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mynameisandhy

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Posts posted by mynameisandhy

  1. Oil Rise to Highest Level One Week

     

    Friday, June 19th, 2015

     

    WTI crude oil rose on Thursday and rose to the highest level in a week, supported by a weaker dollar and a drop in US oil inventories in seven consecutive weeks. The dollar fell to a one-month low after the Federal Reserve disappointed the market is hoping for clarity mengenaikan time of rising interest rates.

     

    Data released on Wednesday by the Energy Information Administration showed oil inventories fell 2.7 million barrels last pkenal, be the decline in seven weeks in a row. Domestic production also decreased, but inventories at Cushing Oklahoma, the delivery hub oil futures rose for the first time in the last five weeks, and gasoline inventories are also reported increases.

     

    Yet analysts still warn of the risk of price declines due to the global oil output is still high. Additionally on the terms of the data reported by EIA on Wednesday, analysts memperkitakan increase oil consumption is not likely to last long.

     

    WTI crude oil on Thursday closed at $ 60.45 per barrel, with a $ 60.89 daily highs and lows $ 59.25.

  2. News and Economic Review Zone Asia (Japan)

     

    Keep BOJ Stimulus Monetary Base 80 Trillion Yen Per Year

    Friday, June 19th, 2015

     

    Bank of Japan kept monetary stimulus them on his record as Governor Haruhiko Kuroda seeks to spur inflation and announced plans to increase transparency.

     

    The central bank will continue to expand the monetary base at an annual rate in the rate of 80 trillion yen ($ 650 billion), they said in a statement on Friday, the result is in line with all the forecasts of 35 economists surveyed by Bloomberg. BOJ will Raise the frequency of reporting their economic outlook and the release assessment of each of the board members, this policy will begin next year.

     

    The decline of exports is the latest risk to the economic recovery slowed in which analysts see in the current quarter amid the company tried to reduce the amount of inventory is high. At the time of Kuroda said this week that inflation is still on track for the target BOJ and he appeared to backtrack from earlier statements that have put the brakes on a weaker yen, economists today are looking for more clarity in a press conference today.

     

    Analyst from one of the banks in the United States say that this is not for the BOJ to add stimulus. Data on consumer spending is still diverse and exports are also not too strong, but the overall outlook for the BOJ to maintain economic recovery.

  3. News and Review of European Economic Zone

     

    ECB Raise Limit ELA for Greece

    Friday, June 19th, 2015

     

    European Central Bank (ECB) has raised the program funding Emergency Liquidity Assistance (ELA) to his Greek banking sector as much as 3.3 billion euros (3.7 billion dollars), according to CNBC sources. The decision, taken at a teleconference Friday and first reported by Reuters, following a meeting of euro zone finance ministers on Thursday, in which the ability of Greek banks to remain in business next week is questionable. This happens after the flow of funds out of the Greek banking sector piled up, even after re-negotiating the bailout deal failed.

     

    Valuation Greek banking sector has dropped by almost a third since the beginning of June as concerns about the risk of a Greek exit from the euro zone. On Friday morning, the banks remain open in the center of Athens and it seems there are some people who continue to withdraw money at an ATM, according to CNBC observations. The mood of investors seems quite quiet and no queues that occur, making it difficult to assess whether banks are becoming more crowded than usual on Friday morning.

  4. News and Review of European Economic Zone

     

    EU Will Hold Emergency Meeting On Greece on Monday

    Friday, June 19th, 2015

     

    Euro zone leaders will try to reach a Greek bailout deal delayed at a crisis meeting in a hurry on Monday, after finance ministers again failed to bridge the gap between Greece and its creditors.

     

    Jeroen Dijjselbloem, the leader of the Euro-area finance ministers, said that Athens did not present a significant overhaul of policy and spending reductions on Thursday night to create a new financing agreement that is credible.

     

    Dijsselbloem said that too little progress was made overnight between the finance ministers and Greece and I regret to say that there is no agreement in sight.

     

    After nearly five months of full negotiations, the decision of whether Greece can avoid defaut and survive in the euro area as a member of the group of the single currency, now back in his fate in the hands of 19 Euro zone countries. "The meeting on Monday will be something positive or negative, said one EU official.

  5. News and Review of European Economic Zone (Germany)

     

    German Producer Price flat in the month of May

    Friday, June 19th, 2015

     

    The level of prices of goods leaving the factory Germany in May unchanged from April, but continued to fall in the annual rate.

