Mention the tiny island-nation of Cyprus, and the first thing that comes to my mind is Paul Newman and “Exodus.” In the 1960 film of Leon Uris’s novel, Newman stars as Zionist leader Ari Ben Canaan, who goes to Cyprus in 1947 to rescue Jewish refugees being held in British internment camps.
Japanese Prime Minister Shinzo Abe’s plans for expanded monetary stimulus may be blocked by opposition-party resistance to his central-bank nominee, according to Carl Weinberg, founder of High Frequency Economics.
A Troubled Asset Relief Program for euro members is the region’s best bet for fiscal recovery following a Greek election that “didn’t really fix anything,” according to High Frequency Economics founder Carl Weinberg.
European policy makers must quickly take more coordinated fiscal and monetary action to head off major losses by banks amid the region’s sovereign-debt crisis, according to Carl Weinberg of High Frequency Economics.
The $1.4 trillion European rescue plan “is an unfunded program that will be the basis of a depression” for the euro-region, according to Carl Weinberg, founder and chief economist at High Frequency Economics.
Unemployment near 10 percent in Europe will weigh on workers’ wages, preventing a sustained surge in prices, said Carl Weinberg , chief economist and founder of High Frequency Economics Ltd. in Valhalla, New York.
Euro-area leaders should use the European Financial Stability Facility to buy Greek sovereign debt to prevent the crisis from infecting the banking system, according to Carl Weinberg of High Frequency Economics.