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Euro Interbank Offered Rate. The Brussels-based European Banking Federation’s Euro-denominated counterpart to LIBOR. As of January, 1999, Euribor seems to be winning its battle for acceptance over the British Bankers Association’s Euro LIBOR (q.v.), but London still hopes to win the war for the financial business. On 1/7/99 LIFFE announced plans for new contracts, based on five- and ten-year Euribor swaps.
See also the economic calendar
German Chancellor Angela Merkel’s center-right Christian Democratic Union was within striking distance of an absolute majority in Parliament after elections. FDP is Merkel’s current junior coalition partner and will probably stay out of parliament. The […]
Should Greece Leave the Eurozone? Poll Vote now [yop_poll id=”1″]
Kamikaze Defense A kamikaze defense is a method for deterring a potential acquirer from purchasing a company. How it works: Kamikaze defense is named after the suicide attacks of Japanese pilots during World War II. […]
