News and Reviews European Economic Zone

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News and Review of European Economic Zone (UK)

 

CBI: Exports Decrease Weight the UK factory orders in March

Monday, March 23, 2015

 

UK factory orders unexpectedly stagnated in March, hit by a sharp drop in exports in more than two years, wrote the Confederation of British Industry (CBI) said in a report on Monday (23/3). Survey CBI orders balance fell to zero in March, the lowest level in 5-months, from +10 in February. Analysts polled by Reuters predicted the decline would be limited to level +9. However, this data is still considered to be better than the long term average.

 

The new export orders fell to -26, the lowest level since January 2013, from -8 levels in February. CBI director, Rain Newton-Smith, pointing slowdown in the Euro zone and the strengthening of the pound sterling into the cause of the poor level of export orders. Sterling rose about 7% against the Euro since the beginning of the year, and the minutes of the meeting of the Bank of England in March showed concern BOE officials will strengthen Sterling which will curb inflation in the long run.

 

But the CBI survey respondents are still optimistic for the next three months, although at a lower level than in February. Newton-Smith added a production rate of the manufacturing sector is quite stable although slightly weaker than last month

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News and Review of European Economic Zone

 

Start ECB QE effects Perceived Business Sector Eurozone

Tuesday, March 24th, 2015

 

Business activity in the euro zone is much quickened this month, a signal that the bond purchase program the European Central Bank may indicate the result, according to a survey on Tuesday. Indication of the increase will be welcomed by the ECB officials, but the survey also shows that the company still cut prices to boost business. According to Chris Williamson, chief economist at Markit, there are a number of positive effects of quantitative easing, although released in time that has no growth, while domestic consumers have benefited from price reductions.

 

As part of efforts to boost consumer inflation rate, which fell by 0.3% in February, and trigger growth, the ECB flooded the market with cash, and around 1 trillion euro plan seems to have a positive impact. The composite PMI index by Markit euro zone rose to a near four-year highs at 54.1 from 53.3 in February. This figure compared with predictions for a slight increase to 53.6. Markit said the survey refers to a growth of 0.3% in the first quarter, the same as the previous quarter but below analysts' estimates of 0.4%

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News and Review of European Economic Zone (UK)

 

Annual Inflation Rate UK Stagnant in February

Tuesday, March 24th, 2015

 

UK inflation rate fell to zero in February, the first stagnation since counting began about three decades ago. Slowing the rate of inflation of 0.3% in January sharper than economists forecast and stagnation marked the first time since 1989. Based on historical data, this is the lowest level since 1960, according to the Office for National Statistics on Tuesday. The biggest impact on slowing the annual rate in February came from food and non-alcoholic beverages as well as furniture and household appliances and computers. Prices of food and beverages fell by an annual rate of 3.3%. There is a slight downward pressure on gasoline prices, which fell to an average of 107 pence per liter last month from 108.3 in January.

 

Bank of England Governor Mark Carney expects the inflation rate will drop to below zero in the coming months, although the BOE officials have said that they will still monitor the decline is due to be caused by temporary factors, particularly the decline in the price Minyal. Weak growth rate of prices mean less pressure on the BOR to raise interest rates from a record low of 0.5%. Carney also said that the impact of the decline in oil prices will start to fade this year and inflation will return to grow rapidly in 2016.

However, Andy Haldane BOE chief economist warned that the risk of low growth in prices will continue to cling, referring to the difference in the Monetary Policy Committee over time arguing about rising interest rates. Economists expect inflation to slow to 0.1% in February from 0.3% in the previous month. Core inflation rate slowed to 1.2% last month, below the estimate of 1.3%.

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News and Review of European Economic Zone (France)

 

Weakening Manufacturing Sector Output Growth Inhibitory French

Tuesday, March 24th, 2015

 

French private sector output lost momentum this month as the manufacturing sector contracted for 11 consecutive months, hamper recovery. Markit Economics on Tuesday mengatkaan combined PMI index for the manufacturing and service sector fell to 51.8 from 52.2 in February. While the manufacturing sector PMI rose to 48.2 from 47.6, but remained below the 50 level that distinguishes expansion and contraction. Service sector PMI fell to 52.8 from 53.4.

