euro

The euro may be dropping in value but for one man its home.

An unemployed Irish artist has taken his talent to the next level by building an entire home from the shredded remains of 1.4 billion Euros. This is the equivalent of $1.8 billion. The artist; Frank Buckley is calling it a monument to the madness that has been created by the single currency.

Using bricks of shredded euro notes borrowed from Ireland’s national mint; he built his home in the lobby of a Dublin office building that has been vacant since its completion four years ago. Buckley says the office building was built during a construction boom that had people pouring money into projects that are now worth nothing. He says he wanted to show people that it was possible to build something out of nothing.  read more »

Europe’s economic situation might be unraveling the region; but some people are cashing in on the financial crisis.

Since late 2009 Europe’s financial standing has taken a severe hit. Much like here at home reasons for this include easy credit conditions, high risk lending, real estate bubbles and slow growth conditions. Now the ongoing turmoil is threatening the euro which earlier this week hit a 17 month low against the dollar and an 11 year low against the Yen.

But as the euro contains to drop in the global marketplace counterfeiters see the currency as a business opportunity. The European Central Bank says the number of fake euro banknotes found in the second half of last year is up to 3100,000 bills. This is a 4.7% increase from the previous six months.  read more »