The Cypriot case demonstrates that the European authorities are now prepared to cross the rubicon into the appropriation of deposits. It seems clear that this crisis has seen the Eurozone enter a new and dangerous phase, writes John O’Brennan.
The Titanic disaster, the Cuban Missile Crisis, and the Anglo-Irish Treaty: 2012 has been a big year for commemorations. Here’s your guide to the bigger commemorations held this year.
The Minister for Justice has said that there’s nothing suspicious about people exchanging their punts for euro more than ten years after the changeover.
Fine Gael TD Eoghan Murphy doesn’t want to see us drop the euro – but if it’s a choice between staying in the eurozone or keeping control of our domestic fiscal affairs…
Beijing has descried a US currency bill as a threat to a shaky global economic recovery -and warned that trade ties will be “severely damaged” if it becomes law.
Stephen Kinsella’s new book, QuickWin ECONOMICS, answers 100 questions you might have on the subject. In this excerpt: Why don’t Big Macs cost the same in every country?
Despite initially rising after yesterday’s announcement, the euro has fallen to a session low against the sterling amid Ireland’s political and economic uncertainty.
THE US GOVERNMENT insists on minting more $1 coins, despite the public’s disinterest in using them, the BBC reports.
The coins, which were introduced in 2007 to commemorate dead US presidents, have failed to take off among spenders are instead stacking up in the Federal Reserve. The US Mint has planned to release four new coins a year until 2015, and two coins in 2016.
Consumers apparently prefer to use the $1 note, which is the most common denomination of US currency.
Coins can outlast notes by decades, and switching to the $1 coin could save the US up to $700m a year in note production costs. The US has no plan in place to officially discontinue either the $1 note or coin.
