Tag Archives: eurobond

Dante Ruffalo Alicia Moritz January 28

STICK TO THE EURO, NOT THE GYRO

The Troika is a reference to the International Monetary Fund (IMF), European Central Bank (ECB) and the European Commission (EC).  The troika is the economic powerhouse in charge of the bailout funds for southern European nations.  They are not a well liked group by citizens in these desperate countries because they control the purse strings […]

alicia moritz dante ruffalo January 28

IOU MRS. MERKEL

The Eurobond is a form of mutualized debt subsidized by member states of the European Union.  A comparison to the United States is when China buys our ‘debt’ they are actually buying bonds that are secured by the collective economic output of the 50 states.  Similarly, a Eurobond is a debt instrument like U.S. bonds, […]

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