News and Reviews European Economic Zone

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News and Review of European Economic Zone (Spain)

 

Spain Ask For Guarantees Of The ECB For The Bailout

Wednesday, 5 December 2012

 

Spain Government is ready to initiate the request for additional bailout if the ECB may warranties that intervention be cost loans bonds significantly, according Dow Jones. "Madrid wants premium bonds with Germany Spain raised 10 years can reach 200 bps," said Spain's Government officials interviewed Dpw Jones.

 

Nevertheless, Spain have not been able to get a guarantee from the ECB accordingly. "It makes the Government feel free and still do considerations will policies later. If the ECB now warranties bonds premiums remains in the 200 bps it Spain is request bailout tomorrow "Government officials Spain reluctantly publication.

 

Meanwhile, the euro weakened in the New York session. EUR/USD is now trading at high level, away from 1.3071 daily 1.3126.

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News and Review of European Economic Zone (Italy)

 

Contraction Of The Service Sector Worsened In Italy

Wednesday, 5 December 2012

 

Incessant implementation of austerity policies taken by the Government seems to worsen the condition of Monti service sector managed to Italy. This can be seen from the contraction of the service sector of Italy which worsened in November. The service sector index dropped to as low as 44.6; lower than forecast and the publication October 28.6. A number below 50 indicates that the service sector was still experiencing contraction.

 

Prime Minister Mario Monti continued to implement austerity policies and reforms despite the economy of Italy still slumped in the abyss of recession. This was done in order to prevent Monti Italy experienced the fate like Greece, Ireland, Portugal, and Spain. High inflation also limit the purchasing power of the public so as to prevent companies to do the expansion. On the other hand, berlarutnya European debt problems are increasingly undermining sentiment of the corporate world.

 

Meanwhile, the euro looks to gain momentum continuing difficulties at the London session. EUR/USD is traded now 1.3112, trying to steer clear of high level daily 1.3126

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News and Review of European Economic Zone (Spain)

 

Spain Services Sector Conditions Improved

Wednesday, 5 December 2012

 

Although still contracting, the conditions Spain services sector began to improve as the economy's biggest concern at mollification No.4 in the euro-zone. Spain services sector index rose to 42.4 level for November; higher than the previous publication of 41.2. Numbers below 50 indicate the sector is still experiencing contraction. The Euro maintaining reinforcement after the data was released. EUR/USD is now trading at high levels, close to 1.3117 daily 1.3126.

 

Spain has secured a bailout fund disbursements to its banking sector. Madrid also indicate it will require additional financial assistance in future so as to enable the program to purchase bonds the ECB. It has managed to lower the cost of government bonds loans Spain so it could provide positive sentiment for the corporate world.

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News and Review of European Economic Zone

 

Approximate Trim Estimated The ECB, Not Interest Rate

Thursday, 6 January 2011

 

The European Central Bank will likely hold interest rates on Thursday but will probably give you instructions over his policy to next year by estimating the economic outlook is worse for the eurozone in 2013. Since announced plans to purchase bonds in September, the ECB has refrain to further took to the program. The waiting appears to be continued along with the rejection of Spain to ask for a bailout, provided for the ECB for on obligations. However, the markets will probably focus on the ECB economic forecasts have as the monetary policy. ECB are would trim outlook growth for and the along crisis economy injure eurozone, Germany.

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News and Review of European Economic Zone

 

ECB's Interest rates still 0,75%

Thursday, 6 January 2011

 

Back interest sustain ECB level low 0,75%; According to predictions and unchanged from the meeting in November. Investors are now looking forward to the konverensi press ECB's Draghi at 20.30 BST to find more instructions will be monetary policy outlook, the European Central bank. The Euro has not changed much after the data was released. EUR/USD is traded now 1.3066, near the opening level daily 1.3065.

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News and Review of European Economic Zone (Spain)

 

Spain Bank Fundraising to Help the banking sector

Thursday, 6 January 2011

 

The high liquidity needs to be injected into the banking system to make some banks raising funds from the initiative of private creditors.

 

Notable Media Spain el Pais in his announcement indicated that Banco Santander SA (STD), Caixabank SA (CABK.MC), Banco Popular Espanol SA (POP.MC) and Banco Sabadell SA (SAB.MC) will inject funds to 1.7 billion euros, or about $ 2.2 billion to help the flow of liquidity to troubled banks. The amount is equivalent to 70% of the total need for revitalizing the banks weighed down by toxic assets. As for the source of the funds that will be raised from the private sector.