     

    Producer prices fell by 1.3% from May last year, due to lower energy prices, reported by the statistics bureau, Destatis on Friday.

     

    The economists surveyed by The Wall Street Journal predicted to rise 0.2% on the monthly level and down 1.1% at an annual rate.

     

    Factory prices affecting the price paid by consumers.

     

    Excluding energy prices, which are volatile, producer prices in the country with Europe's largest economy is flat on the monthly level and down 0.3% at an annual rate.

     

    Energy prices fell 0.2% from April and down 4.1% from May last year, Destatis said.

  6. Oil Crop Weakening Of Inventory Data

     

    Thursday, June 18, 2015

     

    WTI crude oil fell on Wednesday, but managed to cut the attenuation caused by data showing a rise in inventories in the oil shipping hub in Cushing Oklahoma.

     

    Energy Information Administration (EIA) reported that crude inventories fell 2.7 million barrels in the week ended June 12. The drop was larger than analysts expected 1.7 million barrels, but fewer than report the American Petroleum Institute (API) days earlier which showed a decline of 2.9 million barrels. US oil inventories have dropped in seven consecutive weeks. EIA also reported gasoline inventories rose by 460,000 barrels, while analysts forecast a decline of 314,000 barrels, and the API reported a 2.7 million barrel decline.

     

    Oil managed to cut weaker after the dollar weakened following the decision of the US Federal Reserve maintain its monetary policy, and indicate the rate of increase in interest rates will be slower than previous poyeksi.

     

    WTI crude oil on Tuesday, closed at $ 59.77 per barrel, the highest level and the lowest $ 61.38 $ 58.85

  7. News and Economic Review Zone Asia (China)

     

    China's Foreign Direct Investment Value Up 7.8% In May

    Thursday, June 18, 2015

     

    China managed to attract inflow of $ 9.33 billion of foreign direct investment in May, an increase of 7.8% from a year ago, reported by the Ministry of Commerce on Thursday.

     

    The figure was down from April, which reached $ 9.61 billion, which is 10.5% higher than a year ago.

     

    Total foreign investment langung the period from January to May rose by 10.5% to $ 53.8 billion.

     

    Total non-financial foreign direct investment rose 47.4% at an annual rate in the first five months of this year to $ 45.41 billion, according to data from the ministry.

  8. News and Review of European Economic Zone (UK)

     

    UK Retail Sales Slows level of May

    Thursday, June 18, 2015

     

    The pace of growth in UK retail sales figures slowed sharply last month after scoring a strong result in April, as consumers buy fewer clothes, according to government data on Thursday. The volume of retail sales rose as much as 0.2% in May, roughly in line with economists' estimates, to show the growth rate of 4.6% to an annual rate, according to the Office for National Statistics. Economists expect retail sales will be flat in May after a revised down to show a gain of 0.9% in April, while clothing sales skyrocketed due to the warm weather that is not baisanya. Contrast to this, in May colder than usual.

     

    The ONS said sales of clothing fell by 1.6% from April, the biggest drop since September 2014. The food store grabbing a good month, with volume rising as much as 0.6%, the biggest gain since December. Survey the private sector have given the opposite picture in May. Confederation of British Industry reported the pace of retail sales growth the fastest since December, while the British Retail Consortium said the growth rate of sales of more lembat.

  9. News and Review of European Economic Zone

     

    Merkel: Greek deal Requires Steps From Tsipras

    Thursday, June 18, 2015

     

    German Chancellor Angela Merkel said that the deal with Greece still be achieved if the Greek government's promise to undergo economic reforms on the part of creditors. Merkel did not show attitude softened in a speech in Berlin on Thursday, but he instead compare Greece with other bailout recipients who "take the opportunity" to overhaul their economies. Based on the agreement is government of Prime Minister Alexis Tsipras and the euro zone creditors last February 20, he said that Greece must commit to "a comprehensive structural reform," which will largely continue.

     

    Greece has received the solidarity which is very rare in the last 5 years, according to Merkel. The basic principle still applies, the bailout fund for those who want to carry out reforms, he added. The views of Merkel considered influential because he is the leader of the country's largest contributor to the bailout of Greece worth 240 billion euros (273 billion dollars). The intervention of the minister himself comes as the eurozone economy will meet in Luxembourg today in an effort to resolve the impasse over help that occurred since February. Currently the market is still pessimistic about the euro zone finance ministers meeting today will produce meaningful solutions.

