mynameisandhy Posted December 20, 2013 Author Report Share Posted December 20, 2013 News and Review of European Economic Zone ECB Weidmann : Bringing Low Interest Rate Risk Friday, December 20, 2013 One member of the Board of Governors of the European Central Bank , Jens Weidmann , has warned about the risks inherent in a low interest rate , based on the results of the German Wirtschaftswoche magazine interview released on Friday . "There is a risk that the state and the private sector who are familiar with cheap loans will ignore structural reforms , as well as helping banks and companies without a viable business model to survive , " said Weidmann , who also served as President of the Bundesbank . " Low interest rates might incur as a side effect of loose monetary policy is maintained longer . While to completely eliminate the cause of the euro crisis , it would still take many years . " ECB always ready to act further if needed , but traditional instruments will be less effective when interest rates are at the zero bound , he added . Weidmann also highlights the risk of deflation is judged is still very limited . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 20, 2013 Author Report Share Posted December 20, 2013 News and Review of European Economic Zone (UK) Declining exports , the UK 's balance of payments deficit swells Friday, December 20, 2013 UK economy managed to record strong growth in the 3rd quarter , amid worsening balance of payments , according to data released Friday. A condition that triggers new questions about the durability of the economic recovery of the UK . Report of the Office for National Statistics ( ONS ) has confirmed the UK economy expanded 0.8 % in the 3rd quarter of this year . The expansion is driven by increased output in the manufacturing , service and construction industries . 8 consecutive quarterly rise in household consumption , which is triggered by minimal revenue growth and lower savings , is also contributing to economic growth throughout the period from July to September . But other data released at the same time it highlights the difficulty of government in balancing the UK economy , which is expected to be more dependent on trade and investment . UK balance of payments deficit touched its highest level since 1989 with ballooned to £ 20.7 billion ( $ 33.89 billion ) in the 3rd quarter , equivalent to 5.1 % of GDP as a whole . Very much when compared with the deficit of £ 6.2 billion is inscribed in the previous quarter . These results triggered by a drop in exports and a decline in corporate profits in the United Kingdom overseas , reflecting the global economic downturn . Public finance data released Friday also showed the UK budget deficit widened in November from a year earlier . The Bank of England has previously warned that the rebalancing is necessary to prove the UK's economic recovery has been sustained . While the ratings agency Standard & Poor's on Friday has maintained a long-term credit rating of 'AAA ' to the UK outlook remains negative , which refers to the risk of overshadowing the sustainability of growth Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 23, 2013 Author Report Share Posted December 23, 2013 News and Review of European Economic Zone (Germany) Performance Indicate Increase in Consumption Sector Germany Monday, December 23, 2013 The movement of the Euro in currency trading today ( December 23 ) showed a positive sentiment towards the currency, and the Euro looks bullish fit to be reviewed in two months on the pair EUR / USD . Analyst Research Vibiz of Vibiz Consulting suggests that the analysis of the Euro exchange rate today's BI pressing observed moving about 0:29 % against the Euro currency forex trading today , while the current data rate of BI ( sell) euro with Bank Indonesia rate is in the range of Rp . 16837.21/EUR and BI rate (buy ) around Rp . 16669.08/EUR . Euro monitored receives positive sentiment of investors , having just Destatis ( Statistical Office of Germany ) reported that there is a signal strength in the consumer sector in this country , especially for imported goods . This is indicated by an increase in indicators of economic fundamentals German Import Prices m / m figure that rose to 0.1 % of the previous period of -0.7 % . Encouraging development showed lower performance than the estimated number of economists , who expect to be able to rise to 0.4 % rate . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 23, 2013 Author Report Share Posted December 23, 2013 News and Review of European Economic Zone (France) Non-oil exports to France Down Monday, December 23, 2013 The development of non-oil exports to the country of destination France reportedly Central Statistics Agency (BPS) shows the current slowdown. This was indicated by a decrease in the value of non-oil exports to the country where the value in October reported only reached a value of 87.6 million U.S. Dollars. Meanwhile earlier in non-oil exports to the country can reach a value of 95.2 million U.S. Dollars. Thus the performance of non-oil exports in the period decreased by -7.60 million U.S. Dollars, or weakened by -7.98%. Recent data from the BPS also showed that non-oil exports from the beginning of this year until October in total reached 891.6 million U.S. Dollars. This value indicates a decrease of -67 million U.S. dollars, down about -6.98%, whereas in the same period last year reached a value of 958.6 million U.S. dollars. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 23, 2013 Author Report Share Posted December 23, 2013 News and Review of European Economic Zone (Ireland) Irish GDP Up 1.5 Percent in Third Quarter Monday, December 23, 2013 In the third quarter of 2013, gross domestic product ( GDP ) rose 1.5 percent from Ireland the previous quarter . Raihan is said to be the highest in the last two years . In addition to GDP , GNP Ireland also increased by 1.6 percent compared to the same period last year . Meanwhile, the index of expenditure , distribution , transportation , software , and communication services increased by 2.1 percent in terms of volume of production between the second and third quarters of 2013. Industrial production in Ireland which includes the building and construction sector increased by 2.2 percent , while the other services sector increased by 1.2 percent . On the other hand , public administration and defense sector decreased by 1.0 percent . For the production of agriculture , forestry , and fisheries declined by 2.9 percent between the second and third quarters of 2013. On the expenditure side , private consumption expenditure registered an increase of 0.9 percent and capital investment also increased by 10.9 percent between the second quarter and the third quarter of 2013 . While government consumption also increased by 1.1 percent . Ireland exports declined by EUR 233 million between the second quarter and the third quarter of 2013 . Year on year , Ireland 's GDP has increased by 1.7 percent in the quarter ended in September after declining by 1.6 percent in the previous three months . In addition , recent research from the Economic and Social Research Institute , Ireland's economy is predicted to grow 0.3 percent this year and 2.7 percent for 2014. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 24, 2013 Author Report Share Posted December 24, 2013 News and Review of European Economic Zone (Cyprus) Cyprus Still Under Bailout Program Tuesday, December 24, 2013 Cyprus efforts to tackle its debt burden can weigh on the performance of the economy for the next decade , the report reviews the IMF . However, the IMF bailout program express Cyprus still according to plan . Cyprus is now in 3 -year bailout program after the euro - zone members receive a € 10 billion bailout in March. In a review of both, although the IMF uttered unspoiled Cyprus recession but economic performance is still better than expected . The economic recovery in the euro-zone economy enough to help repair Cyprus . The IMF predicted the economy would still be a natural contraction Cyprus 13 % for the period 2013-2014 . Cyprus has uttered will run over the company's plan to privatize telecommunications, ports , and electricity to get their countries and € 1.4 billion in 2018 . The IMF welcomed the domestic political support for the bailout program including asset sales negaran . However, the IMF worried by the turmoil between the government and central bank governors that Cyprus would not conducive to restore market confidence . Cyprus president before had uttered the desire to replace the head of the central bank . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 24, 2013 Author Report Share Posted December 24, 2013 News and Review of European Economic Zone (Germany) Throughout the year 2013 the German Import Product Price Already Reduced Tuesday, December 24, 2013 The price of imported goods in Germany from October 2013 to November 2013 increased by 0.1 % to 104.90 index points from 104.80 index points in October last . Import prices in Germany were released by the Federal Statistical Office reported the import price index decreased by 2.9 % in the month of November 2013 starting from November last year . Import price index , with the exception of crude oil products and mineral oil , was 2.3 % below prior year levels . While the export price index decreased by 1.1 % in the month of November 2013 starting from November last year . In October and September 2013 , the annual exchange rate is -1.0 % , respectively . From October 2013 until November 2013 , the index has not changed . Average price of imported German since 1962 to 2013 is 83.87 index points , where the highest achievement to date is 121.20 index points in the month of March 2012 and the lowest in August 1962 which reached 44.20 index points . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 24, 2013 Author Report Share Posted December 24, 2013 News and Review of European Economic Zone (France) Natural French Economic Contraction Tuesday, December 24, 2013 In the third quarter of 2013 , French GDP contracted 0.1 percent quarter - to - quarter , unchanged from the initial estimate released early November . GDP growth in Q2 increased slightly from 0.5 percent to 0.6 percent . The annual growth rate is at its Q3 remained unchanged at 0.1 percent . Household consumption expenditure slowed ( +0.1 percent after 0.4 percent ) . Furthermore , total gross fixed capital formation declined by 0.4 percent . Overall, final domestic demand ( excluding inventory changes ) have a neutral contribution to GDP after +0.4 point in Q2 . Exports fell again ( -1.3 per cent after a 1.9 per cent ) , while imports remained dynamic ( +0.9 per cent after a 1.5 per cent ) . Therefore, the foreign trade balance accounting has contributed negatively to GDP growth : -0.6 points , after +0.1 points in the previous quarter . In contrast , changes in inventories contributed to +0.5 points to GDP growth ( after +0.1 points ) . As we know , the French have the