mynameisandhy Posted May 4, 2012 Author Report Share Posted May 4, 2012 News and Review of European Economic Zone Euro Bullish Signal Strength Friday, May 4, 2012 Movement on EURUSD 1-hour chart looks bullish to build the foundation. If the euro firmed against the dollar to break through resistance 1.31651 then there are chances that prices will move upward toward the resistant 1.32097. The technical indicators of the stochastic is in overbought. Beware if prices break through support there is a tendency 1.31375 prices will move down to 1.31153 to 1.30928 support. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 4, 2012 Author Report Share Posted May 4, 2012 News and Review of European Economic Zone Depending on the payrolls Stock Performance Friday, May 4, 2012 European Central Bank (ECB) interest rates on hold today while most of the country was entering a recession phase. ECB chief, Mario Draghi, not closing the possibility of rate cuts in coming months. His comments helped the market to the stock market closed mixed. Britain's FTSE rose 0.2%, Germany's DAX fell 0.2% and French CAC lost 0.1%. Yesterday Asian stock markets also ended mixed. Shanghai Composite (SHCOMP) rose less than 0.1%, while the Hang Seng (HSI) of Hong Kong minus 0.3%. The Tokyo stock market closed yesterday. Most of the Asian stock markets dragged down by weaker today Wall Street overnight. While European markets are not much different possibilities to confirm payrolls data released tonight. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 4, 2012 Author Report Share Posted May 4, 2012 News and Review of European Economic Zone Post-Euro falls ECB Meeting Friday, May 4, 2012 In the afternoon session on the weekend (Friday, 4/5) observed the single currency Euro is still stuck in the relegation zone range of $ 1.3140/50. Decline of EUR today because investors still feel a sense of pessimism about the economic recovery in Europe after the release rate of manufacturing activity is declining significantly. So that the condition re sparked concerns about the economic slowdown in the region, especially ahead of elections in France and Greece this weekend. And consequently the EUR yesterday had fallen to the low range of $ 1.3097 against the dollar despite the present record lows at $ 1.3142. Negative pressure is also growing after the statement of the President of the ECB - Mario Draghi, after it returned its key interest rate at 1% level. Draghi said that the prospects for the euro zone economy will recover this year, although it remains vulnerable to downside risk. Yet she became more worried about the market in the absence of action from the ECB in a series of numbers following yesterday meetingnya worsening fundamentals. Because it is risky to bring negative consequences for the euro zone economy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 7, 2012 Author Report Share Posted May 7, 2012 News and Review of European Economic Zone Election results Enlarge Opportunities Greece Greek & Euro Zone Divorce Monday, May 7, 2012 Greece in danger of getting deeper into the crisis deepened as the election results indicate the presence of anti-austerity budget vote results in the absence of a convincing winner of the election. Party is dominant, the PASOK (Conservative New Democracy and Socialist) won only 1/3 vote, or less than? less necessary in the Greek Parliament. While other parties in Greece are more pro-bailout and pro-austerity election defeat. These results lead to renegotiation of the agreement between the IMF, the European Union and the Greek government, but about 70-75% of Greek society still wants to remain incorporated in the Euro Zone as well as many benefits for the economy. While Citi analysts increases to 75% chance that Greece will exit from the Euro zone, Greece in 12 to 18 months. Respond to these conditions, the EURUSD currency pair fell below the psychological level of 1.3000, while at the same negative sentiment in the stock market into Asia partly weakened sharply. Japan's Nikkei fell -110 points, while Hong Kong's Hang Seng index dropped -581 points due to the action and attitude of risk aversion by investors who sell shares of a number of listed companies that export to the European region. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 7, 2012 Author Report Share Posted May 7, 2012 News and Review of European Economic Zone Stocks slumped Greek Easter Weekend Election Monday, May 7, 2012 Greek stocks fell sharply following the elections at the weekend that produced a defeat for the Greek government parties are more pro-bailout and pro-austerity. Monitored by far the Greek ASE Composite Index, fell -6.3%, while the Greek bond yields for 10-year tenor soared percentage points to level 2:34 23:06%. Issuers of shares National Bank of Greece still show decline in lead weakened by -15%. The results of the popular vote more in favor of parties who opposed the budget austerity program / ​​austerity as a condition to continue to obtain financing from partners in Europe and the IMF. These results also sparked fears that Greece will soon leave the Euro Zone, and cause weakening of the single currency against the euro since the Asian trading session today. After the Greek government came to power and is ready to negotiate, the team Troika of the European Commission, IMF and the ECB will re-visit to Athens to discuss the budget austerity measures. If Greece fails to deliver as promised earlier commitment, no risk of an international bailout will again be revoked. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 7, 2012 Author Report Share Posted May 7, 2012 News and Review of European Economic Zone German industrial orders Try Mute Attenuation Euro Monday, May 7, 2012 Try to reduce the weakening euro after German data give hope for improvement in Europe's biggest economy. German industrial orders rose 2.2% for the month of March, better than the revised forecast of 0.5% and 0.6% the previous publications. The euro rose 10 pips after the data was released. Nevertheless, the euro was weakened by the EUR / USD is now trading 1.3036, not far from 1.2955 daily lows. Would signal the emergence of the German economic recovery would give some good news amid widespread concern about the impact of the election results in France and Greece. Investors are worried by the European commitment to resolve the debt crisis after Hollande wins the presidential election in France. It remains unclear what kind of coalition government will be established by the Greeks but the market seems to be preparing for the possibility of renegotiation of the European bailout fund requirements. The increasing industrial orders will certainly be intimated the German economic recovery after the worst natural period in the winter. It also can increase the likelihood will decrease the threat of recession in Europe. Stretching the German economic activity would be to increase imports from countries other euro-zone members that can contribute spur economic activity in the troubled country like Spain and Greece. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 8, 2012 Author Report Share Posted May 8, 2012 News and Review of European Economic Zone Greek elections still Potentially Press European Stock Tuesday, May 8, 2012 European stocks trading on Tuesday (05/08/2012) is predicted to move mixed with Greek election results and prospects of the EU economy. FTSE index is predicted to potentially fell 8 points, the DAX index would go up 17 points and potentially lower CAC 5 points. With the victory of Francois Hollande in French election at the end of last week and the Greek election results give a negative sentiment for the global market. The failure of the bailout supporters politicians in France and Greece worrying European crisis. The two countries is currently led by the socialist camp who opposes and rejects bailout budget austerity policies. Whereas the second step is the initial solution out of the crisis that has been running for two years. Greek parties supporting the bailout must surrender his power to the coalition of the Socialist camp. Today, the Greek government will auction bonds worth 1.5 billion euros or U.S. $ 1.95 billion. European markets will menvermati HSBC performance reports, Tui Travel, Munich Re, Deutsche Post and Statoil of Norway. Asian stocks rose as the majority of the Hang Seng index fell 0.03%, Nikkei up 0.6%, Straits Times index rose 0.3%, the Shanghai index down 0.5%, Kospi index rose 0.4%, ASX index rose 0.09%. Depressed for a week after the trade last night at the Dow Jones has limited attenuation, attenuation as a result of ongoing concerns about the economic recovery in Europe. Dow weakened 0.2%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 8, 2012 Author Report Share Posted May 8, 2012 News and Review of European Economic Zone Euro Vulnerable 'Play' to Under $ 1.3000 Tuesday, May 8, 2012 Until well into the European trading session (Tuesday, 8/5) the single currency Euro seems to shrink steadily eroded close to critical level $ 1.3000. The weakening U.S. today is still associated with the action undertaken by the risk aversion of investors because they merass uncertain situation in Europe. And the euro likely will still likely remain under pressure in the next few days. And did not rule out the single currency was eroded back to a level below the critical $ 1.3 considering the technical, some indicators are now showing a bearish trend. The condition is characterized by the stochastic indicator, MACD Moving Average and a confirmed downtrend. So when referring to the indicator, approximately 80 percent of the EUR today is likely weakened again and it is difficult to mamacu rally. So that these currencies have to deal with the detainees immediate support at 1.3000 and 1.2960 for psychological proceed to 1.2920. Meanwhile, when EUR was able to strengthen again even though it must be hard, some of which will limit the resistance level of 1.3065 and 1.3100 to 1.3130. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 8, 2012 Author Report Share Posted May 8, 2012 News and Review of European Economic Zone European markets weakening in Early Session Tuesday, May 8, 2012 Concerns over newly elected Greek government has made the European stock markets opened lower on Tuesday trading (08/05/2012). Konvervatif main stronghold in Greece failed to agree to form a coalition after the elections on Sunday (06/05/2012). Thus allowing the left-wing coalition party formed a government alone. The market had expected they would oppose a bailout from the EU and the IMF. So quoting from cnbc.com. FTSE index fell 0.09% to 5650, the CAC down 0.9% ke3.182, 48 and the DAX index fell 0.3% to 6548.74. Marked decline in the stock index 0.7% Deutsche Boerse who are experiencing technical problems with the trading system. Dutch Telecoms shares rose 18% after America Movil, controlled telecom giant conglomerate of Mexico, Carlos Slim plans to acquire 28%. Asian stock markets marked decrease in the Hang Seng index fell 0.5% and Shanghai index down 0.1%. The increase experienced by the Nikkei index rose 0.6%, Straits Times index rose 0.2%, Kospi index climbed 0.5% and the ASX index rose 0.3%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 9, 2012 Author Report Share Posted May 9, 2012 News and Review of European Economic Zone (UK) Retail sales weaken Sterling Wednesday, May 9, 2012 Sterling weakened in the London session after retail sales data confirm the economy experienced a recession that is now England. British Retailers Association data show retail sales fell 3.3% in April, worse than the publication in March increased 1.3%. This is the biggest fall in retail sales since March 2011 and will certainly also influence the Bank of England monetary policy. The survey shows the BoE will continue to keep interest rates at a low level of 0.5% and did not change as much an asset purchase program? 325 mylar. However, further indications of the emergence of weak economic activity will still be able to turn the expectation of monetary stimulus. "We do not anticipate a change in the BoE monetary policy. However, the worsening economic indicators and the recession being experienced in the UK would be able to push some BoE officials to consider providing more stimulus. This course will push sterling performance, "said Adrian Schmidt, strategic Lloyds. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 9, 2012 Author Report Share Posted May 9, 2012 News and Review of European Economic Zone Spanish banking worsen European Market Sentiment Wednesday, May 9, 2012 Majority stake in Europe's main bourses have had to go back to trading blows Wednesday after a source said that if Spanish banks may have to increase their capital adequacy in the near future, amid a prolonged political uncertainty Greece. German DAX and French CAC40 slipped into the red zone with each lost 0.5% and 1.15%. Similarly, the British FTSE index fell 1.3% to enter the mid-session on Wednesday. Banking stocks fell sharply observed after a source said that if the Spanish government may be urged banks to increase the provision of real estate assets they are. Semantara increasingly widespread speculation that Greece will come out of the 17-nation bloc as politicians in Athens continues to struggle to form a coalition government after an inconclusive election result on Sunday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 9, 2012 Author Report Share Posted May 9, 2012 News and Review of European Economic Zone Euro extends decline against the dollar Wednesday, May 9, 2012 Euro extends decline against the dollar on Wednesday, falling below the 1.30 support level, due to concerns over possible failure of the Greek or out of the euro zone increased. Concerns over the future of Greece in the single currency bloc culminated in a session Tuesday after Alexis Tsipras, Chairman Syriza Greece's second largest party, said that Greece's financial aid package is null and void, and called for a moratorium on debt payments Greece. Tsipras have held talks with leaders of major political parties in Greece today, in an attempt to form a government continued, but the second round of elections seems increasingly possible. Investors also fear that the focus was elected President of France Francois Hollande on growth rather than austerity measures as a means to overcome the debt crisis of the euro zone could trigger tensions with Germany. The euro touched its lowest level observed since Monday at the 1.2963 level in European afternoon trading, then consolidated at the level of 1.2971, down 0.27 percent. Euro hovers just above the level under three and a half years against the pound, edged up 0.01 percent to 0.8049 and the euro hit a record drop to its lowest level in three months against the yen, down 0.76 percent to hit 103 , 08. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 10, 2012 Author Report Share Posted May 10, 2012 News and Review of European Economic Zone Euro falls after ECB monthly bulletin released Thursday, 10 May 2012 The euro fell to 2930 from 2966 levels or decreased by 30pip immediately after the ECB (European Central Bank) released the Monthly Bulletinnya, in a statement the ECB to cut the target for next year's GDP by 0.1% which falls on the level of -0.2% when compared with estimates of GDP this year in 0.1%. other major currencies and commodities also showed significant impairment resulting from the release of this Monthly Bulletin, the future fate of Europe is still dependent on the development of political conditions in Greece and debt developments in Spain and Ireland. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 10, 2012 Author Report Share Posted May 10, 2012 News and Review of European Economic Zone Sell-off, caused exchange euro weakened Thursday, May 10, 2012 European stock markets turned lower in morning trading session Thursday, as investors are still worried consumers turned to selling stocks, food and beverages. The Stoxx Europe 600, down 0.2 percent at 249.18 level but could be opened with a rise of 0.3 percent in opening trade. French CAC 40 index led the decline, down 0.7 percent to a level of 3098.66, after L'Oreal SA shares fell nearly 2 percent, Pernod Ricard SA slid 1.6 percent and Danone SA slid 1.2 percent. Spanish IBEX 35 index maintained gains, up 1.7 percent to 6925.10 level, underpinned by rising shares of Repsol YPF SA is up 4 percent on the income statement. Greece Athens General Index rose 1.6 percent to 624.54 level because of political tensions eased somewhat over the country will talk further assistance. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 10, 2012 Author Report Share Posted May 10, 2012 News and Review of European Economic Zone (UK) BT Target Dividend Rise Thursday, May 10, 2012 Monexnews - BT Group Plc, the company's fixed-line telephone network, Britain's largest, said that the company will pay higher dividends after the reported increase in operating profit by 4% in the fourth quarter that exceeded analysts' estimates. The company raised its dividend payment to shareholders as much as between 10% and 15% every year for 3 years from now, BT said in a statement today. Earnings before interest, taxes, depreciation, amortization and expense of trimming workforce rose to 1.61 billion pound (or the equivalent of $ 2.6 billion) in the three months to March. Analysts estimate the earnings of 1:58 billion pounds, according to a survey conducted by Bloomberg. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 11, 2012 Author Report Share Posted May 11, 2012 News and Review of European Economic Zone Italy, Spain and France will auction bonds, the euro fell again Friday, May 11, 2012 The euro slumped to its lowest range for three months before the Italian, Spanish and French bonds auctioned next week in anticipation of a crisis that looks even worse. Weekly drop them into the euro as the Greek political situation at a stalemate. Today entered into a five day discussion by leaders of political parties in Greece to discuss forming a new coalition government after general elections some time ago. The euro had weakened to 1.2905 per dollar, its lowest range since January 23, before finally improved slightly to 1.2917 per U.S. dollar. This week, the euro towards a decline of 1.3 percent. euro fell 0.3 percent against the yen to around 103.12 yen, to a decline of 1.3 percent since May 4. dollar fell 0.1 percent to 79.85 yen. Italy will sell bonds with a maturity 2015.2020 and 2022 on 14 May. Auction on May 17 followed by Spain and France on May 15. The auction will be the first auction for the French post-election Francois Hollande. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 11, 2012 Author Report Share Posted May 11, 2012 News and review European Economic Zone (Germany) Germany: Greece Problem, We're consistent! Friday, May 11, 2012 The EU will not change his views on Greek and committed resolve the crisis in the country. The Germans, as one of the motors of economic recovery to ensure there is no change in the crisis resolution program. Angela Merkel gave the Greek fate entirely in the hands of the government itself. The commitment is made ​​by Foreign Minister Guido Westerwelle some time ago. "We're still going to help Greece," Westerwelle said. He stressed the aid program will continue, Athena is also consistent with the requirements of economic reforms in accordance with the agreement. Westerwelle take the example of reform in the country is running smoothly and satisfactorily. Germany's economic indicators is stable thanks to the comprehensive economic reform so that the unemployment rate fell to a record low and the absorption of young workers continues to increase. "Thanks to all the citizens and government, which has wage reform," commentator Westerwelle. Germany tried to understand the problems faced by Athens in the recovery process. But it is a consequence of negative effects should be taken if Greece wanted to continue to join the euro-zone. "Their fate in the hands of his own government," Westerwelle closed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 11, 2012 Author Report Share Posted May 11, 2012 News and Review of European Economic Zone (Greece) Waiting Greek Lobbying Coalition Friday, May 11, 2012 Political Deadlock in Athens Greece to increase the odds of getting migrated from the euro-zone. Since the debt crisis took place in Europe, the percentage of Greeks out of the euro community is never at the moment. The results of the election showed the people are not pleased with the previous government's efficiency program budgets. Now the increasingly uncertain conditions as the reins of government are still empty seats. The three parties are considered pro-European policy, PASOK, Democratic Left and right wing democracy, continues to hold discussions to form a new government. Evangelos Venizelos, Fotis Kouvelis and Antonis Samaras meet again this Friday to reach new agreements. Samaras had previously tried to form his own coalition with Alexis Tsipras embrace of left-wing party Syriza. But the talks failed and Samaras both had to find another partner. If neither side is able to form a coalition government until May 17, Greece is required to hold a new election. Surveys show most people do still want the country to use the euro currency. But their objection if the government should follow the pre-bailout terms set by the European Union. Venizelos himself admitted that the people do not trust any party because no one is able to offer clear solutions. In short, no party with the same vision of an adequate quota of government formation. So each party should be able to embrace his rival in order to achieve that goal. Coalition between PASOK, the Democratic Left and Right Democracy is the most realistic at this time. If the deal happens in the next few hours, then the pro-European government re-awakened. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 14, 2012 Author Report Share Posted May 14, 2012 News and Review of European Economic Zone Hollande waiting attitude in Berlin Monday, May 14, 2012 The new French president's visit to Germany tomorrow (Tuesday 15/05) will be significantly greater. The meeting between Francois Hollande and Angela Merkel in Berlin will be the consolidation of the Franco-German forum first French post-election last May 6. Dynamics become so attractive because Hollande known as a anti-program budget cuts, which would have been spearheaded by the country itself. Pro-people attitude diutarakannya repeatedly during the campaign. But in front of Merkel, whether Hollande able to hold that commitment? Hollande is known as someone who strongly opposed the doctrine of fiscal Germany, who claims to have driven many countries into recession phase. His attitude in front of Angela Merkel's highly anticipated, especially with regard to the recovery agenda is important as the bailout of Greece. Without the support of France, Germany may lose respect in the eyes of other members of the euro-zone. Project fiscal tightening is also being threatened. So the role of Paris as the main proponent of Berlin is indispensable. Merkel certainly welcomed Hollande, this time not as a political figure but as the new president of France. The two heads of state actually still need each other. In addition to economic dependence, both France and Germany would want to maintain their position as the motor of the region. Hollande most likely will not be as hard as he campaigned to defeat Sarkozy. But should be listened to his strategy for dealing with Merkel and Merkel own attitude in the face of the new French leader. Certainty of the euro-zone economy is quite dependent on the conciliation Hollande-Merkel tomorrow Tuesday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 14, 2012 Author Report Share Posted May 14, 2012 News and Review of European Economic Zone The euro fell after the German Data Monday, 14 May 2012 14:21 Data German WPI (Wholesale Price Index) or commonly known as the wholesale price index released down from the previous month at 0.5% vs. 0.9% PVS, although data from the annual WPI rose 2.2% to 2.4% market decline in the price index rate will make the European currency back down. After losing his grip on 1.2900 at the weekend and found the resistance is in the middle of the Asian session, EUR / USD is now closed again close to the area and fell after the German data was released. EUR / USD now at around 1.2880/85 and will wait for the release of EMU industrial production data at 09:00 GMT. Mataf.net analyst showed resistance at 1.2905, 1.2955 and 1.2975. On the downside, support can be found at 1.2875, 1.2820 and 1.2765. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 14, 2012 Author Report Share Posted May 14, 2012 News and Review of European Economic Zone The euro tumbled to the lowest range Monday, May 14, 2012 The euro fell to its lowest range for more than three months against the dollar as the vacuum of a coalition government in Greece. It is increasingly convinced some people that the euro zone is still not capable of resolving the crisis. The euro declined for two consecutive days against the yen as the Greek president Karolos Papoulias who are discussing the formation of a coalition government. Dilaksanankan discussion on May 6 and no result. The dollar index has skyrocketed over the last eleven days menggawatnya as the European crisis. The euro fell 0.2 percent to 1.2886 per adolar menajdi U.S.. euro had dropped to around 1.2879 per dollar, its lowest range since January 23. Against the yen, the euro fell 0.1 percent to 103.28 yen. Last week, the euro fell 1.2 percent against the yen. The dollar rose 0.1 percent to 80.04. The euro weakened before a report expected to show the country's industrial production will fall to 0.4 percent of the range of 0.8 percent in February. from the previous year of production in Europe fell 1.4 percent. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 15, 2012 Author Report Share Posted May 15, 2012 News and Review of European Economic Zone German GDP Bring European Stock Rise Tuesday, May 15, 2012 European stock markets had gained in opening trade on Tuesday (15/05/2012). Market Data powered German economic growth of 0.5% in the first quarter of 2012. Stoxx 600 Index rose 0.3% to 248.35. Undeks DAX rose 0.6% to 6493.34, the CAC rose 0.7% to 3081.22. FTSE index was up 0.3% ke5.484, 84. European stock markets in the region has been weakened by the prospect of Greece's exit from the European Union. But was higher after the largest economy in Europe, Germany experienced positive growth. French GDP tends to flat from the previous quarter. Germany's first quarter exports pushed the economic revival of a slight decline of 0.2% in the fourth quarter of 2011. The first quarter growth of 0.2% above the market analysts' forecasts. Germany remains a major player to push the EU out of crisis .. Germans still endure unemployment lace. Conditions of export of manufactured goods such as cars and engines are still strong. Most of the pressures experienced by Asian stocks also began to decrease. Hang Seng Index rose 0.6%, the Nikkei fell 0.8%, Straits Times index rose 0.8%, the Shanghai index down 0.2%, Kospi index fell 0.7%, ASX down 0m7%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 15, 2012 Author Report Share Posted May 15, 2012 News and Review of European Economic Zone Moody's cuts ratings 26 Italian banks Tuesday, May 15, 2012 International rating agencies Moody's Investors Service downgraded the debt and deposit 26 banks in Italy from one to 4 ranking is done for the European economic situation is volatile. Italian bank ratings are included as one of the lowest in Europe, but some efforts European governments and central banks to rescue them help reduce pressure on other banks in Italy. Europe Johannes Wassenberg, Moody's director for Europe said that the current recession hit Italy so that the risk of credit risk into a number of reasons why the banking ratings lowered. If these conditions are not followed, the risk can be spread to other banks and disrupt the banking revenues. The banks are downgraded this is Italy's largest bank by assets such as UniCredit is downgraded by one rank, followed by Intesa. Previously Moody's also downgraded the debt of Italy and five other European countries including Spain. Fuel: Moody's cuts ratings 26 Italian banks because of the turbulent economic conditions. UniCredit down 1 point. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 15, 2012 Author Report Share Posted May 15, 2012 News and Review of European Economic Zone Euro Group leaders refuse to issue the consideration of Greek Tuesday, 15 May 2012 Some of the media and politicians in Europe have begun to openly hinted about the possibility for Greece to leave the euro zone debt crisis unresolved. Greece is estimated to have at least one ally in his corner. Meeting of eurozone finance ministers in Brussels continued on Tuesday, with the latest news on the Greek of the group chairman, Prime Minister of Luxembourg Jean-Claude Juncker, is that the issue of Greek euro zone is an unreasonable idea. "I do not imagine, not even for one second, go Greek," said Juncker after the first round of meetings on Monday night. "This is bullshit This is propaganda." Juncker added that no one in attendance on Monday night has raised this subject. However, in comments outside the meeting, other EU politicians have been told that the Greek refusal to leave the euro zone may have experienced softening. German Chancellor Angela Merkel said it would be "better" for Greece to live in the eurozone, which is different from the previous attitude where showing refusal of Greece to stay. Last week, finance minister Merkel, Wolfgang Sch? Uble, said that while the Germans would prefer to have a Greek living in the euro zone, they "can not force anyone" to remain in the Euro and that "Europe will not sink easily" when Greece finally chose to go. German media appear more daring, with DerSpiegel magazine article titled, "Acropolis, Greece Adieu Why must leave the euro zone now." Before serious decision can be made about the future of Greece, whether it's restructuring provisions of the EU-IMF loans that have kept Greece persist for months or drastic steps to kick the Greeks out of the Euro, Greece shall form a government after the parliamentary elections on May 6. Since May 6, the parties have elected to spend nine days without reaching an agreement a new post-election coalition government, which is expected to complicate the position of Greece in the euro zone, especially in the month of June. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted May 16, 2012 Author Report Share Posted May 16, 2012 News and Review of European Economic Zone (UK) BoE cuts growth outlook Wednesday, May 16, 2012 Bank of England (BoE) said on Wednesday that inflation in Britain is still quite high but the outlook for growth is now lower than previous estimates. Through the quarterly inflation report recently released shows that the UK economy slumped back into recession territory, with an annual inflation rate is unlikely to fall below target hard 2% by mid next year. In addition prospect of economic growth cut by the central bank due to higher levels of consumer spending is still quite slow. Moreover, the euro zone debt crisis remains a serious threat to economic recovery. England monetary policy committee still saw the need for additional stimulus, if growth is disappointing and potentially inflation fell below 2% within 2 years. Quote Link to comment Share on other sites More sharing options...
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