Economists warn Italy’s economy could be like Greece due to banking crisis

Economists warn Italy’s economy could be like Greece due to banking crisis

Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion,  the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]

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EU may collapse any time: IMF

EU may collapse any time: IMF

Washington: The International Monetary Fund (IMF) has cautioned that post ‘Brexit’, the EU may face financial anarchy; and circumstances may lead to the fall in the Euro. If efforts are not made to resolve the conflict, then the current situation of political instability may worsen, owing to which the EU may collapse any time. The IMF had […]

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Gold at 2-year record high

Gold at 2-year record high

On Wednesday 6th July gold hit its highest in more than two years, by virtue of uncertainty, drop in stock markets and slide in some bond yields to record lows after Britain’s vote to leave the European Union (Brexit). Post the rise, gold rates having reached to $ 1367.104 per troy ounce (31.10 g) is […]

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EU Superstate in the making?

EU Superstate in the making?

A crunch meeting of the EU states is being held in Berlin to examine the issues arising out of “Brexit”. Attendees include Prime Minister David Cameroon of Britain. A day prior to the larger meeting, the French President Francois Hollande, German Chancellor Angela Merkel and Italian Prime Minister Mateo Renzi met at Berlin to discuss the […]

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United Kingdom exits from EU

United Kingdom exits from EU

Voting in favour of ‘Brexit’, the British masses have shown unwillingness to remain a part of the EU. The decision has had grave political repercussions the world over, prompting also, swift ripples on the global share market as much as on the global political scene. Following the results of the referendum, the British Prime Minister […]

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