 

According to a publicly searchable sources p by Santander, el Pais would be injecting funds of EUR650 million and Caixabank join ' Donate ' EUR550 million. While Popular and Sabadell each contribute about EUR290 million and EUR220 million. Some midsized bank like Kutxabank, Unicaja, Ibercaja, Bankinter (BKT.MC) will also do the same thing. Not to miss are the well-known insurance companies such as Mapfre SA (folder.MC), AXA Seguros Catalana Occidente, and Pelayo.

 

As for Deutsche Bank (DB) and Barclays (BCS) the possibility to take part in the program where those funds. On the other hand, the Government wants so that international property assets management company which the TRC, Cerberus and Pimco to participate in joint efforts in generating return business of troubled banks that are suspended.

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News and Review of European Economic Zone (UK)

 

United Kingdom Manufacturing Output Down More Than Expected

Friday, 7 January 2011

 

United Kingdom manufacturing sector production levels fell more than economists expected in October as the anjloknya production of food and alcohol, indicating a weakening in the economy in the fourth quarter. Factory Output was down 1.3% from September, the most in four months, according to the Office for National Statistics in London. Economists forecast a decline of 0.2%. The number of industrial output excluding the alleged dropped by 0.8%, the third consecutive decline, spurred by the mining sector, oil, and gas. Factories in the United Kingdom are under pressure as the European debt crisis hurt demand at the United Kingdom's largest export market and fiscal gencetan weaken the level of domestic sales.

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News and Review of European Economic Zone (UK)

 

United Kingdom Lyrics Pension Fund To Increase Revenue

Friday, 7 January 2011

 

United Kingdom consider deregulation of pension funds so as to provide additional government tax revenues by as much as £ 10 billion. Finance Minister George Osborne has called United Kingdom pension funds regulator to loosen regulations that force companies to use the funds in cash reserves to pay the salaries of thousands of retired workers.

 

The current regulations require companies to cover the shortage of funding as soon as possible after being identified, even if the need to use the company's funds. However, if the company is permitted to allocate repayments smaller annual payments to pension scheme then this will make companies have more cash that can be dipajaki by the Ministry of finance. "The regulations have made the Government lose tax revenues by as much as £ 37 billion up to now and the Government potentially lost tax revenue by as much as £ 10 billion in the next year," said Tracy Blackwell, a specialist insurance for company pensions.

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News and Review of European Economic Zone

 

Yield Of Bonds, Spain & Italy Uphill Again

Friday, 7 January 2011

 

Italy and Spain bonds Yield on 10-year tenor soared again, while the stock exchange plummeted sharply in Italy after political uncertainties arise in Italy.

 

The center right party of former Prime Minister of Italy, Silvio Berlusconi did the walkout amid Senate voting related government programs that need to be taken to support the economic growth. Although this action is assessed is a political action, but the market participants still viewed the presence of the power of the party Mr. Berlusconi in Italy which gives the uncertainty in the future so that Italy's banking stocks, such as UniCredit and Intesa Sanpaolo declined sharply due to a surge in the bond yield.

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News and Review of European Economic Zone (Italy)

 

Ex-PM Berlusconi's Italy is ready to go ahead in election

Monday, December 10, 2012

 

Ex-Prime Minister of Italy, Silvio Berlusconi expressed his intention to return to Office as the number one person in the Government. Flamboyant figure it gave the signal to move forward again in the election of the head of State to come on Saturday.

 

Berlusconi was forced to stepped down from the Chair of Prime Minister more than a year ago due to depressed by a debt crisis in Italy. Its decline Momentum at that time and marked the end of his dominance at the seat of the head of Government for the past 18 years. Mario Monti took over the relay baton from Berlusconi's hand with a major homework completed trimming the State budget. But the engineers had planned to step down from the Prime Minister's seat after he successfully completes the program the stabilization of the national budget. Monti insisted he had to fulfil the obligations as a successor to Berlusconi's task by creating a more budget planning.

