NEW YORK (Reuters) - The euro hit an 11-month high and global equity markets advanced on Friday on signs of a healthier European financial system and a brighter outlook for Germany, while U.S. stocks extended a rally to an eighth day, their best run since late 2004. Solid U.S. corporate earnings and the strongest seasonal inflows to U.S. stock mutual funds in a decade also helped lift Wall Street,
As Greece wonders whether its debt crisis will eventually spell its exit from the euro, one town in the centre of the country, Volos, has formed an alternative local currency A few months ago, an alternative currency was introduced in the Greek port city of Volos. It was a grass-roots initiative that has since grown into a network of more than 800 members, in a community struggling to afford items
Is this really the end?Unless Germany and the ECB move quickly, the single currencyâs collapse is looming EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the euro's destruction are so catastrophic that no sensible policymaker could stand by and let i
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