Euro vs. US dollar

News | Russia

‘Let’s switch to euro’: Russia backs EU’s bid to shift away from dollar, economy minister says
ByMichael Armstrong December 24, 2018

US dollar and Euro banknotes © Reuters / Dado Ruvic Since both Russia and the EU are not dollar-based, it would be more beneficial for both to switch to euro in energy resource trading, Russian Economic Development Minister Maxim Oreshkin said in an exclusive interview to RT. One of the leading figures in charge of…

Read More ‘Let’s switch to euro’: Russia backs EU’s bid to shift away from dollar, economy minister says
European Union | News

Italian banks are reeling. A budget fight with Europe won’t help
ByMichael Armstrong October 23, 2018October 24, 2018

Italy is battling the European Union over government spending levels. The country’s banks may end up paying the price. The European Commission rebuked the Italian government on Tuesday over a draft budget that calls for a sharp spending increase in violation of EU rules. Italy will have to back down or face fines. The escalation…

Read More Italian banks are reeling. A budget fight with Europe won’t help