News and Reviews European Economic Zone

[mynameisandhy]

News and Review of European Economic Zone (France)

 

France May Have Experienced A Recession

Friday, 09 November 2012

 

The French economy could experience a recession at the end of the year, according to a survey released by the Bank of France. The French Central Bank survey showed GDP would contract 0.1 percent in the fourth quarter of 2012. Last month, the central bank also predicted the French economy will contract 0.3% for the third quarter of 2012. If the performance of the economy contracting for two consecutive quarters, then France has officially experiencing a recession.

 

France has so far could still avoid a recession, unlike some other euro-zone members. However, the threat of recession quite real especially with economic performance does not record of growth since the third quarter of 2011. Economic activity can also weaken as Government austerity policies run by Hollande hit its target ratio of budget deficits.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

United Kingdom Trade Deficits Are Reduced

Friday, 09 November 2012

 

United Kingdom trade deficit declined in September and this can give a cue the continued momentum of economic recovery. Trade deficit reached £ 8.4 billion; better prediction of £ 9.1 billion and £ 10 billion August publications. Although exports to the European Union simply sign the growth of 2.4 percent but exports to non-EU sign increase 13.3%.

 

United Kingdom economy has come out of the abyss of recession in the third quarter of 2012, however, the weakness of some of the economic indicators have made analysts worry will be the continued momentum of recovery. The Data can also provide a reason for the coalition Government of David Cameron that increase trade relations with non-EU countries in order to protect the economy of the United Kingdom berlarutnya debt crisis zone-euro.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Commons passed Bill Budget Greece, 2013

Monday, November 12, 2012

 

After maintaining for the determination of the budget, the Government of Greece, 2013 has passed a budget proposal, where one of them touches on controversial issues such as pension funds, salaries and allowances. Market reaction has been quite subdued, with the Euro moving up thin.

 

The current concern is the magnitude of opportunity for Greece in the face the scenario of the fall this week, some among the owners of newspapers made it into the main topic.

 

Greece has to find a way to get the funds by 5 Euros in order to avoid bankruptcy related bonds start maturing, with the Troika and the European countries acting as lenders, including Germany which is still blocked on the solutions that should be given to dampen Greece debt turmoil and with the authorities who disagree in providing follow-up assistance fund for Greece worth more than 31.5 billion euros.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

France Still Maintain Growth Estimation

Monday, November 12, 2012

 

The French economy Minister, Pierre Moscovici, still maintaining the economic growth target of 0.8% for 2013 although the majority of economists and European Commission estimate that slowdown of growth. "Our economic growth estimation of stacking is not too optimistic. This is still realistic, "Moscovici said when interviewed by Le Nouvel Observateur.

 

In the meantime, Standard Bank skeptical with the performance of the euro while targeting a fall of EUR/USD to $ 1.15. "Financing almost ECB Policy is the Government chăm for the optimistic is the euro especially to berlarutnya debt problems," Steve Barrow, strategic Standard Bank. "On the other hand, the euro-zone economy was weakened and this will worsen the debt crisis. The Euro is on its way to fall. " EUR/USD is now traded away from the high level, 1.2709 daily 1.2739

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

The Bank of Italy Worry Political uncertainty

Monday, November 12, 2012

 

Non-political uncertainty in Italy is the risk of borrowing costs bond No. 3 largest economies in the euro-zone, according to the Bank of Italy. Italy is preparing to face an election next year after Prime Minister Mario Monti led the Government of technocrats in order to run a fairly drastic austerity policies in the last year.

 

Italy's Central Bank recommends that the Government continue the implementation of the austerity policies in order to realize the budget surplus from 2014 to 2020 in order to ensure a reduction in the ratio of government debt. Berlarutnya anxiety over the euro has triggered a flow of capital out of € 200 billion or 13.4% of GDP in the last year. Ownership of foreign investors over the Italy Government bonds also fell quite sharply and is now only by 28%. However, households in Italy has now become the holders of government bonds that are quite large and will likely increase purchases in the future.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greece Bailout Tabled By The European Union

Tuesday, November 13, 2012

 

Governments in the euro zone will not agree to providing more funding to tackle Greece's debt on Monday, although Greece has approved a tight budget 2013, because there is currently no consensus on how the continuation of the debt until the next decade. The Finance Ministers who met in Brussels, should give Athens two more years to make the cut in budget deficit demanded by them, these concessions need funding of about 32 billion euros, according to the rencangan document prepared for the meeting.

