Economy
Italy’s Draghi Prepares New Reforms and Investors are Now Turning Bullish
Analysts are particularly bullish about potential changes to the tax system. Draghi has also pledged to use the upcoming European funds to focus on digitalization, reskilling, and speed up plans for the country to transition away from fossil fuels. Mario Draghi’s new government could be good for financials, and consumer recovery plays, an analyst told CNBC, as investors … [Read more...] about Italy’s Draghi Prepares New Reforms and Investors are Now Turning Bullish