Euro

NYT’s ‘Economic Logic’ Ignores Italy’s Economic Reality

Rome (CEPR) – A NYT article discussing the possibility that Italy will leave the eurozone told readers that this decision would defy economic logic. It noted the various downsides for Italy of leaving the euro and then told readers: “As demonstrated by the Brexit vote, which numerous analyses showed would not be good for Britain’s health, economic […]

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Iran Switches from Dollar to Euro

Tehran (MEMO) – Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central bank Governor Valiollah Seif said […]

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