Christensen on euro flaw as Germany approves 3rd Greek bailout
Greece’s new €86-billion bailout plan got the green light. On Wednesday, the package won overwhelming approval from German lawmakers after a three-hour debate. In total, 453 lawmakers voted in favor of the measures, 113 voted against, and 18 abstained. Many had predicted there would be surge in dissent by members of Chancellor Merkel’s own party. It seems that the “revolt” against her leadership failed to materialize. Ameera David weighs in. Ameera is then joined by Lars Christensen – founder and owner of Markets and Money Advisory and senior fellow at London's Adam Smith Institute. Lars tells us how the euro has acted as a “monetary strangulation mechanism” and why he thinks the euro is a “growth killing machine.” After the break, Bianca Facchinei takes a look at the latest in the Ashley Madison hacking case. On Tuesday, a hacking group called the "Impact Team" released the personal information of 36 million people who used the site, including their full names and credit card information.Ameera and Erin Ade discuss how low oil prices have helped pushed up airline revenues. But it isn’t all blue skies ahead in terms of labor agreements, regulators, and share prices.And in The Big Deal, Ameera and Edward Harrison talk about Greece and the Federal Reserve.
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