  10. News and Review of European Economic Zone (Switzerland)

     

    SNB Jordan Estimate Will Weaken Franc

    Thursday, June 18, 2015

     

    Thomas Jordan gives a more optimistic outlook for the franc on Thursday, said the pace of the Swiss National Bank and the development of the global situation could weaken the currency from time to time. Speaking after the SNB kept interest rates at a record low, he said negative interest rates will help fix the valuation is too high. The central bank took off limits franc-euro 5 months ago, to jump-start the exchange rate of the franc to a record, pressing down inflation and weigh on the economy.

     

    As the international financial market conditions that began normal, investments in other currencies will become more attractive, and will help reduce the excessive strengthening of the franc, Jordan said in Bern. Slowdown seen in today's economy also shows that the Swiss franc will likely not survive in a high level, he added. Swiss consumer inflation rate is slowing and the economy are on the verge of a recession for the first time in 6 years after the SNB took off limits at 1.20 per euro in January. Commenting on the risk of the Greek crisis on the economy, Jordan said the central bank will maintain a loose monetary policy today and is ready to take further steps if necessary.

    Although still too strong Swiss franc against the euro, the franc is not currently getting a strong appreciation pressure, which is likely to explain why the SNB did not cut interest rates, according to economists. In the face of the possibility of confusion pascah acyl Greek debt negotiations, the SNB will probably need a little leeway, he added

  11. WTI Oil Prices Steady Ahead Of EIA Report

     

    Wednesday, June 17, 2015

     

    US crude oil prices stable movement in trading Wednesday as US output is expected to peak in the near future and analysts see another decline in reserves.

     

    JP Morgan said in a weekly note on the oil that US production has posted new highs this week, but he also added that "we expect that US crude oil production will start to fall gradually starting this month, combined with strong demand data that may will produce a tight balance in 2015.

     

    Analysts of one of the banks in New Zealand said that investors are now shifting their focus to the EIA report, which might indicate another strong decline in reserves.

     

    US crude oil is estimated to have dropped as much as 1.7 million barrels last week, beradasarkan Reuters poll of analysts. Gasoline stocks expected to fall 300,000 barrels.

     

    US crude oil is currently trading at the range of $ 60.05 a barrel at 10:37 pm, almost unchanged from the last closing price and the trend channel $ 57 - $ 62 per barrel that has been in place since the beginning of May.

  12. News and Economic Review Zone Asia (Japan)

     

    Japan Export Value Below Estimates Rise of May

    Wednesday, June 17, 2015

     

    The value of Japanese exports rose at the slowest pace in May since the decline in August last year, dampen the recovery in the country with the third largest economy in the world.

     

    Value of shipments abroad rose by 2.4% from a year ago, according to a report from the finance ministry on Wednesday, was below estimates for a gain of 3%. The volume of exports fell for the first time since February, down 3.8%.

     

    Decline in exports could weigh on industrial production for the manufacturing trying to reduce inventory replenishment that helps encourage faster economic expansion in the last quarter. Slowing growth in China, Japan's largest trading partner, has undermined demand, according to one analyst Toru Suehiro of Mizuho Securities Co.

     

    One analyst of the bank in Tokyo said that the increase in exports was weaker than expected, it reflects the slow pace of the global recovery. Bank of Japan will continue to monitor the downside risks seksasa on this.

     

    The value of Japanese exports to China rose 1.1%, it was the smallest increase since a decline in February, while the volume of shipments fell 4.5%. The volume of exports to the US fell 6.7%, this is the biggest drop since March 2013, with auto parts shipments fell 15.6%.

  13. News and Review of European Economic Zone

     

    Euro Zone Inflation Back

    Wednesday, June 17, 2015

     

    Euro zone economy back inflation in May, according to European Union statistics office confirmed, Eurostat on Wednesday, as rising food prices, of tobacco, and services offset the decline in energy prices. Eurostat said that the rate of consumer inflation in the euro zone rose at a monthly rate of 0.2% in May to an annual rate of 0.3%, mengkonfrimasi previous estimate. The inflation rate in April stagnant. The inflation rate, which in addition to components of unprocessed food and energy, rose as much as 0.1% in the monthly rate for an annual rise of 0.9%.

