the euro

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The word of the IMF: a more unified euro area

The IMF is forecasting global growth of over 3.9% in 2018. For the Eurozone, the forecast is for growth of 2.2%. The fifth year of economic expansion, confirming sustained and diversified growth. And the Washington-based organisation is calling for greater integration in the euro area.

The “R” club is recruiting

The Italians Plans For Leaving The Euro…Or That This Blows Up

If I haven’t got the wrong end of the stick, Italy plans is to create a parallel currency to the euro, guaranteed by the Italian government, but which I don’t know who will control. A Bank of Italy? The government would issue these BOT, endorse them with the BI, which would give it the money to be shared out amongst the unpaid creditors. It seems a lot like Helicopter Money.