industrial base and a large and diverse agriculture which includes aircraft , military equipment , perfumes , pharmaceuticals , wine , beef and grain production . France is also the country 's most popular tourist destination in the world . It is estimated that more than 80 million foreign visitors per year . In conclusion it can be said that the service sector accounted for the largest share of global output ( 79 percent of total GDP ) and became the mainstay of the sector . However, in recent years , France has lost its competitiveness and capacity to attract private investment because labor laws are not efficient , high taxes and social contributions together with low levels of innovation . Vibiz research argues the above result in the export -oriented industrial base gradually eroded , creating a systemic trade deficits and rising unemployment . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 25, 2013 Author Report Share Posted December 25, 2013 News and Review of European Economic Zone (UK) UK Mortgage Approvals Exceeds Expectations Wednesday, December 25, 2013 China will continue to control the property market in 2014 while adding supplai land and homes in the cities that experienced a surge in housing prices , according to the housing minister Jiang Weixin China . Home prices in major cities in China continues to set records even though the government has tried to dampen price spikes in the last 4 years . The increase in housing prices that are not controlled can create bubbles and as more and more social unrest inaccessibility of housing prices . However , Beijing also can not be too tight to prevent increases in housing prices due to potentially undermined economic activity . " We will continue to run a tight policy in 2014 and run the appropriate policy , " said Jiang told Xinhua news agency . Comments Weixing is certainly a signal that Beijing would not loosen his attitude to stabilize housing prices in China . Jiang uttered the government will impose different policies for specific cities according to market conditions . Jiang also confirmed that the city is experiencing a surge in housing prices should be a policy of tightening next year Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 26, 2013 Author Report Share Posted December 26, 2013 News and Review of European Economic Zone Former ECB boss Improved Optimistic Euro Zone Next Year Thursday, December 26, 2013 Former commander of the European Central Bank ( ECB ) is optimistic that global economic growth increased in 2014. Jean - Claude Trichet assess policy accommodative central banks would become a weapon to improve the economic reforms , especially in the Euro zone . CNBC , Trichet said that some countries are surprisingly recovered more quickly from the recession and debt crisis . " There may still be a trend slowdown in some developing countries , but if you consider that there is a fundamental factor in 2014 was supposed to be a good momentum , " said the man 's French nationality . Over the past two years , several countries actively ease monetary policy to boost economic growth . The balance of the fiscal balance began waking due to budget cuts the program in large numbers . Although the national economy in Greece , Ireland , Portugal , Spain and Italy was instrumental in creating the recession and rising unemployment , long-term effects tend to be positive . With a bitter pill to swallow due to state budget cuts , the more awake regional stability from year to year . Even so , optimism Trichet is debatable because some indicators do not yet reflect a solid recovery . In the third quarter , the annual GDP of the Euro zone rose only 0.1 % , or lower than the second quarter note plus 0.3 % . While the unemployment rate still high levels observed in 12.1 % (October ) . Petimbangan This led rating agency Standard & Poor's ( S & P ) to cut its long - term credit rating of the euro zone on Friday from AAA to AA . S & P underline poor budget negotiation process in several important countries . On the same occasion , the leader of the 2003-2011 period the ECB also praised the attitude of central banks that have been running fine constitutional mandate . But he also said the authority is still dealing with the effects of the reduction of the U.S. central bank stimulus . " I think the Federal Reserve has calculated the impact of its policies on other countries , " Trichet lid . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 27, 2013 Author Report Share Posted December 27, 2013 News and Review of European Economic Zone (Spain) Spanish Lower Taxes for Low Income Residents Friday, December 27, 2013 The Spanish government began to loosen the belt fiscal policy next year . The finance minister menegaskkan it immediately lowers tax levy for residents with low income . However, people with high incomes have not been able to enjoy this respite at least until the economy is fully recovered . In an interview with Expansion of media , Finance Minister Cristobal Montoro not tell for sure about the number of tax deductions for the middle to lower citizens . However, he made sure that the effect will greatly help people who have undergone post- crisis period is difficult . In addition to expressing discourse tax reduction , Montoro expressed the government's economic targets for 2014. It predicts the national economic growth by 1 % after the great recession in recent years . Prime Minister Mariano Rajoy has taken a cruel policy to tackle the financial crisis and reduce the deficit from swelling debt . Since taking office as the head of government in 2011 , he introduced a variety of programs such as the efficiency of spending cuts , tax hikes and mass layoffs . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 30, 2013 Author Report Share Posted December 30, 2013 News and Review of European Economic Zone (Germany) German Finance Minister: Interest Rates Low unsustainable Monday, December 30, 2013 Central banks around the world must ultimately change the low interest rate policy has brought problems for long-term investment, according to German Finance Minister in an interview with German newspaper. "Of course it can not continue forever," said Wolfgang Schaeuble told the Bild newspaper. Schaeuble believes that if he saw early signs that the amount of money circulating in the financial markets has declined steadily, while the interest rate for German government bonds has increased slightly. Germany is a member of the Euro bloc's most vocal in criticizing the policy of low interest rates that applied the European Central Bank. The German government worried if the policy will only benefit the euro zone countries hit by the crisis at the expense of savers Germany. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 30, 2013 Author Report Share Posted December 30, 2013 News and Review of European Economic Zone (Italy) Trying to Avoid Nationalization Italian Monte Paschi Monday, December 30, 2013 Delays Banca Monte dei funding for Paschi di Siena increase the risk dinasionalisasikannya oldest bank in the world by the Italian government . Monte Paschi shareholders have rejected the proposed sale of shares worth € 3 billion capital increase and postpone until May 12. The rejection likely led to the resignation of the CEO and the Board of Directors of the leading banks in Italy who were under pressure to improve the company 's financial condition . The focus will now switch to the Italian government also continues to follow the situation of Monte Paschi . The world's oldest bank needs fresh funds to repay the government aid worth € 4.1 billion were received in early 2013 and avoid nationalization . The ANSA news agency reported that the Italian government's top priority is to return the bailout funds and nationalization are not interested in doing . Resource persons in the Ministry of Finance of Italy said that the government will continue to encourage all parties involved to reach a satisfactory solution . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 31, 2013 Author Report Share Posted December 31, 2013 News and Review of European Economic Zone (Greece) Greek Sure Can Get Out Of Bailout Program Tuesday, December 31, 2013 Greece plans to exit the bailout program in 2014 and does not need further assistance, according to Prime Minister Antonis Samaras. "In 2014, Greece will return to the financial markets. Government bonds Greece will be able to re-accepted and this means no need for additional bailout funds," said Samaras. However, not many membebarkan Samaras plans to be able to eject Greece from the brink of recession the economy so as to accelerate out of the bailout program. Greece has received two international financial assistance since mid-2010, with the value reaching $ 330 billion bailout. In early December, Ireland has become the first euro-zone member out of the bailout program. If Greece could also follow the lead of Ireland, there is certainly a hard intimated that the euro zone's outlook has experienced a recession and financial crisis in recent years. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted December 31, 2013 Author Report Share Posted December 31, 2013 News and Review of European Economic Zone (Greece) Out of Bondage Bailout , Greece Focus Fix the Economy Tuesday, December 31, 2013 Greece is scheduled to come out of the bailout program designed European Union and the International Monetary Fund ( IMF ) in 2014 . Prime Minister Antonis Samaras announced the happy news via television a few hours ago . " Next year , Greece will have access to the credit markets again and become a normal country , " said Samaras to its citizens . He explained to the public that Greece no longer need to ask for a new loan and sign any bailout scheme . With the completion of the international responsibility to the authorities , the government can now focus care of the domestic economy slowed for a long time . Since the year 2010 ago , Greece has grossed a total loan of $ 330 billion from the EU and IMF creditors . Next year the country will follow Ireland to the list of countries that have already sterile from the bailout , and the news is good news for businesses and regional investors . " I think the condition of Europe would be much better in 2014 , " says Richard Harris , CEO of Port Shelter Investment Management, told CNBC Asia . According to him , the year 2013 was a period in which market participants began to believe in the ability of the European Union and its member states in dealing with the financial crisis . " The news release from liability Irish and Greek bailout will be a driver of European progress , 'said Harris . Greece is treading recession phase for the sixth year in a row due to trapped within the program budget cuts and the national debt reduction agenda . After the first official entry in the recession , the unemployment rate in Greece jumped to 27.6 % (data May 2013 ) is also marking the highest record in modern history . In just one month , the ratio of people without jobs increased