 

Jack Kennedy, economist at Markit in London said that the survey showed that the gradual expansion of output and he expects the economy to grow ecara slow this quarter. According to him, the service sector and manufacturing continue to score the performance of the different, with the expansion of the service sector to carry the load in the middle of a contraction in the manufacturing sector. French left behind by the largest economy in Europe, namely Germany, as the European Central Bank officials urged the government to implement reforms to complement their monetary stimulus. ECB bond purchases this month begin to prevent deflation cycle at the level of consumer prices and a decrease in the level of public spending.

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News and Review of European Economic Zone (Germany)

 

German Ifo Business Sentiment Up to 8-Month High Level

Wednesday, March 25th, 2015

 

German business sentiment improved to the highest level in eight months in March, fueling optimism about the health of the country's largest economy in the euro zone, according to industry data Wednesday. In the report, the German research institute, Ifo said its business climate index rose to 107.9 hers this month, up from 106.8 in February and was above estimates at 107.3. Business expectations index, which measures sentiment in the business outlook for the next 6 months, rose to 103.9 this month from 102.5 in February, exceeding estimates at 103.0.

 

According to Christoph Weil, economist at Commerzbank in Frankfurt US, there is hope euo zone economic growth will strengthen in the spring. According to him, the decline in energy prices and the weakening of the euro has a positive impact, and the ECB will continue its bond purchase program as planned. ECB on Monday said it has bought bonds of public sector worth 26.3 billion euros in the first 2 weeks of quantitative easing plan of hers. ECB President Mario Draghi has promised to buy assets worth 60 billion dollars per month until the month of September 2016 to ward off the threat of deflation in the euro zone.

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News and Review of European Economic Zone (UK)

 

Shafik BoE: Interest Rate May Be Up

Wednesday, March 25th, 2015

 

The interest rate in the UK is likely to rise even though the rate of inflation fell to zero, according to Deputy Governor of the Bank of England Minouche Shafik as reported by Kent Business Wednesday. Shafik said the main reason for the slowdown in inflation is the sharp drop in oil prices and the negative impact of the appreciation of the British pound in British corporate profits. According to him, in addition to external factors while the core inflation rate is not as low as it is now. He said the expectations of the Board of the Bank of England's policy, the next step for interest rates are rising, according to the publication. However, Shafik said the central bank will keep its options open, including the chance of rate cuts in the future.

 

Last week, chief economist at the Bank of England's Andy Haldane said the central bank should consider cutting interest rates if inflation threatened to descend further down the target than expected, makes him different from other BoE officials. The rate of inflation in the UK slowed down to zero level last month, according to data yesterday, as the decline in the price of food and sundries computer create stagnant consumer inflation rate of the previous sethaun for the first time on record.

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News and Review of European Economic Zone (Greece)

 

Greek Get Deadlines 5 Days

Wednesday, March 25th, 2015

 

Greece has until Monday to show how it will undergo reform commitments after eurozone refused quick access to the funds, according to officials following the teleconference 3 representatives of eurozone finance ministers. The eurozone remains an opportunity to provide Greece access to 1.2 billion euros (1.3 billion euros) that has been allocated in aid to the banking system, if the country was hit by the financial crisis could indicate how it will work in the future with the changes desired by the creditors. At the same time, 18 other eurozone countries insist that Greece should present a plan speksifik to be able to receive funding assistance, according to the officials.

 

Greece will not get faster access to the banking aid access, according to the European Financial Stability Facility after a teleconference Wednesday. EFSF said that legally, Greece no excess in return the money in February. And the result, on Monday will be a crucial test of whether Greece can convince the lender that it will meet the demand for an economic reform, according to officials. When Greece has submitted further documents, they must be reviewed by kredur officials and deputy finance minister in a few days at the beginning of next week, ahead of the Easter holiday, according to one senior.