     

    Eurostat said that in May, the increase in the price of vegetables, restaurant and cafe as well as of tobacco has the greatest impact of the increase in the overall annual inflation rate, while the decline in prices of automotive fuel, heating oil and gas dragged down the inflation index. European Central Bank wants to keep inflation remained below, but close to 2% to an annual rate in the medium term. Worried by the trend of falling prices, the ECB began to buy government bonds in March to flood more cash in the economy and re-raise the price. Some market participants believe that the return of the euro zone into inflation can create ECB to halt quantitative easing (QE) hers, although most of ECB officials have said they plan to run QE to its conclusion. The ECB expects the euro zone inflation rate will rise to 1.5% in 2016 and 1.8%, is close to the target, in 2017

  14. News and Review of European Economic Zone (UK)

     

    BoE Minutes: Hiking Interest Rate Policy Depends Inflation Rate

    Wednesday, June 17, 2015

     

    Bank of England officials warned that this month the UK could be affected when other nations begin to raise interest rates, but the outlook for UK interest rates are still dependent on the domestic inflation rate. BoE MPC Meeting Minutes June 3 released Wednesday showed all nine members of the board voted to hold interest rates at 0.5%, even after the last month, two board members describe their decision "quite right". MPC board member warned that obstacles to the global growth rate began to subside, which means that some countries will probably begin to normalize monetary policy. Most economists expect the US will raise interest rates this year. According to the minutes, the policy can be extended internationally.

     

    However, the Committee agreed that the lines of England's monetary policy will depend on the inflation outlook in the UK and will not be determined by the pace of the other central banks. Minutes of June removing the reference to the previous month on "many factors" related pathways England interest rate policy, and the MPC said that the economic outlook is only slightly changed. The level of consumer spending became a major topic of discussion this month, with a number of members were surprised that the decline in oil prices have a greater impact. Other members said that the impact of falling oil prices will likely be too late felt and will accumulate over time. MPC also mengatkaan that the number of housing loan interest rates have reached a record low. According to the minutes, in this context, the Committee recalled that Laat policy available to the Financial Policy Committee and other regulators are the first line of defense against any financial stability risks that may appear on the housing market.

  15. News and Review of European Economic Zone (UK)

     

    Wage Workers in the UK Rise, Unemployment Rate Stable

    Wednesday, June 17, 2015

     

    The level of wages in the UK grew by more than expected to achieve the fastest pace in nearly four years in 3 months to April, according to government data Wednesday, the latest signal of recovery in living standards. Office for National Statistics also said the UK unemployment rate was steady at 5.5%, last at its lowest level since 2008. The number of people working rose as much as 114,000 in the three months to April, slowing down as England held a tight election last May 7th. Finally the Conservative Party Prime Minister David Cameron won the election with a majority in parliament, reducing uncertainty about the political outlook. The increase in the level of work to bring the number of people working into 31.05 million people.

     

    The average number of weekly wages in 3 months to April, including bonuses, rose by 2.8% compared with the same period a year earlier, accelerating from the annual growth rate of 2.3% in the 3 months to March. Outside bonuses, wages rose by a similar rate. Economists estimate the rate of wages will rise as much as 2.1% and outsized bonuses will increase by 2.5%.

  16. WTI Oil Price Rises, Boosted By NHC Hurricane Warning Report

     

    Tuesday, June 16th, 2015

     

    Crude oil prices rose after an initial warning on Tuesday, boosted by a warning that tropical storm heading coast state of Texas is an oil producer.

     

    US National Hurricane Center (US National Hurricane Center) issued a tropical storm warning on Tuesday morning at 09.00 am for the Texas coast from Baffin Bay region up to High Island.

     

    NHC said that based on estimates of the central tracker, diperkiaran the storm will reach the warning area along the coast of Texas on Tuesday morning and move inland from the southern to central Texas on Tuesday afternoon or evening, they also added that it is expected there will be strong winds, rain and some flood area.

     

    WTI Crude oil futures rose about half the range of $ 60 dollars per barrel in the afternoon, although the contract is still in the trend channel $ 57 - $ 62 per barrel which is tempatntya since early May. Brent oil rose 22 cents to $ 64.17 per barrel.

  17. News and Economic Review Zone Asia (Japan)

     

    BOJ Kuroda: I'm Not Trying To Affect Foreign Exchange Yen

    Tuesday, June 16th, 2015

     

    Bank of Japan Governor Haruhiko Kuroda said that he did not try to influence the exchange rate of the yen in a statement last week that sent the currency rise against the dollar.