 

But officials say those funds could not be kucurkan since the Finance Minister is waiting for the European Commission, IMF and European Central Bank, known as the Troika, giving Greece a continuation of debt analysis. As a result, the Secretary of the Treasury may have to talk again at the end of this week, either face-to-face or teleconference. "There is no definitive decisions today, but I think generally, we want the next disbursement will be made with the most effective way possible," said Jean-Claude Juncker, the Chairman of eurozone finance ministers.

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greece Bond Auctions Is Disappointing

Tuesday, November 13, 2012

 

Greece is only funded 4.027 billion euros when auctioning debts letter this afternoon. The numbers are pretty disappointing because Greece hopes to use the funds the proceeds of such bonds to pay debts worth € 5 billion are due on November 16. The Euro is still in negative territory, slumped after the data was released. EUR/USD is currently trading near the low level 1.2683, 1.2660 daily

 

While Greece successfully sold the loan papers with lower borrowing costs, but the amount is not enough to pay for the bonds will be due on Friday. Yield of government bonds raised 3 months reached 4.2%; better than the previous auction of 4,24%. Investor interest is also quite low if judging from the ratio of the bid-to-cover which only amounted to 1.66; lower than the previous auction 1.90. Greece may have to sell bonds back in the next two days to avoid default.

[mynameisandhy]

News and Review of European Economic Zone (France)

 

France Still Maintain Growth Estimation

Tuesday, November 13, 2012

 

The French economy Minister, Pierre Moscovici, still maintaining the economic growth target of 0.8% for 2013 although the majority of economists and European Commission estimate that slowdown of growth. "Our economic growth estimation of stacking is not too optimistic. This is still realistic, "Moscovici said when interviewed by Le Nouvel Observateur.

 

In the meantime, Standard Bank skeptical with the performance of the euro while targeting a fall of EUR/USD to $ 1.15. "Financing almost ECB Policy is the Government chăm for the optimistic is the euro especially to berlarutnya debt problems," Steve Barrow, strategic Standard Bank. "On the other hand, the euro-zone economy was weakened and this will worsen the debt crisis. The Euro is on its way to fall. " EUR/USD is now traded away from the high level, 1.2709 daily 1.2739

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Unemployed Benefits Claims Rose United Kingdom Outside Estimates

Wednesday, November 14, 2012

 

The unemployment rate fell in the United Kingdom managed to last three months until September, but more up-to-date measuring unemployment showed claims rising unemployed allowance outside estimates, indicate a strengthening of the sector's workforce is potentially United Kingdom to subside.

 

United Kingdom National Institute of statistics reported the unemployment rate fell to 7.8 percent from 8.0 percent, below analyst estimates of 7.9%. But claims for benefits unemployed rose by 10,100 in October, to 1.58 million, the largest increase since a September 2011.

 

This means the numbers unemployed allowance claims has increased within 2 months in a row so there is still the risk of a decrease in the labour sector in the future, United Kingdom.

[mynameisandhy]

News and Review of European Economic Zone (Portugal)

 

Portugal Still Slumped in the abyss of Recession

Wednesday, November 14, 2012

 

Portugal worse into the abyss of a recession, as the Government continues to run the austerity policies and export slowed performance. Portugal's annual GDP contracting 3.4% for the third quarter of 2012; worse than the publication of the second quarter to contract 3.2%. The performance of the economy will deteriorate still seem to especially with the unemployment rate being increased from 15% to 15.8% for the third quarter.

 

This Data is also worse than the Government's estimation that the economic contraction estimate Portugal just a 3% for this year. Enough investors pay close attention to the condition of Portugal since the country was still under the supervision of the European Union and the IMF. Portugal still had to run the austerity policies as a prerequisite the bailout € 78 billion.

 

Meanwhile, the euro looks to start trouble maintaining reinforcement session in London. EUR/USD is traded now 1.2741, try to steer clear of high level daily 1.2756

[mynameisandhy]

News and Review of European Economic Zone (France)

 

France Is Optimistic It Can Achieve Its Target Budget Deficit

Wednesday, November 14, 2012

 

The French Government is still optimistic it can reach a target budget deficit of 4.5% of GDP for the year 2012 as a result of the reduced cost of funding bonds. The French Government bond performance was pretty good since July after ECB trim the bunga-bunga of his deposits. The cost of borrowing short-term bonds raised even had been in negative territory due to the magnitude of the demand.

