News and Reviews European Economic Zone

News and Review of European Economic Zone

Merkel: Greek talks in Weekend Will Be Crucial

Friday, June 26th, 2015

German Chancellor Angela Merkel and her European Union leaders told the finance minister to open talks Greece once again and for all the difficult position diseputar requirements for the country to be adjusted in order to secure aid.

In the countdown to the expiration of the deadline until June 30 of the Greek bailout from the Eurozone, expectations have been raised, then scoot by Prime Minister Alexis Tsipras, who came to Brussels with a number of proposals simply to push back for reaching an agreement when it is required for the reduction back. With Greece who wish to survive in the Euro area, the frequency of the negotiations has increased since a breakthrough has proved elusive.

Rather than reach an agreement, a summit of EU leaders has declined to discuss details of their meeting and just looked confused and frustrated in this condition. French President Francois Hollande and Merkel both said that this was "crucial" to the finance minister, to regroup on Saturday for the fifth session in a discussion of Greece in the past week, to finally get a deal.

News and Review of European Economic Zone (France)

French Consumer Confidence Stagnant in June

Friday, June 26th, 2015

French Insee survey institute lapora today released consumer confidence for June 2015. According to the data, French consumer confidence stabilized in the last month that the 94 level.

Just like in May, a French citizen at the end of the first half less confident in their ability to store assets and money due to economic conditions that have not been as expected. Society does not believe that economic conditions soon improved and can improve their welfare.

Before weakening and then flat, consumer confidence had strengthened France 8 points between October 2014 and April 2015. The average level ideal for consumer confidence itself is at level 100 or 6 points above the current position.

According to data from the statistics agency Insee, the French people are not too confident of being able to save money now and in the future. Consumer attitudes in view of the current financial situation also decreased compared to last April. But consumers began to have a desire to spend their money so that the survey results are not lower than in May. While the number of household heads who forecast a rise in prices in the market also reduced inflation expectations but still rose in June.

News and Review of European Economic Zone

ECB: Private Sector Loan Rise In May

Friday, June 26th, 2015

Monetary easing undertaken by the European Central Bank (ECB) began to produce results. According to data released by the central bank today, the number of private sector lending credit euro zone rose in May. From this it can be concluded that there are already more active interest in economic activity among businesses and people so that they are no longer afraid to borrow money from the bank.

Total private sector lending rose 0.5% compared to May 2014. Meanwhile, when compared with April (year on year), the increase was also better. Total lending to businesses is slightly down, but managed to be offset by an increase in household borrowing, which reached 0.9%.

While the figures in the standard ECB money supply or M3, rose 5% compared to last year. The rate of increase is slower than the percentage increase in April, which reached 5.3% per year.