 

"The Prime Minister is not planning to continue his mandate Monti and intend to step down," said a spokesman for the Prime Minister. If Monti withdraws before the new year, the Prime Minister's election could be held in February or sooner a few months from the provisions of the Act. In a message that is uploaded to the website and his Facebook page, Berlusconi said that "I am encouraged by the people to return to the battlefield to lead PDL party." He also says if the center-right coalition has been working to find a new figure but failed to find anyone who can replace him. "I return to politics with a sense of great responsibility," he said again. The figure of Berlusconi is known to be very controversial and fraught with scandal. In the aftermath of the resignation of November 2011, it says do not intend ran again in the election of the next Prime Minister. But various rumors about the return of the 76-year-man was to the political world may not necessarily be fading.

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News and Review of European Economic Zone

 

Eurozone Sentiment Continues To Improve

Monday, December 10, 2012

 

Sentiment in the euro zone continued to improve over the past four months in a row in December, driven by expectations of a rise to the highest level since May of 2011, as investors welcomed a promise from the European Central Bank and the politicians to keep the exchange rate of the euro. Sentix research group on Monday said the index of sentiment in the euro zone rose to-16.8 from-11.7 in November, though less than economists forecasts for a rise to-16.0.

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News and Review of European Economic Zone (Italy)

 

Italy's Industrial Production Is Still Weak

Monday, December 10, 2012

 

Italy's industrial production down for two consecutive months and this surely confirms the weakness of economic activity, the third largest in the euro-zone. Industrial production fell 1.1% for the month of October after recording a decline of 1.3% in September. The revised GDP Data released today also showed Italy's economy is still sinking in the abyss of recession. The GDP for the third quarter is still contracting 0.2%.

 

With economic indicators are still weak, it will be difficult to expect improving economic conditions in Italy soon. The Economic Outlook is also fairly gloomy over rising political risk after Prime Minister Mario Monti proposed wishes to resign. Meanwhile, the euro weakened on the London session. EUR/USD is traded now 1.2908, near the low level 1.2886 daily

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News and Review of European Economic Zone (Netherlands)

 

The Economic Outlook Is Gloomy Enough Netherlands

Tuesday, December 11, 2012

 

The Central Bank of Netherlands are worrying the country's economic outlook the Windmill and warn the economy's fifth largest euro-zone will not reach the target of trimming the deficit. "For the second time in the last four years, the Netherlands economy activity declined," wrote report De Nederlansche Bank. "Due to the worsening of economic activity the budget deficit will be higher than the estimate of the Government."

 

De Nederlansche Bank prediction Netherlands will experience a contraction of 0.6% for 2013; It's worse than estimated in June that predicted growth of 0.6% for next year. The Central Bank of Netherlands also warn the economic contraction will be more in this year and the unemployment rate could rise from 5.2% in 2012 to be 6.7% to 2014. De Nederlansche Bank are skeptical the Government can hit its target budget deficit of 3% of GDP and point out the deficit will reach 3.5% for 2013 and 2014 and amounted to 4.1% for 2012.

Edited December 11, 2012 by mynameisandhy
wrong date

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News and Review of European Economic Zone

 

Vodafone's CEO: Europe Is More Frightening Than The United

Tuesday, December 11, 2012

 

The hope of economic improvement in the region of Europe not only leveled by the financial and political actors of the area, among the businesses also have expressed similar sympathy.

 

One of the Corporation's executives are fretting over the future of the world economy is the CEO of Vodafone, Vittorio Colao. Told CNN he said that the United States issue a fiscal abyss is not the same dangerous crisis with Europe. The blue continent more potentially impacted is bad for business because many countries in it are experiencing stagnation or economic recession.

 

"I am even more concerned with Europe," said the leader of the world's largest telecommunications companies. Colao said European countries should continue to conduct reform while looking for new ideas to come out of the crisis quickly. In Europe, as many as 17 countries are experiencing economic contraction and Germany even as the Recovery Commander also risk exposed to the recession in the first quarter of next year. In recent months the issue to question Greece bailouts and the monetary policy of the central bank seized the attention of the market. But one condition worsened last week after the emergence of the speculation about the transition Government of Italy.

Edited December 11, 2012 by mynameisandhy

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News and Review of European Economic Zone (Greece)

 

Greece Extend The Buyback Offer To Achieve The Target

Tuesday, December 11, 2012

 

Greece has memperpajang its bid over the buyback hurang until Tuesday, seeking more interest from bond holders after failing to hit the target to eliminate bonds worth 30 billion euros just by 10 billion euros.