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News and Review of European Economic Zone (Germany)

 

Germany Enter the economy "Fast Track"

Wednesday, March 25th, 2015

 

The rate of the German economy grew faster in March, shows that the main engine for economic growth in the euro zone returned a best performance in the region in the first quarter. Markit Economics mengatkan index of manufacturing and service sector PMI rose to 55.3 from 53.8 in February. Economists forecast a rise to 54.1. Growth is currently the 23rd consecutive month, and the fastest in the last 8 months. Germany, Europe's largest economy, has managed to overcome the slump in the middle of last year, and the Bundesbank on Monday said that the output is likely to continue to rise sharply this quarter. This is in line with the euro zone, where the European Central Bank President Mario Draghi said the recovery berkepanjang solid start.

 

According to Oliver Kolodseike, Markit economist, the German economy seems to be back into the fast lane. He said that the improving economic situation and the high level of demand from domestic and foreign markets are a number of reasons behind the strong growth in March. Service sector PMI index rose becoming 53.3 in March from 54.6 in February, and the manufacturing sector PMI rose to 52.4 from 51.1.

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News and Review of European Economic Zone (Germany)

 

German Consumer Confidence Seen Up For April

Thursday, March 26th, 2015

 

German consumer confidence is expected to improve further in April, supported by a weaker euro and lower energy prices, factors terserbut interpreted economic support for the state of the individual, according to a monthly sentiment survey.

 

Index of consumer sentiment in the future to a survey by GfK rose to 10.0 points for April from 9.7 points in March, it is the highest level since October 2001, when the indicator was at 11.0, the GfK research group said on Thursday.

 

The economists surveyed by the Wall Street Journal expect the index to rise to 9.9 points in April.

 

GfK said that consumers consider the German economy will be in the path of ascension based on the weakness of the euro, which it will increase eksporm and low energy prices. The improving economic outlook in the country with the largest economy in Europe aided by revenue expectations and willingness to buy to exceed the value of the note on the previous month.

 

GfK uses data from the current month to obtain figures for the coming months.

 

GfK added that the economic expectations of consumers rose by 9.6 points to 36.8 points in four consecutive rise, indicate that the upward trend "clearly stable."

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News and Review of European Economic Zone (Switzerland)

 

SNB: Limit Franc Exchange Rate It Not Profitable

Thursday, March 26th, 2015

 

Swiss central bank has been forced to remove the limit of the franc exchange rate due to cost overruns are likely to exceed the proportion of the benefits of maintaining the policy, according to the annual report of the Swiss National Bank on Thursday. Swiss National Bank to intervene massively in 2014 to defend the exchange rate policy limits, which keep the franc exchange rate at 1:20 francs per euro, according to the SNB. Towards the end of 2014, the SNB spent 25.8 billion Swiss francs (26.9 billion dollars) to maintain such limits, clearly SNB. The central bank said the pressure on the currency continued to rise in the first half of the month in January. According to the SNB, the cost to maintain the policy limits at 1:20 francs per euro would outweigh the benefits to the economy.

 

SNB shocked financial markets when removing the limit exchange rate at the beginning of the year. The move triggered the strengthening of the franc against the euro and the dollar, after pushing the Swiss stock exchange to the upheavals as menignkatnya anxiety about the fate of companies that rely on exports. SNB policy has been designed to relieve pressure on companies in Switzerland, which rely on the level of sales in the euro zone. Strengthening of the Swiss franc makes exports more expensive and reduces the value of the franc when repatriated earnings.

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News and Review of European Economic Zone (UK)

 

UK Retail Sales Rise in February

Thursday, March 26th, 2015

 

The level of UK retail sales rose more than expected in February, terbatnu by a recovery in the housing market last year that encourage the growth of sales of furniture and all other sectors. Compared with February last year, the sales volume rose as much as 5.7%, according to the Office for National Statistics in a series of data that adds to signal that the UK economy continues to grow strongly ahead of the elections on May 7th.

 

Retail sales rose 0.7% sebeasr of January, according to the ONS. Sebeasr 0.9% monthly increase in non-specialty tokok shows the increase in sales of furniture that is usually left behind by a recovery in the rate of home sales, said the ONS. Economists forecast a rise of 0.4% sebeasr and 4.7% to an annual rate, adding a strong growth rate at the end of last year. In the three months to February, the level of sales rose 2.0% sebeasr, slowing Dair previous blan showing a slowdown in the rate of sales in January. Britain's economic recovery since mid-2013 has relied on consumer spending.

