Hey Brother, Can You Spare $4.00 for a Gallon of Gas?

I put 10 gallons of gas in my pickup the other day. It cost me about $2.50 more than it did the week before.Not a large amount. But take that amount times the nearly 200 million drivers in the United States, and...

Scotland and Wales cancel football Euro bid

The credit crunch has claimed another victim, this time it's football. Scotland and Wales have cancelled plans for the two nations to joint host the Euro 2016 football tournament because of the global economic...

We are having a hard time understanding why sterling is holding u

We are having a hard time understanding why sterling is holding up so well, Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US Dollar exchange rate continued to gain against the euro rate to about mid-day yesterday in New York on the European bank...

Good Time To Holiday In Majorca

 A holiday in Majorca might not seem like the best option at the moment with the Pound weak against the Euro, but in actual fact, as there will be many people who are staying away from European holidays at...

ATM Error Pays Hundreds Double Their Money

Hundreds benefited from the ATM error that doubled customers' money.Customers at a petrol station in Greater Manchester, UK, got a pleasant surprise this week when an ATM started giving out double the money requested. Hundreds flocked to the Nationwide ATM in Stretford to...

The Global Common Currency, to avoid another Financial Crisis

By, Uwe Paschen.  The Global recession could have been avoided even with the latest financial scandals and the US mortgage crisis would we have had a common global currency. Some of the hard ship that companies do...

Costa's 'costalot' as Spanish tourism hit by crisis

As widely forecast, the current economic crisis and the fall in the value of the Pound Sterling against the Euro has had a severe impact on one of Spain’s largest industries , tourism. The latest figures released by the country’s National Statistics Institute even call...

Euro weakens on rate cut evidence

The euro dipped against the dollar and the pound today as currency speculators reacted to an anticipated rate cut by the European Central Bank on january 15. However it is unclear whether the fall is likely to...

‘Expats’ resident on Spain’s Costa’s receive chilling warnings

Beleaguered British Expatriates resident along Spain’s Mediterranean Costa’s are digesting a series of thinly veiled threats and warnings recently issued by a variety of sources. Facing an increasingly bleak future, exasperated by the coldest winter in some forty years...

Pound to Be Left to Its Fate

As the pound continues to plummet, the UK government has announced it will not take steps to prop up the currency and stop its fall. It is expected that shorlty one pound will be worth one euro. The current...

Could Britain Make A Radical Change And Switch To The Euro?

The possibility is in the air that Britain could abandon the GBP (Great Britain Pound) and switch to the Euro, the currency adopted by Ireland and most of Western Europe (with the exclusion of Denmark, Sweden, Switzerland and Norway).  However, there is much opposition...

Risk aversion sends yen to 13-year high versus U.S. dollar

The pound has fallen to a 5-year low against the dollar, and the euro continues to fall as well, as currency speculators become nervous. But the yen has been the biggest beneficiary of the nervousness."Mounting...

Asian markets plunge after Wall Street slide

Taking cue from US stocks market of  Wednesday,  Asian stocks tumbled Thursday as fears that the world's biggest economies are shrinking sparked fresh panic, despite continued efforts by several governments to ease the financial crisis and bail out packages. The...

UK may debate joining euro currency due to crisis

The british pound is to weak to survive the financial remake, will the Europeans be happy UK joining the Eurozone with a start capital of a dried out pound in debit ? " BERLIN (Reuters) - The financial markets...

EU leaders to study crisis plan in Paris

" PARIS (Reuters) - Leaders of euro zone countries hold an emergency meeting in Paris on Sunday hoping to agree on specific, pan-European measures to prevent market panic from triggering the most severe global downturn in decades. Government officials have suggested action...

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