by more than half a percent of 27 % in April . The biggest concern at the high number of residents pursed young age ( 15-25 years ) who do not have permanent livelihood , the ratio reached 65 % . Figures calculation includes the calculation of absorption in the human resources during the holiday season , where Greece is one of the most in demand tourist destinations in Europe . While the number of people who lost their jobs have gone up almost 200,000 to a total of 1:38 million people in the last 12 months . If the total over the past 5 years , the escalation of the crisis has led to 1 million people in the category of unemployment . Regardless of the lack of the facts mentioned above , Greece assessed to be in the right track to recovery . This opinion was expressed by a financial institution UBS , which recently raised its forecast for the Greek economy in 2013 from minus 4.5 % to minus 3.9 % . As for next year , UBS believes growth turned positive to 0.2 % or better compared to the previous expectation at level zero or nil . Upgrading the economic projections made with reference to the second quarter GDP report better than estimates and improving business sentiment in the third quarter . As a note , UBS feels that faster economic equilibrium is reached if the current state is maintained . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 1, 2014 Author Report Share Posted January 1, 2014 News and Review of European Economic Zone Domestic Trade EU Still Contraction Wednesday, January 1, 2014 Performance Euro currency today ( December 30 ) observed a positive on the pair EUR / USD , and showed a strong trend towards increasingly bullish at the exchange rate of Bank Indonesia is reviewed in the last two months of trading . Analyst Research Vibiz of Vibiz Consulting suggests that the analysis of the Euro exchange rate today's BI observed to move up very sharply raised about 9.60 % against the Euro currency in the foreign exchange trading from early November until today . While on this day rose about 12:30 % while the current data rate of BI ( sell) euro with Bank Indonesia rate is in the range of Rp . 16953.89/EUR and BI rate (buy ) around Rp . 16782.49/EUR . On the other hand Markit ( business and economic research institute ) on this day conveyed to the public that domestic trade in the EU is still performed less encouraging . The development is indicated by the weakening in economic indicators Retail PMI decreased from 47.7 in the previous period value is 48 . Although the pair rose on EURIDR yet euros in the spot market indices moved lower observed to respond to these developments . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 1, 2014 Author Report Share Posted January 1, 2014 News and Review of European Economic Zone (UK) UK Housing Sector Reported Improved Wednesday, January 1, 2014 Sterling on the movement of currency trading GBP / USD today ( December 30 ) showed a positive sentiment towards the currency, and an increasingly strong trend seems to be reviewed in the last two months . Analyst Research Vibiz of Vibiz Consulting suggests that the analysis of today's BI rate British Pound observed moving up about 0:36 % against the Euro currency in forex trading today . Based on the Bank Indonesia rate announcement today BI current data rate ( selling ) British Pound in the range of Rp . 20321.49/GBP and BI rate (buy ) around Rp . 20114.33/GBP . Positive sentiment towards the pound sterling exchange rate seems to increase after the Bank of England reported to the public that the latest data showed an improved performance in the housing sector in the UK . The development is shown by an increase in the fundamental indicators of Housing Equity Withdrawal q / q figures improved to - 10.4B of value in the previous period - 12.5B . The reports show lower performance than the estimated number of economists , who expect to be improved to number - 7.2b . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2014 Author Report Share Posted January 2, 2014 News and Review of European Economic Zone (Spain) Manufacturing Activity Spain Awake at the End of Year Thursday, January 2, 2014 Manufacturing activity improved in Spain in December 2013. This fact triggered by the increasing number of new product orders , especially after the volume of demand had declined in November . Institute data provider Markit today announced that the main monthly indicator of Spanish manufacturing sector rose from 48.6 (November ) 50.8 in the last months of 2013. The index number above 50 indicates a good performance because it reflects the expansion of the activity . The increase in the index is influenced by the increase in new business units and production plants . Spanish companies successfully take advantage of the increase in the price of the products that they enforce . Price adjustment is made to cover the production costs are likely to increase . " Spanish manufacturing sector is a positive move at the end of the year , especially after the decline of the previous month , " said Andrew Harker , economist at Markit and researchers . An increasing number of requests provide optimism for a businessman from Spain who has long been looking forward to accelerating the momentum of the national economy . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2014 Author Report Share Posted January 2, 2014 News and Review of European Economic Zone (Hungary) Hungarian Confident Able to Fulfill the EU Deficit Limit Thursday, January 2, 2014 Hungary was rumored to be the new state blacklisted EU bailout . Although the financial condition and national economy is much healthier than Greece , the country is experiencing a chronic deficit problem . Responding to these fears , the Hungarian Economy Menteria convince the public that it will meet deficit limits allowed by the European Union in 2014 . As is known , the single currency user authority sets a limit on a country's deficit is 3% of the total value of its gross domestic product , respectively . If it is exceeded , then the EU reserves the right to review and implement budgetary discipline . " We will comply, but all are highly dependent on cash flow budget , " said Coordinating Minister Mihaly Varga told MTI news agency . He believes that the target is achievable although Hungary was hit by low inflation . In its quarterly report last month , the central bank expects inflation to average 1.3% Hungary is for the year 2014. " Although the government cut spending energy and resources , the level of consumer prices maintained thanks to the production of a strong economy , monetary and fiscal success formula and the stable exchange rate of the Euro , " Varga said confidently. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 2, 2014 Author Report Share Posted January 2, 2014 News and Review of European Economic Zone (UK) UK manufacturing subside Amidst Weak Export Demand Thursday, January 2, 2014 UK manufacturing growth unexpectedly eased in December as weakening demand for exports , it highlighted the problems in recovery . Index of factory activity fell to 57.3 from a revised data becomes 58.1 in November , Markit Economics said in a report today in London . The index was above 50 indicates expansion from contraction difference for the ninth month in a row . Separately, a report showed manufacturing in China fell last month , while economists expect the U.S. manufacturing will subside . Prime Minister David Cameron yesterday said that the recovery in the UK " is true , but also fragile , " and the government has had five plans to spur growth . In the current economy has strengthened , Bank of England Governor Mark Carney has said that policy makers will not consider rate hikes until at least the unemployment rate fell to 7 percent . "Assuming commodity prices rise no further , we believe that the manufacturing sector will continue to recover in 2014, " said Samuel Tombs , an economist at Capital Economics Ltd. . in London . " Although demand from abroad may be relatively weak , upper easing credit restrictions and the emphasis on household real incomes should increase domestic demand for investment and consumer goods . " Readings above economists' forecasts in the report for the manufacturing index 58.4 , based on the estimates of 24 economists in a Bloomberg survey . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2014 Author Report Share Posted January 3, 2014 News and Review of European Economic Zone (UK) UK mortgage approvals rise to Highest Level In Six Years Friday, January 3, 2014 Mortgage approvals in the UK rose higher than economists forecast in November to the highest level in almost six years , signaled the continued strengthening in the property market at the end of 2013 . The mortgage lenders give consent as 70 758 , the highest level since January 2008 , compared with October's report on the revision becomes 68 029 , the central bank said in a report in London today . The median forecast of 15 economists in a Bloomberg News survey called for an approval number as many as 69,700 . The report also shows that the number of business loans down . House prices rose as much as 1.4 percent in December , covered with the best performance for the annual rate of property on the market since 2006 , according to Nationwide Building today . With a strong demand for homes , the BOE in November said that they would end incentives for mortgage credit in programs that improve Funding for Lending and initiatives focused on corporate credit . Total net mortgage lending rose by 910 million pounds ( $ 1.5 billion ) in November from October , the central bank said . Total consumer credit rose by 627 million pounds , 388 million pounds including any credit card . Markit Economics today said that construction index fell less than economists forecast in December . Index slipped to 62.1 from 62.6 in November . Economists had projected for reading 62 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2014 Author Report Share Posted January 3, 2014 News and Review of European Economic Zone (UK) UK House Prices Experiencing the Best Performance Since 2006 Over Surging mortgage Friday, January 3, 2014 UK house prices rose and the number of mortgage loans rose more than forecast as the property market continues to carry forward the momentum gained at the end of 2013 . Nationwide Building Society said house prices rose as much as 1.4 % in December , making them rise last year to 8.4 % , the biggest annual increase since 2006 . Meanwhile, in a separate report in London showed that the level of mortgage approvals currently at its highest level in nearly six years and the growth in the construction sector led by a construction of the building . Resurgence in the housing sector triggered by the improving economy and government measures , which have been driven by the response of the Bank of England . BOE will be an end to incentives for mortgage loans in the program will increase the number of credit and corporate credit oada focus . The need for such a move in today with the highlight on the data that shows business lending fell to its lowest level in almost 18 months in November . " Surveys consistently showed significant rise in buyer interest and a stronger activity that house prices seen moving up strongly , " said Howard Archer , chief UK economist at IHS Global Inshight in London . The decision " to end the Funding for Lending programs that support lending to households seem sensible decision , even though it itself may not be a major brake on the housing market activity . " In contrast to the increase in home loans , the data showed that the BOE business loans fell as much as 4.7 billion pounds ( $ 7.7 billion ) in November , the biggest decline since the data began to be released in the month of May 2011 . Loans to manufacturing has dropped by 3.1 % last year . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2014 Author Report Share Posted January 3, 2014 News and Review of European Economic Zone Flow of Credit to Private Sector Drops the Euro Zone Friday, January 3, 2014 The flow of lending to the private sector in the euro zone fell in November in its worst annual rate since the last 20 years , the ECB indicated by the data , indicating that the region still struggling euro zone to continue recovery . Private sector lending plunged 2.3 % , after falling -2.2 % in October . Decrease in loans to various corporates this increases the pressure on the central bank to implement additional measures to stimulate the flow of lending to drive the economy . This is due to many banks are still worried about the economic situation and outlook in the Euro zone member countries are filled with uncertainty and risk in lending despite the overall economy is growing moderately . Loans to households reportedly dropped 3 billion euros , compared with a rise of 3 billion euros in October , while lending to companies fell 13 billion euros , continuing attenuation of 15 billion Euros in the previous month . This report adds to the expectations for action from the ECB monetary policy meeting on 9 January next . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 6, 2014 Author Report Share Posted January 6, 2014 News and Review of European Economic Zone (UK) Tough UK Service Sector Activity in 2013 Monday, January 6, 2014 A survey showed service sector activity in the UK berekspanasi for 12 straight month in December, although more slowly than in November, and implies the growth of gross domestic UK in the fourth quarter of about 1%. UK service sector PMI index in December was released at 58.8 from the previous of 60.0 in November. Despite the fall, but values above 50.0 means the activity bereskpansi. The survey showed the number above 50.0 every month throughout the year 2013, and when combined with the PMI index of manufacturing and construction sectors, indicating acceleration of economic growth in the final three months of last year. Details of the survey showed a high level of confidence still, rose to 73.5 in December, and the highest level since March 2010, and rose from November when it touched 71.1. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 6, 2014 Author Report Share Posted January 6, 2014 News and Review of European Economic Zone (Hungary) Hungary Pledges to Fulfill Requirements EU Deficit Monday, January 6, 2014 The Hungarian government is not tired to convince the public that they are able to avoid the threat of large deficits as feared by many parties . Minister of economy , Mihaly Varga , said last weekend that it could meet the target of 2.7 % of the total gross domestic product this year . Late last year , the Hungarian state was rumored will be blacklisted new EU bailout . Although the financial condition and national economy is much healthier than Greece , the country is experiencing a chronic deficit problem . For 2014, the national economic growth is estimated to 2 % or two times larger than previous estimates . However, no one can assure members of the Euro zone is capable away from the threshold deficit to GDP ratio of the regional , which amounted to 3 % . Deficit has been going on since 2010 , and makes Hungary became the country with the largest amount of debt with a debt to the region 's economy reached the value of about 80 % . Under the government of Viktor Orban , Hungary can avoid the threat of EU fiscal discipline of being able to manage their finances well . Over the past nine years , the government made a variety of ways to make healthy balance sheet with high tax of financial businesses , retail and energy . Not to mention if calculated with the program of nationalization of $ 14 billion in pension fund asset -based finance people . Hungarian Economy Minister last week to convince the public that it will meet deficit limits allowed by the European Union in 2014 . " We will comply, but all are highly dependent on cash flow budget , " said Coordinating Minister Mihaly Varga told MTI news agency . He believes that the target is achievable although Hungary was hit by low inflation . In its quarterly report last month , the central bank expects inflation to average 1.3% Hungary is for the year 2014. " Although the government cut spending energy and resources , the level of consumer prices maintained thanks to the production of a strong economy , monetary and fiscal success formula and the stable exchange rate of the Euro , " Varga said confidently. Quote Link to comment Share on other sites More sharing options...
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