euro Archives - Geotrendlines

Geopolitics of the European Corona emergency fund

September 3, 2020September 7, 2020 Sander Boon 0 Comments draghi, ecb, euro, europe, eurozone, political economy, safe asset, sander boon, transfer union, transferunion

Although the emergency package is only a first step towards a permanent transfer union, there is more than meets the eye. The package may also cause geopolitical relations in the world to shift. It can give substance to European geopolitical ambitions. To clarify this, we have to pay attention to the changing financial and political role of the United States in the world.

Gold Money

The severed link between money and gold

June 29, 2020August 17, 2020 Guest post 0 Comments euro, freegold, gold, revaluation

The permanent relationship between money and gold as a wealth metal has always been a very delicate one. The efforts to sever the link between money and gold were always very dubious. John Law (1671), Nixon (1971) and the most recent by Wim Duisenberg (2002 Aachen acceptance speech).

Economics Geopolitics Money

Venezuela provides more euros than bolivars to banks

November 15, 2019August 17, 2020 Frank Knopers 0 Comments bolivar, currency, euro, venezuela

Instead of bolivars, the central bank of Venezuela is increasingly distributing euro banknotes to its own banking sector. As a result, the euro is gaining market share in domestic payments, at the expense of the virtually worthless bolivar.

Economics Money

China borrows 4 billion in euro

November 6, 2019August 17, 2020 Frank Knopers 0 Comments bonds, china, currencies, currency, euro

For the first time since 2004, China issued a euro-denominated bond. The Chinese Ministry of Finance raised €4 billion this week by issuing new debt at less than half a percent interest rate.

Money

Russia is switching to the euro in trade with China

July 28, 2019December 30, 2020 Frank Knopers 3 Comments currency, dollar, euro, russia, trade

The euro is rapidly gaining popularity in trade between Russia and China. This is evident from new statistics released by the Russian central bank earlier this week.

Economics Money Oil & Gas

Europe wants to settle oil and gas in euro

December 6, 2018August 17, 2020 Frank Knopers 0 Comments dollar, energye, euro, european commission, european union, gas, oil

The European Commission will present a new proposal this week to settle energy contracts between European countries and with other countries in euro by default. In addition, a new price benchmark for oil is being considered.