 

French Government bonds Yield raised 10 years now only $ 2,08%; lower levels of 3.36% recorded in January. Premium French Government bonds against Germany Government bonds also decreased from 163 bps at the beginning of the year to be 72 bps. However, the Government does not yet know the impact will be from the injection of capital to Dexia of € 2,59 billion. The Government is still awaiting a decision by the European authority would it be classed as a deficit or debt only. If classified as a deficit then the budget deficit could rise by as much as 0.1% to 4.6% of GDP.

 

Meanwhile, the euro strengthened on the London session. EUR/USD is now traded away from the low level 1.2746, 1.2699 daily

[mynameisandhy]

News and Review of European Economic Zone (France)

 

The Rate Of GDP France Rise Surpasses Estimates

Thursday, November 15, 2012

 

The French economy grew out of allegations by the third quarter of this year after an increase in the level of consumer spending and the increase rate of exports.

 

Gross domestic product in the euro zone's second largest economy is reported to be up 0.2% in the third quarter from the previous quarter, the Insee statistics agency said. GDP in the third quarter grew by 0.2% from the same period last year exceeded the forecasts of economists surveyed by Dow Jones Newswires is only flat at zero percent.

 

The level of consumer spending rebounds 0.3% on a quarter-after falling 0.2% in the second quarter. Export growth increased to 0.5% in the third quarter from 0.3% in the previous quarter due to the shrinkage rate of imports in the third quarter.

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italy Still Slumped In The Abyss Of Recession

Thursday, November 15, 2012

 

Although the rate of economic contraction Italy reduced the latest GDP data, however, maintains the largest economy is no. 3 in the euro-zone is still sinking in the abyss of recession. Italy'S GDP contracting 0.2% for the quarter three; better than the 0.4% contraction forecast and the publication of the second quarter that show contraction of 0.7%. Italy industry sectors begin to sign expansion; However, the agricultural sector and banking activities continued to shrink in the third quarter.

 

Incessant austerity policies that run the Government makes Italy's economy less passionate. High inflation also managed to dampen the pace of domestic consumption. However, economic reform policies carried out seems to be starting to get the attention of the corporate world.

[mynameisandhy]

News and Review of European Economic Zone

 

The Euro-Zone Is Now Experiencing A Recession

Thursday, November 15, 2012

 

Although the rate of economic contraction was reduced but the latest GDP data say that the euro-zone is now natural official recession. Euro-zone GDP contracting 0.1% for the third quarter of 2012; better than the predictions of a contraction of 0.2% and the publication of the second quarter that sign contraction of 0.2%. A country is said to have experienced a recession if the economy suffered contraction for two consecutive quarters. The Euro looks reluctant to continue rally after the data was released. EUR/USD is traded now 1.2757, trying to steer clear of high level daily 1.2772

 

The rise in the unemployment rate, high inflation, and the incessant implementation of austerity policies it seems successfully undermined the economy of the euro-zone activity. Although Germany and France, the two largest economies in the euro-zone, it is still a positive sign of growth. But three other major economic activity-Italy, Spain, and the Netherlands--are still weak. The euro-zone is not recorded growth since the third quarter of 2011. With the decline in industrial production and weak business survey results across the euro-zone economy and the euro-zone will still seem to be at the brink of recession for the fourth quarter of 2012.

[mynameisandhy]

News and Review of European Economic Zone

 

The IMF Want Greece's Economic Sustainable

Friday, November 16, 2012

 

Eurogroup meeting next week must find a way to make the economy sustainable Greece, according to the IMF Director Christine Lagarde. Chaotic between euro-zone finance ministers and the IMF have made Greece should be willing to wait to get the next bailout funds disbursement. When asked about potential Greece bailout funds disbursement at next week's Eurogroup meeting, Lagarde intimated that the discussion of such matters still ongoing.

 

"We should be able to ensure that Greece's economy can be sustained. Greece can recover from the recession and can return to access international financial markets, "said Lagarde. Earlier, Lagarde ketidak-setujuan point out the Eurogroup over plans to give Greece extra time until 2022 to lower the target debt ratio be 120% of GDP. Lagarde remained eager to make the target could be achieved as planned at 2020.