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News and Review of European Economic Zone (Germany)

 

Schaeuble: ECB Interest Rate Policy A Problem To Germany

Friday, March 27th, 2015

 

German finance minister Wolfgang Schaeuble has shown his concern about the impact on Germany of the policy interest rate and the European Central Bank warned about going to the formation of bubbles on the economy.

 

Schaeuble during a press conference to say that we have the interest rate environment which of course will cause a big problem for us in Germany. The level of interest rates is clearly too low for Germany.

 

He stressed that the ECB should maintain its goal of price stability, but the current monetary policy could lead to "mis-allocation of resources" and bubles.

 

"This is not a criticism of the ECB's monetary policy, it is a structural problem," he said with regard to the size-fits-all policy.

 

The German economy is one of the locomotives of growth in the euro zone, with the government's estimate of 1.5% growth for this year and 1.6% for 2016.

 

The ECB kept interest rates at record lows and start an aggressive stimulus program to buy assets worth 60 billion euros every month to revive the weakening euro zone economy and boost inflation.

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News and Review of European Economic Zone (UK)

 

BOE Broadbent Predict Risk of Deflation UK Small Enough

Friday, March 27th, 2015

 

Britain is unlikely to fall into deflation, according to Deputy Governor of the Bank of England Ben Broadbent on Friday, affirms that his colleagues sought to allay anxiety due to a sharp drop in inflation in recent months. Broadbent said that in addition to Japan, there is no modern developed countries with floating currencies such as the British are experiencing deflation for more than a year. He said in a speech at Imperial College Business School in London, chances are extensive and prolonged deflation, which hit the level of wages and prices, quite low. Broadbent estimates the rate of inflation will rebound in about 1 year, said that inflation has been at the level of more than 1%, if it ignores the impact of falling oil prices and other factors.

 

He said base effects will provide a great driving positive for the annual inflation rate at the beginning of 2016. Ignoring the decline in food and energy prices during the year ahead, inflation rates are likely to rise sharply, he added. In theory, a negative inflation rate can lead to a drop in prices and wages, as consumers refrain from shopping for estimating a decrease in the price of goods, resulting in the economy to contract. But according Boradbent this probably will not happen, the decline in oil prices raise revenue spare British society, making them more buy goods that are not important, and deflation occurs as the level of wages and retail sales began to rise.

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News and Review of European Economic Zone (Greece)

 

Greece Will Email List Reform Today

Friday, March 27th, 2015

 

Greece will submit a list of reforms that had been anticipated in the eurozone and the International Monetary Fund on Friday in hopes of getting the help she desperately needed cash, according to a Greek government official. The EU and the IMF, which is touted as the Brussels Group, will meet in Brussels on Friday night to begin discussing the list, according to the official. Their agreement, followed by the approval of eurozone finance ministers, will be needed by Athens to disburse aid and dismissed the default.

 

So far the Athen only give little indication as to whether the terebaru list will contain more far-reaching reforms of the previous list that shows the 7 reform on broad issues ranging from tax penghidnaran to reform the public sector which failed to impress the creditors. Government of Prime Minister Alexis Tsipras has said that the latest list will include policies to improve investor sentiment, pushing income tax and judicial reform, but did not say much about what was promised on the part of creditors.

The Greek government is also expected to address a number of forms of pension fund reform, despite having rejected the attempt to raise the retirement age or other sensitive policies are considered to cut the amount of pension payments for tightening in Greece. Parties Athens also expected to include labor sector reforms aimed at suppressing the increase in the number of undocumented workers, and also include a commitment to allow the privatization takes place.

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News and Review of European Economic Zone (UK)

 

Number of UK Mortgage Approval Up in February

Monday, March 30th, 2015

 

The number of mortgage approvals for new homes in the UK for February rose to its highest level in six months, it shows that the housing market in the UK might be ready to rally back after subsided in late 2014.