 

Buyback is designed to cover most of the 40 billion euro aid package for Athens were disepakatan last month by the European Union and the International Monetary Fund. The success of buyback program this time is very important to guarantee the debts of Greece returned to sturdy and endless flow of much-needed aid by Greece.

Edited December 11, 2012 by mynameisandhy

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News and Review of European Economic Zone (Greece)

 

Greece Managed To Fill The Target ' Buyback '

Wednesday, December 12, 2012

 

According to a source, Greece has managed to reach the target of buyback of bonds on Tuesday. Greece's Government managed to buy back about € 31.5 billion IOU that they publish it before, slightly higher than the target of € 30 billion.

 

The results achieved after Athens to extend the deadline from the previous schedule on 7 December. Although the details of that process has not been announced, Greece banks is estimated to have pulled off the entire Government bonds at their disposal to help meet the target of buyback. Until Friday, the Government reported recently managed to buy back about € 26.5 billion IOU.

 

Thus, the current European Union and the IMF have been able to unblock on the next phase of the bailout that badly needed Greece.

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News and Review of European Economic Zone (UK)

 

BoE's Dale worry about Inflation United Kingdom

Wednesday, December 12, 2012

 

Inflation does not seem to be down hit the target the central bank over the economy adapt to the decline in the standard of living as a result of the financial crisis, according to Dale BoE's. United Kingdom inflation has been above the target of 2% since December 2009 and even in October 2012 inflation surged to as low as 2.7%. BoE doesn't even anticipate inflation will fall below target until the second half of 2014.

 

"Stable inflation at high levels is the effect of the adjustment of the economy," said Chief Economist at BoE, Spencer Dale. "The adjustment Process is not yet completed and that means inflation will remain at a high level for a while. BoE's Dale also reiterate does not support the addition of monetary stimulus at a meeting of November although the Government did not ask for the payment of interest to the central bank.

 

Meanwhile, sterling strengthened in the New York session. GBP/USD is traded now 1.6145, away from the daily low level 1.6094

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News and Review of European Economic Zone

 

Euro-Zone Industrial Production Still Weak

Wednesday, December 12, 2012

 

Euro-zone industrial production down for two consecutive months; It certainly can be the signal will be the continued economic recession in the fourth quarter of 2012. Industrial production fell 1.4% for the month of October after recording a decrease of 2.3% in September. Weak industrial sector of activity seem to be worse than anticipated and this can worsen the performance of the economy. The business world quite depressed in the midst of incessant implementation of austerity policies by Governments across the euro-zone.

 

Weak industrial production data could encourage the ECB to monetary loosen. President of the ECB, Mario Draghi, the speak the monetary assess decrease the. If the ECB mau loosen further this assists performa in tengah rampant implementation savings policy an uncertainty outlook globalized

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News and Review of European Economic Zone

 

The Eu Budget Is Approved

Thursday, December 13, 2012

 

The European Parliament finally approves the EU budget for 2013 of € 133 billion. It certainly can reduce the uncertainty of the funding going to the European Union after negotiations for the 2014-2020 budget ended in failure. "We have to avoid a budget crisis," said Goran Farm, a member of the European Parliament of Sweden.

 

The European Union's payment for next year will be limited to € 132,84 billion; This increased 2.9% from fiscal year 2012. Parliament also approved the disbursement of € 6 billion for this year which will be used to cover the shortage of funding for the program of research, education, and labor.

 

In the meantime, the euro has not changed much in the London session. EUR/USD is traded now 1.3070, near the opening level daily 1.3073

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News and Review of European Economic Zone

 

ECB Became Europe's Banking Watch

Thursday, December 13, 2012

 

European party reached an agreement on Thursday to give the European Central Bank's new authority to supervise the banking sector the euro zone starting from 2014, launched the first step in the integration phase, more closely to help support the euro. After discussions for more than 14 hours and following months of negotiations, the Finance Ministers of the 27 EU countries agreed to give the ECB kewenagnan to 150 at the bank in the zona euro and intervenes bank if assessed. "This is a great first step for the unity of banking," said Michel Barnier, the EU Commissioner. "ECB are role, no ambiguous on it."

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News and Review of European Economic Zone (Italy)

 

The Cost Of Lending Italy Decreased At An Auction Of Bonds

Thursday, December 13, 2012

 

Italy managed to sell government bonds at an auction Thursday of $ 5.50 billion, approaching the desired targets with lower borrowing costs followed a fairly solid demand indicate anxiety early elections in Italy are already subsiding.