 

Meanwhile, the euro weakened on the London session. EUR/USD is traded now 1.2738, away from high level daily 1.2784

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italy's Industrial Orders Down

Monday, November 19, 2012

 

Italy's industrial orders fell sharply as activity slowed the global economy. Monthly industry orders fell 4% in the month of September which foreign orders shrank 4 percent and domestic orders decreased 1.4%. Annual industrial orders shrank 12.8% and this is a great loss for 13 years respectively. This can be a sign of the weakness of economic activity will be the largest still no. 3 in the euro-zone and may be sinyalkan Italy will still be sinking in the abyss of recession for longer periods.

 

Meanwhile, the euro looks trouble continuing the momentum of the rally on the London session. EUR/USD is traded now 1.2771, try trying to steer clear of high level daily 1.2787

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

There's Still Room For BoE Stimulus

Monday, November 19, 2012

 

Central Bank of the United Kingdom can still act to stimulate economic activity and have room to add monetary stimulus, according to BoE's Miles. "If economic growth in the United Kingdom remains weak and inflation remains near the target then the BoE could still take action," said a member of the Monetary Council of the Bank of England David Miles told Sky News. "There's still room for Quantitative Easing."

 

Miles is one of the proponents of the policy of QE. The BoE Minutes released Wednesday may give clues to whether the BoE decision, Miles remained the preserve of monetary policy or calling for the need for additional stimulus. Miles to see a positive impact from the BoE's monetary easing. "Economic activity will increase. However, economy takes time to record the rate of sustained economic growth. "

 

Meanwhile, sterling was seen the difficulty of continuing the momentum of the rally on the London session. GBP/USD is traded now 1.5908, try high level away from 1.5923 daily

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Greece Sign A Surplus Trade Balance

Monday, November 19, 2012

 

Greece recorded a surplus balance of trade for three consecutive months due to import anjloknya as the low purchasing power of the public berlarutnya in the middle of a recession. The Trade Surplus reached € 774 million for the month of September after recording a surplus of € 1.6 million in August and € 42 million in July. Improving trade balance is more due to the decrease in the import of more than 30% to € 1.67 billion.

 

This is certainly good news for Greece's economy is entering its fifth year of recession. The majority of economists believe Greece can record current account surplus in the coming two to three years. If the current account surplus can be achieved then this surely will reduce the need for foreign funding going to Greece.

 

Meanwhile, the euro strengthened in the New York session. EUR/USD is traded now 1.2770, away from the daily low level 1.2739

[mynameisandhy]

News and Review of European Economic Zone (France)

 

The French Economy Remains Credible

Tuesday, November 20, 2012

 

Paris reiterates French economy remain credible after Moody's cut its credit ratings of France due to the uncertainty of the fiscal and economic outlook. The Moody's decision to cut its rating from AAA to AA1 French can complicate the President's efforts to fix Hollande financial condition of the country and the largest economy recover from No. 2 in the euro-zone.

 

"Change credit ratings will not affect the foundation of French economic fundamentals and Government's efforts to improve its financial condition," said Finance Minister Pierre Moscovici, who say it will provide motivation to continue reform policies. Moscovici reiterate the Government is still committed to reaching the target of trimming the deficit from 4.5 percent of GDP this year to 3% of the GDP in the next year.

 

Meanwhile, the euro lower pelemah in the London session. EUR/USD is now traded away from the low level 1.2803 daily, 1.27641

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

Bond Auctions Spain Moderately Successful

Tuesday, November 20, 2012

 

Spain managed to get funds € 4,94 billion when it sells bonds the Government today. The bond auction is successful if seen from the amount of funding that exceeds the target of € 4.5 billion. The cost of lending also fell to 12-month Treasury bonds raised from 2,797 2,823% to%. Investors seemed fairly confident Madrid can fix the condition of fiskalnya although Prime Minister Mariano Rajoy each reluctant to ask for additional help from the EU in order to enable the program to purchase bonds the ECB.

 

Meanwhile, the euro lower attenuation at the London session. EUR/USD is traded now 1.2815, away from the daily low level 1.2764

[mynameisandhy]

News and Review of European Economic Zone

 

Merkel Is Trying To Restore Euro

Wednesday, November 21, 2012

 

Euro lower attenuation after the Chancellor of Germany, Angela Merkel, point out the possibility of Greece will get the next disbursement of bailout at a meeting of Eurogroup 26 November. Eurogroup meeting yesterday failed to reach agreement to disburse the bailout funds for Greece, but the Eurogroup is scheduled to meet on Monday to discuss Greece again. EUR/USD is now traded away from the low level of 1.2800, 1.2736 daily

 

"I believe the opportunity exists to find the best solution for Greece at a meeting Monday," said Merkel told Germany's Parliament. Reuters previously reported that Merkel point out the possibility of lowering interest rates on loans and increase the role of the EFSF in order to cover Greece's funding. "Merkel said the EFSF guarantee can be offered up by € 10 billion and Germany will also play a role in this," said Reuters resource that was reluctant to publish his name.