 

British banks 61.760 approve mortgages for the purchase of the property during the month of February, said the Bank of England on Monday, compared with 60.707 in January. The number of overall value of mortgage loans also rose rose to 1.7 billion pounds ($ 2.6 billion) from 1.6 billion pounds.

 

The data is the latest sign that property prices in the UK can immediately to begin to accelerate. Although figures released last week by Nationwide showed that the housing market is still weak in March, another indication for a mortgage loan that showed interest in buying the house back up. Prices rose sharply during the first half of 2014 followed by a slowdown until the end of the year.

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News and Review of European Economic Zone (UK)

 

BoE Will Perform Stress Test Against 7 Large Banks

Monday, March 30th, 2015

 

Largest banks in the UK must be able to withstand the blows of severe global economic slowdown and deteriorating asset trading, under the latest stress test of the Bank of England.

 

Hypothesis stress tests will show the Chinese economy and the euro zone to contract, commodity prices slumped, while banks have to face default some major trading partners, according to the Bank of England on Monday.

 

To-7 major banks based in the UK should be able to maintain a core tier one ratio of 4.5% to be able to pass the exam. They also must maintain a leverage ratio above 3%. The results of the stress test is scheduled to be published in December. Banks to be tested is the Royal Bank of Scotland Group PLC, Barclays PLC, HSBC Holdings PLC, Lloyds Banking Group PLC, Nationwide Building Society PLC, Santander, and Standard Chartered PLC.

 

"The test of this year has a different focus, but equally important," says BoE Governor Mark Carney. He added that the checking account will also help show the vulnerable point in the system

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News and Review of European Economic Zone (Germany)

 

German Inflation Rate Up 0.3% in March

Monday, March 30th, 2015

 

Consumer prices in Germany rose broadly in line with market expectations in March, easing concerns over the risk of deflation in the euro area, government data showed on Monday.

 

In a report, the German statistics bureau said that consumer prices rose at an annual rate of 0.3% in the month, reaching market forecasts and higher than the reading of 0.1% in February.

 

At the monthly level, consumer prices rose by 0.5% Germany in March, is also equal expectations, after rising by 0.9% in the previous month.

 

The currency pair EUR / USD is trading the range of $ 1.0844 from $ 1.0837 on the eve of the release of the data, while the EUR / GBP the range of 0.7329 from 0.7330 earlier in

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News and Review of European Economic Zone (Germany)

 

German Unemployment Rate Down in March

Tuesday, March 31, 2015

 

German unemployment rate fell to a record low as the labor market continues to continue to support the country's position as Europe's economic powerhouse.

 

The unemployment rate in Germany fell to 6.4% in March from 6.5% in February, reported by the Federal Labor Agency in Nuremberg on Tuesday. Economists predict that the level still will not change, according to the median estimate of 32 economists in a Bloomberg survey. The number of people out of work fell to a seasonally by 15,000 to 2.8 million.

 

Level of confidence of businessmen and investors in Germany soared because of declining energy prices give more money to the consumers and the weakening of the euro will support the export value. Output in Germany is likely to rise "sharply" in the first quarter, the Bundesbank said in a report in March.

 

Heinrich Bayer, an economist at Deutsche Postbank AG in Born said that no matter how you look at it, the momentum for Germany is positive for now. For the labor market, the rate during the winter has been very solid, and further improvements will take place March month to add a positive image of the country.

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News and Review of European Economic Zone (UK)

 

UK Economy Grows 0.6% in Q4

Tuesday, March 31, 2015

 

The exporters and consumers led the British economy to the longest period of uninterrupted growth since 2008.

 

Household spending rose by 0.6% in the fourth quarter and exports jumped by 4.6%, it was the highest since 2013, the Office for National Statistics said in London today. British gross domestic product expanded by 0.6%, greater than previous reports that rose 0.5%, it is the increase for eight consecutive quarters.

 

At the moment the UK economy showed recovery in the future, the Bank of England said that they will keep interest rates at record lows in the middle of them also monitor the implications of the decline unprecedented in the inflation rate to a level of zero. The data provide an advantage for the coalition government led by the Conservative party, which is struggling to get the support of voters with less than six weeks to the election.