     

    Kuroda said last week during a parliamentary session that the yen "is unlikely to weaken further in the effective real time." On this day he says that the real effective rate, which measures the yen in considering the trade, whose value is adjusted for inflation, are not indicators of bilateral exchange rates. He also said on Tuesday that he did not intend to say that he was not looking for a weaker yen.

     

    BOJ Governor's statement last week felt by some analysts to reduce the possibility of further monetary easing, because Japan further stimulus would normally weaken the yen. They also consider it as an unusual thing for policy makers usually limit their assessment of the exchange rate to give a comment on the rate of change, not the value.

     

    Although the presence of clarification on this day, the yen is still more powerful than before comments Kuroda. There have been signs that the Japanese authorities are not happy with the pace of decline in the yen against the dollar in recent weeks, sebelulum governor spoke at the Diet on Wednesday. Economy minister on June 9, has said that the move "suddenly" is not good, and the finance minister has seen the movement of "rough" on the currency.

  18. News and Review of European Economic Zone (UK)

     

    England Back Positive Inflation Rate of May

    Tuesday, June 16th, 2015

     

    UK inflation rate returned to positive territory in May after drops down to zero level in April for the first time in 55 years, signaling the UK only temporary fall into deflation. Office for National Statistics said the rate of consumer inflation rose by 0.1% in the 12 months to May, recovering from a decline of 0.1% in April. Data in May according to economists' estimates. In the monthly rate, the inflation rate rose by 0.2%, according to the ONS. Bank of England Governor Mark Carney has previously said inflation is likely to grow rapidly as the decline in global oil prices last year began to subside, and the UK is not heading prolonged deflation. Even BoE expects inflation will be close to zero to help the British economy by encouraging the purchasing power.

     

    The wages of workers in the UK has increased in recent months. Data on Wednesday is expected to show the basic salary, excluding bonuses, rose as much as 2.5% in the three months to April. The strengthening of sterling against a number of recent major currencies may limit the rate of price increases in the coming months. ONS on Tuesday said that the upward pressure on prices tingakt in May came from a rebound ticket that drag down the rate of inflation in April related to change Easter holiday period in 2015 and 2014.

  19. News and Review of European Economic Zone (Germany)

     

    German CPI rate of Fastest Growing On In 7-Month

    Tuesday, June 16th, 2015

     

    German consumer prices grew at its fastest pace in seven months in May, which indicates if the bond-buying program of the European Central Bank may begin to show effect as expected.

     

    German consumer price index, which is measured according to European standards, or HICP, rose 0.1% from April and 0.7% from a year earlier, according to final data released by the Federal Statistical Office Destatis on Tuesday. The annual growth was the biggest since October 2014.

     

    In the same occasion Destatis also maintain inflation data were calculated according to national standards. Based on the calculation method, German consumer prices in May was recorded to grow at a monthly pace of 0.1% and an annual rate of 0.7%. While the annual Core CPI, based on national accounting standards, reported significant growth of 1.3% as energy prices declined 5% compared to the month May 2014

  20. News and Review of European Economic Zone (Switzerland)

     

    Appreciation of the Swiss franc S****e Growth Prospects

    Tuesday, June 16th, 2015

     

    The Swiss government on Tuesday cut its forecast for economic growth this year following the terpukulnya exports by strengthening Franc. The government also issued a warning about the potential impact that may be faced by their currency if Greece failed to reach an agreement with the European creditors.

     

    "The effect of the decision of the Swiss National Bank lifted restrictions Franc exchange rate in January has worsened the economic outlook, which would still vulnerable to changes in foreign exchange rates," according to the State Secretariat for Economic Affairs or SECO.

     

    Franc's appreciation, especially versus the euro, has eroded the competitiveness of exports to Switzerland. Exports were reported down 1.3% in April as weak demand for chemicals, pharmaceutical products and watches from Europe and the US. These conditions encourage SECO Swiss lowered its growth forecast for 2015 GDP to 0.8%, from the March projection of 0.9%. While growth for 2016 is predicted at 1.6%, lower than the 1.8% previously.

     

    In the same occasion SECO maintain Swiss unemployment rate projections in the range of 3.3% for this year, and 3.5% for next year. While the average Swiss consumer price inflation is expected to grow 1.0% this year and 0.3% next year, unchanged from the previous projection

  21. Weaker oil in Early Week, Burdened Outlook Excess Supply

     

    Monday, June 15, 2015

     

    US crude oil prices opened lower in early trading this week with a further decline after falling for two consecutive days on Thursday and Friday due to high global production imbangi stronger refining demand.

