Tag Archive: Euro

Dollar seen losing global reserve status

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn. More… Continue reading

European Banks Scrambling to Prevent Default by Greece

European banks and insurers are scrambling to prevent a default by Greece amid worries that Greece’s parliament won’t pass a much-needed austerity plan next week. The focus right now is on a voluntary… Continue reading