 

The fight while inflation will redah "lift real income and expenditure growth triggers strong," said Michael Saunders, economist at Citigroup, in his memoirs on March 27. It may strengthen the prospects for strong economic growth.

 

There were revised up for the service sector and production in the fourth quarter. in the third quarter, growth was revised down to 0.6% from 0.7%.

 

UK GDP expanded by 3% in the last three months of 2014 from a year ago, revised up from 2.7%. The economy grew by 2.8% in 2014 and is now 3.7% higher than the peak levels reached in early 2008.

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News and Review of European Economic Zone

 

Euro Zone Consumer Price Decline Slows in March

Tuesday, March 31, 2015

 

The weakening of consumer prices in the Euro eased in March, provide a justification for the policy of the European Central Bank after they are pumping stimulus to ward off the threat of deflation.

 

The annual inflation rate in block 19 Eurozone countries rose to minus 0.1% from minus 0.3% in February, the statistics bureau reported by the European Union in Luxembourg on Tuesday. These results are reading for the fourth time in a row to below zero and in line with the median estimate in a Bloomberg survey. Meanwhile, in another report showed the unemployment rate fell to 11.3% in February from 11.4% in the previous month.

 

ECB promised to buy assets worth 1.1 trillion euros ($ 1.2 trillion), which includes government bonds until September 2016 to ward off deflation. ECB President Mario Draghi, who pushed the program meskipu opposition from Germany, has sinyalkan that he will get the victory and will bring inflation back in line with the central bank's mandate in the range of 2% in 2017.

 

"The inflation rate rose again at an annual rate, especially since oil prices began to rise at some point," said Marco Wagner, an economist at Commerzbank AG in Frankfirt. The latest step ECB may of course affect also, however small it may be. "

 

Bundesbank President Jens Weidmann, who menenatng the program, found kenaikn consumer prices was also due to a decrease in energy prices as well as the previous ECB action to stimulate the economy.

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News and Review of European Economic Zone

 

Eurozone Manufacturing Index Up in March

Wednesday, April 1st, 2015

 

The manufacturing sector in the Euro area expanded faster than reading last month, helped by growth in Spain and Italy and the strong performance of Germany, which is the country with the largest economy in Europe.

 

Markit Economics said that the manufacturing PMI rose to 52.2 from 51 in February. It is the highest level in 10 months and exceeded the previous month's reading of 51.9 level. Level 50 distinguishes between expansion and contraction.

 

Economic momentum in the euro area of ​​19 countries began to gather strength as the European Central Bank to buy bonds to generate growth and inflation, and the weakening of the euro has helped exporters. Markit report also highlights the differences in the block, with Germany which recorded the fastest growth in almost a year, while the French, Greek, and Austraia manufacturing sector looks to contract.

 

Chris Williamson, chief economist at Markit in London said that the euro zone economy to rise after a hit in the past year. It is still premature recovery and the overall recovery rate is still moderate.

 

In Germany, the manufacturing index rose to 52.8 in March from 51.1 in February, higher than the estimate of 52.4. Italian manufacturing rose to 53.3 from 51.9, exceed the estimated 52.1. French manufacturing index rose to 48.8 daru 47.6, still below the level 50. Meanwhile, the index of manufacturing Spain and Ireland respectively at the level of 54.3 and 56.8.

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News and Review of European Economic Zone (UK)

 

Expanding Manufacturing Sector UK Back in March

Wednesday, April 1st, 2015

 

UK manufacturing growth accelerated to the fastest pace in eight months in March as rising demand from abroad.

 

Manufacturing purchasing managers' index in the UK rose to 54.4 from 54.1 in February, the result is higher than economists forecast, reported by Markit Economics Ltd. in London. The index has held above 50, which distinguishes between expansion and contraction, for the past two years.

 

The UK economy grew more than estimated in the fourth quarter as consumers and exporters lead England into the range of the longest growth since 2008. Growth has been largely supported by domestic demand and exports were just beginning to recover to overcome struggles in Europe, which is a trading partner Britain's biggest.