     

    Analysts of one of the banks in New Zealand on Monday said that currently there are points momentum for commodity markets will be weaker in the short term. Oil prices failed to survive in the key resistance level last week, although consumption remains high due to refinery margins healthy.

     

    Saudi Arabia, the largest oil producer in the world, gave instructions last week that they were ready to Raise production above the current record high levels to meet demand, if it is necessary.

     

    For the price of WTI oil futures, this morning moved down 16 cents to $ 59.80 per barrel

  22. News and Economic Review Zone Asia (South Korea)

     

    South Korea Committed Maintaining Monetary Policy "Expansive"

    Monday, June 15, 2015

     

    South Korea's Ministry of Finance pledged to keep monetary policy "expansionary" although outbreaks continue to threaten the economy Mers, following the release of trade data showing a sharp drop in exports and imports in May.

     

    In front of the Parliament, the Ministry of Finance said it would maintain expansionary macroeconomic policies ayng to strengthen the country's economic recovery.

    Reported exports plunged 10.9% from a year earlier as imports tumbled 15.4%, based on the revised data released by the customs office on Monday. Those numbers do not experience many changes compared to the initial publication.

     

    As is known, the current South Korea was hit by the plague Middle East Respiratory Syndrome. The latest report of the Ministry of Health South Korea showed at least 150 cases have been identified so far, with 16 people listed had died from the plague that began in May found that

  23. News and Review of European Economic Zone

     

    Euro Zone Trade Surplus Rises in April

    Monday, June 15, 2015

     

    Euro zone trade surplus increased in April as the decline in imports. However, slowing export growth indicates if the depreciation of the Euro only bring a little boost to the economy in the region.

     

    The EU statistics agency, Eurostat, reported a trade surplus of goods between blocks euros with the rest of the world increased to € 24.9 billion ($ 28.05 billion) from € 14.9 billion in April 2014. Exports rose 1.1%, more slower than in March, while imports fell 1.6%.

     

    Such data as well as a depreciation shown evidence that the euro currency since May 2014 has not become a game changer for exporters, while the fall of imports may have helped drive growth for the current quarter.

  24. News and Review of European Economic Zone (Greece)

     

    Discussions Fail, Greece Requesting Party Creditor More Realistic

    Monday, June 15, 2015

     

    The Greek government continues to request on Monday that the creditor filed a bit more lenient conditions for the bailout deal after the discussion failed, bringing the Athens one step closer to default to the issuing of the euro zone. Recent negotiations failed after the European Commission again rejected the proposal of the Greek in Brussels at the end of last week. The creditors said that the Athens has failed to offer new sesuati to be able to disburse funding for mebayarkan 1.6 billion euros to the International Monetary Fund late June.

     

    Following what was said to be the last attempt at a solution, the European Commission said euro zone finance ministers will probably say the issue when meeting on Thursday. Can not stand by tightening over the years, the Athens balks request to raise taxes and slash funds penisun to narrow the fiscal deficit.

    In his first comments since the discussion ended up failing, Prime Minister Alexis Tsipras on Monday said it will wait for the lender to be more realistic and accuse lenders ask an unreasonable request. Tsipras told the Greek newspaper Ton Syntakton that there is a political will on the attitude of the creditors are insisting on cuts pension after five years of tightening in the bailout. He said that the Greek side will wait patiently so that the creditors more realistic. Tsipras will meet with his negotiating team on Monday, according to local radio stations Greece. Spokesman for Syriza party said that Greece will not budge from previous negotiating position stressing that the government will not leave the discussion.

  25. News and Review of European Economic Zone

     

    ECB Nowotny: Economic Growth Still Indicate That Slow Recovery

    Monday, June 15, 2015

     

    Economic growth may still be at a lower level than before the economic slowdown that hit North America and Europe in 2007, said a member of the board of the European central bank governor on Monday.

     

    Ewald Nowotny in the conference in an event organized by the Austrian central bank that discusses the prospects for economic growth in the long term to say that we should consider the possibility that the Great recesion have marked the beginning of a new era of trend growth rate is lower.

     

    The current monetary policy plays a crucial battle in the "manage fluctuations in demand, in stabilizing prices, output and unemployment," I think it is less important to enhance long-term growth potential of the economy. He added that structural policies, institutions, research research and development plays a significant role.

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