 

These results also indicate that Italy has no problem to find the demand at an auction of bonds, although there is still uncertainty on domestic politics after the previous PRIME MINISTER of Italy Mario Monti stated that he would resign when Parliament approved Italy's budget plan.

 

New elections would likely be held in early February and political uncertainty is still potentially dominate the mood of the market participants bonds throughout 2013. The last bond auction Italy will be held on December 28.

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News and Review of European Economic Zone

 

Proposal for a European SUMMIT at the end of 2012 is rejected Germany

Friday, December 14, 2012

 

European policy stakeholders reach an agreement on Friday to take a step further in dealing with the debt crisis, however, the Chancellor of Germany, Angela Merkel refused the latest proposal containing the funding with risk-sharing schemes to help a troubled member States.

 

A Proposal backed by France and other countries were presented at the European Union SUMMIT meeting the day of the second and the last meeting in 2012, is considered to be skeptical by Germany. However there are still positive results from a European SUMMIT at the end of the year which is a significant breakthrough for the formation of the banking union to agree on a single eurozone banking supervision for submission to the ECB.

 

The European Commission for economic and Monetary Affairs, Olli Rehn commented that predicted the destruction of the Euro as well as the appearance of the Greece scenario will prove to be a great one.

 

However the stumbling block of the eurozone in 2013 is still very much, because the next stage of the banking union appears to still require lengthy negotiation. In addition to the various countries of southern Europe are still threatened by recession with unemployment at a record high level and the higher the level of poverty. In addition it is still there is problem elections Italy & Spain bailout plus Germany elections upcoming in September that will bring uncertainties in Europe, including the risk of sustained in Greece, Ireland and Portugal.

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News and Review of European Economic Zone

 

Euro Zone Employment Rate Decreases, The Pressure Of Inflation Subsiding

Friday, December 14, 2012

 

The reluctance of the European Community for the travel and eating out slowed the rise in the cost of living in the euro zone in November, and weakening the ability of the economy to create jobs and out of opportunities for consumers to help economic recovery. The annual inflation rate in the euro zone is at 1.4% in November, according to the Eu statistics office Eurostat on Friday, confirming a previous estimate.

 

Employment rates in the euro zone fell 0.1% in the third quarter from the second quarter, according to Eurostat in separate reports, showing the memburuhkan employment rates in Europe since the summer, and highlights the impact of the debt crisis. The level of household spending also depressed by trimming the Government budget and the unemployment rate is at a record high, which is limited only on food and clothing in November and consumer price inflation dropped 0.2% from October, with the level of use of transport, recreation, cultural and restaurant down.

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News and Review of European Economic Zone

 

The Eurozone Recession May Be Deeper In The Fourth Quarter

Friday, December 14, 2012

 

The recession in the eurozone will be deeper in the fourth quarter after the private sector contracting for 11 consecutive months in December, according to the PMI index Friday. Markit PMI index from rising to high level 9 months at 47.3 this month, breaking an estimated increase to 29.1. "The GDP Data official pressuring PMI so that according to the allegations of US Government data will show the recession in the euro zone is getting in on the fourth quarter," said Chris Williamson, Chief Economist at Markit. "The Data are consistent with GDP of about-0.5 percent."in October, with the level of use of transport, recreation, cultural and restaurant down.

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News and Review of European Economic Zone

 

Bundesbank Pessimism Weighing Down The Euro

Monday, December 17, 2012

 

Euro notes attenuation thin in London sessions, weighed down by the Bundesbank pessimistic comments on the economy Germany. "Germany's economy will experience a contraction for the fourth quarter and the economic recovery is still weak in early 2013," writes the monthly Bundesbank report. "Economic indicators showed a decrease in the activity of the economy at the end of the year due to weak industrial sector. Outlook the company Germany quite encroached on by the global economic slowdown and the decline in demand from the euro-zone. " EUR/USD is traded now 1.3152, try away from high level daily 1.3187.

 

However, the Bundesbank also point out this phase of the downturn will last a short time over start stable expectations of the business world. "Although the economy is not going to record growth in the first quarter of 2013; yet further decline is inevitable along its normal starting situation, "wrote Germany's Central Bank monthly report.