[mynameisandhy]

News and Review of European Economic Zone

 

Greece Bailout Is Not Agreed Upon, The Market Corrected

Wednesday, November 21, 2012

 

The Finance Ministers of the European zone countries failed to reach an agreement on the bailout for Greece. They are scheduled to return to the meeting on Monday (26/11) to discuss this issue again.

 

EUR/USD directly weakened after comments from Finance Minister of Luxembourg, which stated that no decision can be taken over the bailout of Greece. They will return to do a follow-up talks next Monday, according to a senior dealer at the bank of Japan. EUR/USD at 1.2777 from previous high levels at 1.2823. EUR had strengthened sharply after the EUR/JPY hits key resistance level at 105.00 amid market expectation for the results of a meeting of Finance Ministers of the European zone, he added.

[mynameisandhy]

News and Review of European Economic Zone

 

The French Minister Was Confident Greece Deal Will Be Achieved

Wednesday, November 21, 2012

 

The Finance Ministers of the European zone countries failed to reach an agreement on the bailout for Greece. They are scheduled to return to the meeting on Monday (26/11) to discuss this issue again.

 

EUR/USD directly weakened after comments from Finance Minister of Luxembourg, which stated that no decision can be taken over the bailout of Greece. They will return to do a follow-up talks next Monday, according to a senior dealer at the bank of Japan. EUR/USD at 1.2777 from previous high levels at 1.2823. EUR had strengthened sharply after the EUR/JPY hits key resistance level at 105.00 amid market expectation for the results of a meeting of Finance Ministers of the European zone, he added. European Finance Ministers have yet to agree on a bailout of Greece, the French Finance Minister Pierre Moscovici said on Wednesday that he was voicing his belief that the deal will be concluded on Monday.

 

The Greece international lenders failed for the second week running time to agree on how to reduce debt to sustainable levels at a meeting in Brussels Marathon which took place on Wednesday. Eu Finance Ministers agreed to hold a meeting again on Monday.

 

"We're close to reach an agreement," said Moscovici told Europe1 radio. " We are currently far from agreement, but I am very confident that an agreement will be reached on Monday. "

 

"There are only a few technical problems that must be resolved," he said.

 

The Finance Ministers of the European Union have emphasized on Greece to have a time limit in reducing debt to sustainable levels that had been delayed for two years until 2022, but the IMF refused those steps.

[mynameisandhy]

News and Review of European Economic Zone

 

EU's Rehn was optimistic With Greece

Thursday, November 22, 2012

 

Greece has been running all the necessary policies to secure the disbursement of bailout funds and the Finance Ministers of euro-zone should be able to give approval at a meeting Monday, according to Commissioner Olli Rehn. "I am optimistic the meeting in Brussels on Monday to come will be able to deliver results," said Rehn, the European Commissioner for economics. "I see no reason why the Eurogroup cannot give consent."

 

Euro-zone finance ministers have done the meeting twice in the last two weeks but have yet to find the best solution for lowering Greece debt ratio and the become a barrier for the disbursement of the next bailout. When asked whether the Prime Minister of Greece Antonis Samaras anxiously berlarutnya the process of disbursement of bailout, Samaras says: "every day of delay means it will overload the community psychology and economics, Greece. I will not let the sacrifice of Greece that have run during this community be wasted. "

 

Meanwhile, the euro strengthened in the New York session. EUR/USD is now traded away from the low level 1.2884, 1.2822 daily

[mynameisandhy]

News and Review of European Economic Zone

 

Germany's Parliament Will Hold A Vote On Greece Aid

Thursday, November 22, 2012

 

Germany's Parliament is expected to hold a vote to approve further assistance for Greece on Friday on November 30, reported by Dow Jones that quotes from a resource person who knows the problem. The Parliament must approve a range of help for Greece because Germany is part of the deal.

 

Meanwhile, disagreements among the leaders still continues. Germany Finance Minister Schaeuble was opposed to budget cuts on public sector debt of Greece, because it means that Greece will not receive more funding, while Asmussen from ECB defied a it and said that any cuts in the public sector at as merah has stated that it has to on.