Tag Archives: loans

Money has been a part of human history for almost 3’000 years. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. The first known currency was created by King Alyattes …

The six dangerous hotspots of the chinese economy right now 1. Overcapacity In basically each industrial sector, the chinese factories have currently much bigger production-facilities (and number of employees) than really needed. In the steel-sector for instance, the overcapacity is about 350 million tons/year sending steel prices on the market down the tube. But China has not followed through on …

In the summer of 2007, the value of 1 EUR was 3.20 RON. The value of 1 Swiss Franc (CHF) was 2.10 RON at the schimb vis-a-vis my house. Last summer (2015), 1 EUR was 4.40 RON; 1 CHF was 4.25 RON. The effect of this change for me, earning a few CHF a month: the 2015-summer-holidays in Mamaia was …

The other day, I met Lucia, an interior designer, for a tea in town. After we exchanged a few pleasantries, she came to the point: ‘I need a 10’000 EUR loan for personal reasons in six to twelve months. Do you have an advice?’ ‘Have you any other debt and how much can you afford to pay for the rata …

Euribor is the interest rate at which a large number of European banks do provide short term loans to each another. The Euribor (Euro Interbank Offered Rate) was first published on Dec 30, 1998 before the introduction of the EUR as a currency on Jan 1, 1999 (see chart below). Banks which borrow money from other banks can use these …