 

Rob Dobson, senior economist at Markit in London said that the manufacturing sector continues to bright start in 2015. Driving the growth is more inclined to be influenced by domestic consumers and a solid rise in latest export orders also provide advantages in the future.

 

Markit said that new orders in manufacturing rose to the fastest pace in eight months in March, while export orders rose to its strongest level since August. Goods to the consumer which is the majority of which boost factory output.

 

For the first quarter, factory output is likely to rise to around 0.6%, Dobson added.

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News and Review of European Economic Zone

 

ECB Will the Review of Banking Liquidity Greece in Wednesday

Wednesday, April 1st, 2015

 

European Central Bank officials will consider extending assistance to the Greek banking sector in line with the level of savings in banks in Greece fell for 6 consecutive months. ECB Policy Council will hold a weekly review on Wednesday against the Emergency Liquidity Assistance, funds continue to avoid Greece from bankruptcy, according to two sources close. Withdrawal of funds slowed to 3 billion euros (3.2 billion dollars) in March, bringing outflows since last October reached 28 billion euros, according to other sources.

 

Michala Marcussen, head of global economics at Societe Generale SA, said in an interview with Bloomberg Television that Greece is stuck in a very tight situation. It is clear that the euro zone intends to put Greece to remain under pressure and continue negotiations, he added. With Greece began to run out of money, the ECB loans to prevent financial collapse. Prime Minister Alexis Tsipras is trying to persuade lenders in the euro zone to disburse aid in line despite his refusal to further tightening.

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News and Review of European Economic Zone (Greece)

 

Greece has been Email List New Reform

Thursday, April 2nd, 2015

 

Greece has membeirkan list of recent reforms on the part of creditors in the hope to meet expectations for a more detailed list and can melt the assistance needed for avoiding default, the Greek government officials said on Wednesday. Greece have a week before running out of money, but the creditors eurozone and the International Monetary Fund has suspended aid to the company implementing reforms, with the stalled discussions on what policy should be taken. Greek Finance Ministry official said it has sent a new document in Brussels Group on Friday which is more specific and more, saying that the labor reform and pension sector is the main focus in the discussion. The Financial Times reported that documents totaling 26 pages has put the necessary funding Greece amounted to 19 billion euros.

 

Party of Greece and the eurozone promised to continue trying to disburse aid post progress in recent days, according to the Greek Finance Ministry officials. Two euro zone leaders agreed that the discussions progress, aware of the progress of Greece while insisting that it takes more effort to reach agreement assistance. To disburse aid, Greece must obtain the approval of the International Monetary Fund, the European Commission and the European Central Bank, which is now known as the Brussels Group. If the Prime Minister Alexis Tsipras can reach an agreement with the creditor group, it will pave the way for euro zone finance ministers to consider the disbursement of aid.

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News and Review of European Economic Zone (France)

 

Government Ask Two French SOEs Infrastructure for Partnering

Thursday, April 2nd, 2015

 

The French government ordered two state-owned companies that ELECTRICITE de France SA and Areva SA to immediately join in a partnership. This unification is necessary to save Areva of losses that have lasted long.

 

EDF and Areva claimed to be the more advanced if not cooperate in any nuclear reactor projects and international business. Economy Minister, Emmanuel macron, insisted he would only give me a few weeks for them to a partner.

 

According to him, the existing nuclear project plans that come but the government does not believe Areva able to do it alone. Areva's own plans to sell assets, reduce expenditure and capital expenditure as well as considering layoffs because of a loss up to 4.8 billion euros ($ 5.4 billion) in 2014. Nicks was marked loss phase that has lasted for the past 4 years.

 

Areva in difficulty completing a nuclear reactor construction contracts in Finland. In addition, there is an error in the policy strategy uranium mines so that it becomes useless investment. Inclusion is also diminishing as the nuclear industry turned sluggish after earthquake damaging the reactor Fukushima, Japan in 2011. In a media interview, macron declared partnership between EDF and Areva have to be fought, especially with regard to the unification of both capital