mynameisandhy Posted February 25, 2014 Author Report Share Posted February 25, 2014 News and Review of European Economic Zone (Germany) German GDP Grew 0.4 % During Fourth Quarter Tuesday, February 25, 2014 Value of German exports surged to its highest level in three years during the fourth quarter , strengthening expansion in countries with the largest economies in Europe are also supported by investment . The value of sales to foreign countries rose as much as 2.6 percent in the final three months of 2013 than in the previous quarter , while investment in equipment and construction each rose as much as 1.4 % , according to the Federal Statistics Office in Wiesbaden today . German GDP expanded by 0.4 % in the fourth quarter , they said , the data confirms the estimate on February 14 . With business confidence levels are at their highest level in 2 ½ years and the unemployment rate was at a record low , it has made Germany as the driving force to the fragile recovery in most of the euro area , which is the largest trading partner of Germany . The data will help the European Central Bank president Mario Draghi need to decide whether or not more stimulus to maintain growth in the euro area . " The German economy is actually quite good to see in the future , " said Natascha Gewaltig , who is a director of European economics at Actions Economics in London . " It is also a good news for the euro area as a whole . " The eurozone economy expanded by 0.3 % in the fourth quarter amid stronger expansion than expected in countries such as France and the Netherlands as well as the re- growth of Italy . However , at the same time , the manufacturing sector is showing signs of slowing and inflation is less than half the ECB's target level in the range of 2 % which is at the level of the ECB definsikan as price stability . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 25, 2014 Author Report Share Posted February 25, 2014 News and Review of European Economic Zone Praet : ECB sees no risk of deflation To Current Tuesday, February 25, 2014 European Central Bank sees no risk of deflation current or signal delay consumers to shop , according to officials at the ECB Peter Praet newspaper interview released on Tuesday . Praet , who holds the economic portfolio on the executive board of the ECB , told Belgian newspaper De Standaard that the inherent rate of inflation at a low level can be a risk . However, the current inflation is driven by food and energy prices low . Energy prices are very volatile . " Weak demand and high unemployment rate may also affect , " he said . The mandate of the ECB is to achieve price stability , which is defined as the rate of inflation which is close to but below 2 % in the medium term . Eurozone inflation is currently at the level of 0.8 % - well below the target . " We are receptive to that price growth is weak and weakening it will continue in the medium term , " Praet said . ECB President Mario Draghi said the central bank does not change the interest rate this month because it needs more information about the economic recovery , make a market alert to the possibility of an additional step in March , when the inflation outlook meemperbaharui . The ECB will hold a policy meeting next March 6. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 25, 2014 Author Report Share Posted February 25, 2014 News and Review of European Economic Zone (UK) UK Mortgage Approvals Rise in January Tuesday, February 25, 2014 UK mortgage approvals rose to their highest level since September 2007 in the month of January, with the pace of activity quickened enterprise market, according to data from the British Bankers Association. Mortgage approvals rose to 49.972 from 47.086 in December. But the number is still far below the high levels before the crisis, with high levels monthly at 93.567. Some analysts had expected an increase of 46,500 in January. Gubernut Mark Carney Bank of England recently assuage anxiety about overheating in the housing market, said "What we are seeing in the housing market is just an adjustment from a low level." However, he added, "But we have to be very aware of the history, the history of the UK economy, and no history of boom and then plummeted in the housing market. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 26, 2014 Author Report Share Posted February 26, 2014 News and Review of European Economic Zone (Germany) German Consumer Confidence Jumps To Highest Level 7 Years Wednesday, February 26, 2014 German consumer confidence rose to its highest level in seven years , showed that the German economy to gain strength in the overall database after data released on Tuesday showed the German economy grew in the fourth quarter for the support of exports . GfK consumer climate indicator for March rose to 8.5 , said the group is based in Nuremberg on Wednesday . It is the reading of the indicator to its highest level since January 2007. Index using data from this month to project the sentiment indicator for the coming months . The figure was above the revised reading rose to 8.3 in February and above economists' forecasts at the level of 8.2 . " Consumers still believe that the German economy has overcome the weakening phase last year and began to enter the solid growth pattern , " wrote GfK . Data released on Tuesday showed the German economy grew by 0.4 % in the fourth quarter , beating the expansion rate of 0.3 % in the third quarter . Overseas trade is a major driver for growth . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 26, 2014 Author Report Share Posted February 26, 2014 News and Review of European Economic Zone (UK) Quarter of UK Q4 Growth Still The Same Wednesday, February 26, 2014 The improvement in the level of business investment helped to drive strong growth rate in the UK economy in the final quarter of 2013 , signaling that the economic recovery began to spread . Gross domestic product rose 0.7% in the fourth quarter , according to the Office for National Statistics , was not revised from the previous estimate and the analyst estimates . This data makes the fastest growth rate since the financial crisis last year . While household spending has fueled the rise so far , and rose by 0.4 % in the fourth quarter , the latest data showed the level of business investment rose 8.5 % compared to the same period last year , which is the quickest recovery since the first quarter of 2012 . The ONS said household spending and trade also contributed to the strong growth rate in the fourth quarter . The Bank of England forecast a rise in the level of business investment in 2014, something that is judged necessary to secure economic recovery and trigger growth in productivity . BoE Governor Mark Carney has questioned the reliability of data from the ONS business investment , said other surveys have shown strong growth rates in corporate spending . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 26, 2014 Author Report Share Posted February 26, 2014 News and Review of European Economic Zone (UK) BoE's Dale: Bank of England Will Be careful When Raising Interest Rates Wednesday, February 26, 2014 The Bank of England does not plan to increase interest rates in the near future and will move with caution when it comes time to raise interest rates, according to one high-ranking officials of Bank of England on Wednesday. "We do not plan to increase interest rates in the near future," said Spencer Dale, chief economist at the Bank of England and a member of the Monetary Policy Committee, in an interview with BBC radio. "Interest rates will rise someday but not today. And when it came time, the BoE will raise rates gradually and carefully to ensure we continue to support the recovery that has seen the growth of output and employment." Earlier this month, the BoE announced a new version of the instructions milikny interest rate, interest rate decision to associate with how quickly the economy spends her spare capacity. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 27, 2014 Author Report Share Posted February 27, 2014 News and Review of European Economic Zone (Switzerland) Swiss Economy Grows Below Expectations In Q4 2013 Thursday, February 27, 2014 The Swiss economy is growing below analysts' estimates in the fourth quarter as the number of export items include chemical products and pharmaceuticals declined . Swiss GDP grew by 0.2 % in the three months to December from the previous quarter , said the Secretary of State for Economic Affairs in Beirn in a statement today . This figure does not reach the level of the median estimate in a Bloomberg survey 0.4 % . This period is the first in more than two years that the Swiss economy is growing below its neighbors in the euro area , which is their biggest trading partner . The Swiss National Bank ( SNB ) limit at the level of 1.20 francs per euro , on the set in September 2011 to protect the state of deflation and recession , which helps protect the exporters . " The story of growth in the fourth quarter, the same as the previous quarter , which is supported by domestic demand , " said Alessandro Bee , an economist at Bank Sarasin AG J Safra . " The Swiss central bank comfortable with that position , " he said , with a level of 1.20 per euro is a limitation that should be valued by the market . " The risk for the euro and the franc zone is not too big . " SNB President Thomas Jordan said last month that the restriction is appropriate policy tool for " economic stability in the future . " According to the IMF , the Swiss economy will expand AKN estimated at 1.79 % this year , which the eurozone will grow only about 1 percent . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 27, 2014 Author Report Share Posted February 27, 2014 News and Review of European Economic Zone (Germany) German Unemployment Rate Go Down in February Thursday, February 27, 2014 Germany 's unemployment rate fell again in February for a third month and exceeded economists' estimates as companies become more optimistic about the recovery in Europe's largest economy . Number mengangguran reduced by 14,000 into 2,914 million , after falling as much as 28,000 a month earlier , according to the Federal Labor Agency in Nuremberg today. Economists forecast a decline of 10,000 . The unemployment rate stood at 6.8 % , unchanged from January and the lowest level in two decades . German economy better than economists' expectations at the end of last year with a growth rate of 0.4 %, which also support the fragile recovery in the euro zone , Germany's largest trading partner . The level of business confidence by research institute Ifo rose to its highest level in 2-1/2 years in February , consumer sentiment is also likely to rise to high levels in 7 years in March , and the Bundesbank predicts rapid growth rate will increase this quarter . " We are very optimistic about the German labor market , " said Matthias Thiel , economist at MM Warburg & Co. . in Hamburg . " We expect the unemployment rate will fall even further given the good performance of the German economy will be in 2014. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 27, 2014 Author Report Share Posted February 27, 2014 News and Review of European Economic Zone Contraction Rate Loans in the Euro Zone Hit the ECB to act Thursday, February 27, 2014 Loans to households and companies in the euro zone fell back in January and money supply growth remains weak , adding to pressure on the European Central Bank to take steps to stimulate the economy in the next week . The ECB has cut interest rates to a record low , drain the extra liquidity to the banking system and announced a new program of buying government bonds , but the policy has not been successful so far launched a loan to the real economy . The inflation rate in the euro zone is also located just 0.8 % , far from the ECB's target is a little under 2 % . Loans to the private sector fell as much as 2.2 % in January from a year ago , according to ECB data released Thursday . Compared with a contraction of 2.3 % in December . Eurozone M3 money supply , the size of the amount of money in the economy , grew at an annual pace of 1.2 % , up slightly from 1.0 % in December . " Weak growth in the money supply not only make the recovery in the eurozone stagnant , but increase the chances of the euro zone to fall back into another recession , " said David Brown at New View Economics . " The ECB still have to think of other ways to expedite loans in the euro zone , " he added . ECB is worried that inflation risks are stuck in the " danger zone " below 1 % , and is considering a new policy to take a step forward on Thursday to shore up the economy . After the meeting on February 6 , ECB President Mario Draghi said the central bank has decided not to take action while getting more information about pertumbuan and inflation outlook , and assess the impact of unrest in emerging markets in the euro zone . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 1, 2014 Author Report Share Posted March 1, 2014 News and Review of European Economic Zone (Germany) German Retail Sales Jumped 2.5 % in January Friday, February 28, 2014 The buyers at retail stores in Germany during the month of January to make gains on the holiday season is not passionate , calling for a reading of the highest monthly sales in the last seven years , based on data from the national statistics bureau Destatis on Friday . The data is the latest indicator that the country with the largest economy in Europe continues to maintain the momentum of its gains , and it will impact the household sector will be ready to shop more in 2014. " Low inflation , coupled with the increasing number of workers and skyrocketing revenue growth , it represents a condition that has been strong in consumer spending in the first quarter , " said Annalisa Piazza , an economist for Newedge , in a research note . Retail sales in January jumped to 2.5 % from the previous month in a variety of things that are customized , higher than the revised 1.7 % increase in the minus , on show in the previous data . Sales reached the highest level that has not been seen since February 2007 , and better than the reading of a 0.1% increase from MarketWatch survey of economists . In the annual rate , retail sales edged up about 0.9 % , on show in the data , helping to offset a decline of 1.5 % in December , which was also in the upward revision . German economy grew by 0.4 % in the quarterly rate at the end of the year , when the economy was mainly supported by the surge in exports , but retail sales in January to signaled that consumer spending could be higher in the future . In addition to retail sales higher , the German unemployment rate continued to decline in February , and the level of consumer confidence in Germany also soared to its highest level in seven years for the month of March. However , the data on this Friday should be read with some caution as retail sales data are volatile and are usually in the revision . Retail sales may not continue to grow at the same rate of speed , and although the January data can also be viewed as a technical correction after the data is bad in December , Piazza added . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 1, 2014 Author Report Share Posted March 1, 2014 News and Review of European Economic Zone (Italy) Italy Unemployment Rate Back Print Record High Friday, February 28, 2014 Italy's unemployment rate rose to a new record high at 12.9% in January, its highest level since counting began in 1977, according to data on Friday. Youth unemployment rate, job seekers aged between 15 and 24 years, fell as much as 42.4% in January, up from 41.7% in December. Youth unemployment rate is also at the highest level in 37 years. The weakening of the Italian labor market was evident in the very low employment rate, which stood at 55.3% in January. Istat said there were 478,000 people who lost their jobs at the end of 2013 compared to a year ago and less than 984 000 people in 2008. In January, unemployment reached about 3,293 million people, rising by 60,000 from the previous month, and rose as much as 260,000 from the same month last year, ISTAT said. These data underscore the problems faced by the new Prime Minister of Matteo Renzi, who promised to make pemangaksan unemployment rate as a top priority rule. He is expected to release the "Jobs Act" aimed at degrading labor costs and mensederhanakan complex systems on labor contracts in Italy considered making companies reluctant to hire new employees. International Monetary Fund this week suggesting the labor market structural reforms to cut the unemployment rate, which continued to rise since the beginning of 2011 as Italy face the longest post-war recession. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 1, 2014 Author Report Share Posted March 1, 2014 News and Review of European Economic Zone Eurozone inflation still below the target ECB , Unemployment Rate Stable Friday, February 28, 2014 The rate of inflation in the euro zone is higher than economists forecast in February , adding to pressure on the European Central Bank to take action next week to strengthen the fragile economic recovery . The rate of consumer inflation grew by an annual rate of 0.8 % , the same as the previous two months , according to European Union statistics office in Luxembourg said today . This data was higher than economists expected inflation rate amounted to 0.7 % , while the ECB is the target inflation rate is slightly below 2 % in the medium term . The unemployment rate , which is said by ECB President Mario Draghi contribute to the low level of inflation , remained at the level of 12% in January , was ekat record high 12.1 % in the euro zone in September , according to Eurostat in a separate report today. On February 6 , Draghi gave a month due to the addition of economic stimulus , said the European Central Bank needs to " get more information " before making a decision about the recovery . " We are willing and ready to take action , " Draghi said after the ECB kept interest rates at a record low of 0:25 % . Energy prices fell by 2.2 % following a decline of 1.2 % in January , according to a report today. " Some recent times , the development of energy prices have triggered downward pressure on the inflation rate , a phenomenon that contributes to the decline in global inflation , " Draghi said yesterday . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 3, 2014 Author Report Share Posted March 3, 2014 News and Review of European Economic Zone (russia) Russia's Central Bank Raises Interest Rate Monday, March 3, 2014 Russia's central bank unexpectedly raised interest rates by 150 basis points to 7% from 5.5%, effective from today. The Russian central bank's move dianbil after the Russian currency, the ruble, falling to its lowest level following the intervention of Russia to Ukraine. The dollar touched a record high against the ruble at the level of 37.00, and the euro in the range of 50.99 rubles. Bank-centrally Russia claimed the decision was taken to avoid the risk of inflation and financial stability that occurs as a result of volatility in the financial markets lately, and added if such a move is only "temporary Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 3, 2014 Author Report Share Posted March 3, 2014 News and Review of European Economic Zone Eurozone PMI estimates Results Not bad Monday, March 3, 2014 Manufacturing activity in the euro zone rose was recorded in February 2014. The pace of gains is not as good a record in January, but still better than the expectations of market participants . The results of the data collected by statistical agencies Markit purchasing managers' index showed that the manufacturing sector ( which is obtained from company 3000 ) dropped from 54.0 into 53.2 . A reading above 50 still reflects expansion in the euro area manufacturers . PMI index figure is higher than the Markit preliminary report released last month , where the index was at 53.0 . The increase in the number of data was caused by the revision of the French PMI rose to 48.5 to the highest level in five months at 49.7 . French manufacturing sector is now a step to expand post- production activity sluggishness in the last two years . Unfortunately at the same time , the manufacturing survey also showed that inflationary pressures eased in February . Business people say that for the first time in the last six months they could pay cheaper to get raw materials . The EU statistics agency on Friday said consumer prices rose 0.8 % in February compared to the same period last year . Inflation is still well below the ideal target of close to 2 % set by the central bank . Inflation is not on target to show that the pace of regional economy has not completely normal . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 4, 2014 Author Report Share Posted March 4, 2014 News and Review of European Economic Zone (UK) English Fear to Enforce Sanctions Russian Economic Tuesday, March 4, 2014 The British government plans to not impose sanctions on Russia for his involvement in the crisis in Ukraine . London Parties assess the trade embargo with the ex - Soviet states that would only hamper efforts to economic growth in the country . According to government sources quoted by the Daily Telegraph , the Prime Minister David Cameron had said he was going to approach diplomatic , political and economic to suppress the Russian side . But Cameron 's comments seemed only a bluff because the British cabinet supposedly concerned with the prospects of the national economy if the country lost one of its trading partners . According to leaked documents received from the media Prime Minister's residence , the British government is very concerned with the effects of Russia's economic embargo . One quote from the document reads , " English for the moment should not support sanctions or close to the Russian financial traffic associated with the country of residence " . Letter writing is likely to come from government administrative offices and addressed to the national security authority . Besides the economic aspect , the UK will not support the NATO military preparations to secure Ukraine . In the same document stated that Britain would hand over efforts to resolve the crisis in Eastern Europe to the European Union than the United Nations . As the highest international institutions , the UN is considered more appropriate to send a team pemantaunya Ukraine . Cameron is also said to have preferred if throwing this issue to the competent authority to sanction rather than directly to Russia , for example by freezing or announced bans visa to visit the communist country , . Leaking of the contents of the documents brought by Hugh Powell , Deputy National Security Advisor , is likely to make PM Cameron embarrassed in front of their allies , especially the United States . Given the UK is known for always obedient to the White House in terms of international political diplomacy . The government itself has not been able to comment on the substance of documents published by the Daily Telegraph . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 4, 2014 Author Report Share Posted March 4, 2014 News and Review of European Economic Zone (Spain) Spanish Unemployment Decreases In Feb Tuesday, March 4, 2014 The number of unemployed decreased by Spain in February 1949 compared to the previous month to 4.81 million people. This decrease indicates the Spanish labor market is stabilizing After massive layoffs that occurred since 2008. Since February 2013, Spanish unemployment has been reduced by 222 736 people, according to the Spanish labor ministry. IMF chief Christine Lagarde said in a conference in Spain on Monday that the Spanish economy, which started out from the fall for two years in the second half of 2013, has rebounded but this time the Spanish economy should focus on creating jobs. Lagarde asks Spain to reform the labor market by lowering the tax cost of hiring new workers. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 4, 2014 Author Report Share Posted March 4, 2014 News and Review of European Economic Zone (UK) Markit : Weather Delay Growth Factor UK Construction Sector Tuesday, March 4, 2014 Strong pace of growth in the UK construction sector slowed slightly last month , pressured by heavy rains and floods that have an impact on the construction of the house , according to a survey released on Tuesday . Construction sector PMI from Markit / CIPS fell to 62.6 in February from 64.6 in January , the highest level since August 2007 . Economists had expected the index to fall to 63 in February . Purchasing managers who took part in the survey said the weather factors that depress home construction which is still quite strong , but growing at the slowest pace in four months . In contrast, civil construction activity is at its strongest level since April 1997 , helped by an increase in spending by local governments in response to heavy rain . The rate of job creation is at its highest level in three months as 59 % of the construction company forecast a rise in output this year , compared with only 10 % who estimate the decrease in output . The construction sector covers about 7 % of UK GDP . Bank of England Governor Mark Carney has said the economy may experience a temporary setback caused by the rain and floods . The growth rate of the UK manufacturing sector grew slightly faster in February , according to a similar survey on Monday . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 5, 2014 Author Report Share Posted March 5, 2014 News and Review of European Economic Zone (Russia) Putin : Russia No Needs invaded Ukraine Wednesday, March 5, 2014 Diplomats from the U.S. and Russia will meet today to reduce tensions a day after Russian President Vladimir Putin said that he did not see any urgent need to invade Ukraine , while the Obama administration has threatened to give sanction . In his first public statement since the Crimean peninsula of Ukraine said territory controlled by Russian forces , Putin said yesterday that he has a duty to protect ethnic Russians in the region and is entitled to military action . President Barack Obama opposes Putin reason for intervention , as U.S. Secretary of State John Kerry launched a fund of $ 1 billion in loan guarantees to the Ukrainian government that is in crisis during a visit to Kiev . Kerry will bertemuan Foreign Minister Sergei Lavrov in Paris . "It is clear that Putin would give some rhetoric , " said Paul Denoon , who is an analyst at AllianceBrenstein Holding LP in New York yesterday . " But I do not think that he would sinyalkan latest direction in his intentions . We still think that there is still a risk of escalation . " Stock markets around the world rebounded yesterday after Putin expressing the optimism that the worst crisis between Russia and Western countries since the end of the cold war has subsided . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 5, 2014 Author Report Share Posted March 5, 2014 News and Review of European Economic Zone Business activity in the euro zone 's Strongest Level In 32 Months Wednesday, March 5, 2014 The private sector in the euro zone scoring busiest month in more than 2-1/2 years in February , beating previous estimates . Eurozone composite PMI by Markit rose to 53.3 in February from 52.9 in the previous month . Data PMI measures business activity among the thousands of companies and are considered as a good clue to the health of the economy . Results above 50 indicates expansion . Eurozone economy grows faster than expected in the fourth quarter of 2013 amid signs of narrowing the distance between the strongest and weakest countries in the region . Official data , released by Eurostat European statistuk office last month , showed the euro zone economy expanded by 0.3 % compared to the previous quarter , above analysts' estimates of 0.2 % . " The PMI data indicate that the euro zone economy grew at the fastest pace since June 2011 , kontraas the slowdown signaled by the release of data sebleumnya , " said Chris Williamson , chief economist at Markit . " However, diverging on the regional economy is still worrying , " he added . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 5, 2014 Author Report Share Posted March 5, 2014 News and Review of European Economic Zone (UK) Although Down , UK PMI Services Sector Welcomed Good Wednesday, March 5, 2014 The companies in the UK to hire employees with the fastest pace in at least 16 years last month , according to a business survey on Wednesday that showed strong economic growth has continued into the first quarter of this year . Although the service sector PMI from Markit / CIPS fell in February to 58.2 , the lowest level since June , from 58.3 in January , but the data still showed strong growth in companies ranging from banks to hair piñata despite the bad weather . Results above 50 indicates growth , which has now reached 14 consecutive months . The level of orders on the dominant sector of the economy grew faster and optimism about the next year rose to its highest level in 4-1/2 years . The composite PMI of manufacturing and construction sectors , which was released earlier this week , plus the service sector fell to 58.6 in February from 59.1 in January . However, the combined subindex indicates the rate of labor perutmbuhan fastest since at least January 1998 , when data recording starts . Overall, Markit said the data referring to the economic growth of around 0.7 % in the first quarter , the same as last quarter . " At the end of the good news has not been seen , " said Chris Williamson , chief ekonm at Markit . " With the level of business confidence in the service sector increased , the growth rate will go up in March , adds confidence to the estimates that the economy is heading in the best growth since 2007 , with a growth rate that can pass through an expansion of 1.8 % achieved last year . " Williamson said the performance is more impressive considering the bad weather in February which resulted in severe flooding in some areas . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 6, 2014 Author Report Share Posted March 6, 2014 News and Review of European Economic Zone (Italy) Italy Will Reduce Debt Difficulties Thursday, March 6, 2014 Italy, under the new government of Prime Minister Matteo Renzi, will face a big challenge to achieve strong growth and lower public debt, according to a report from the European Commission. Italy must solve the problem of high ratio of public debt and the country's competitive low levels compared to other countries. Both of these are mainly caused by low productivity growth. Italy's public debt rose to 2.07 billion euros, or approximately 132.6% of GDP in 2013. In 2012, public debt to GDP ratio of around 127% masoih. Italy is a country with a public debt to GDP ratio is the second largest among the 18-nation eurozone. The European Commission said that the high public debt burden is very heavy on the economy, especially in situations of weak growth and low inflation. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 6, 2014 Author Report Share Posted March 6, 2014 News and Review of European Economic Zone (France) French Unemployment Rate Dropped In Fourth Quarter Thursday, March 6, 2014 French unemployment rate fell in the final quarter of 2013. Insee reported the unemployment rate the second largest economy in the euro zone by 10.2% in the fourth quarter of 2013 from the previous quarter to a third of 10.3%. Replace Insee survey methods used to collect the data of unemployment rate, resulting in a downward revision to the current unemployment rate and earlier. Based on previous surveys, the unemployment rate in the third quarter of 2013 amounted to 10.9%. However, although the third quarter unemployment rate was revised down to 10.3%, but the figure is still menajdi the highest since 1999. French President, Francois Hollande, promised to lower the unemployment rate at the end of last year, but monthly data including January of this year have not shown a decrease in the number of job seekers. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 6, 2014 Author Report Share Posted March 6, 2014 News and Review of European Economic Zone (UK) In the UK House Prices Rise to Highest Level Since 2009 Thursday, March 6, 2014 Growth in house prices in the UK rose in February to the fastest pace in nearly five years as the strengthening of the economic recovery , which has been pushing for an increase in demand for property . Property prices rose as much as 2.4 % to an average of 179.872 pounds ( $ 301,000 ) , according to Halifax , a unit of Lloyds Banking Group Plc , in a statement in London today . It was the biggest monthly gain since May 2009 . From a year ago , prices rose as much as 10 percent . Housing sector to take advantage of the " improvement in the economic outlook , the unemployment rate fell faster than expected , the improved consumer confidence and low interest rates , " said Stephen Noakes , mortgage director at Halifax . " However , ongoing pressure on household finances , the estimate was widened constraint on the growth rate of house prices . " A widely recovery , government incentives and interest rates are at record lows have sparked resurgence in the UK property sector , with the data this week showed the number of mortgage approvals rose to its highest level since 2007 . This reinforcement will encourage the BOE to akhri support for home purchase loans and BOE chief economist , Spencer Dale said in an interview last week that officials remain vigilant in the face of the risk of overheating . In a period of three months to February , house prices rose by 2.1 % from the previous quarter , on show at today's data . From a year ago , house prices rose as much as 7.9 % in the three-month period . Shortage of homes that will be sold " also adding upward pressure on prices , " said Halifax . " While the question is reduced by the new buyer in January , this has been accompanied by a decrease in the number " of homeowners putting their property on the market , according to Halifax . The lender approves a loan for 76 947 homes during the month of January, compared with 72,798 in December , according to the BOE on March 3 . Demand largely driven by government programs known by the name of Help to Buy , which provide loan guarantees to those who can only afford a small down payment . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 6, 2014 Author Report Share Posted March 6, 2014 News and Review of European Economic Zone (UK) Allegedly Involved Currency Manipulation , BOE Employees Suspensions Thursday, March 6, 2014 Deviations can occur not only in private financial institutions . Institutions of the central bank was not necessarily free from manipulation , such as that experienced by the Bank of England recently . The Bank of England announced it had to disable an employee for his alleged involvement in a money market manipulation . Authorities did not name , position and type of deviation is doing , but the central bank claims the employees ' do not follow the rules of procedure ' . Bank of England emphasized that the state in question was unexpected because the results of the internal investigation has not found any indication of involvement . The team of investigators have studied about 15,000 emails and 21,000 recorded conversations with Bloomberg and Reuters financial media . A total telephone recording with a total duration of 40 hours also played one by one . " The results of the investigation so far does not indicate the involvement of our staff in the currency market manipulation activity by mode of dissemination of confidential information , " the central bank statement said . However, the authorities are committed to tighten access to employees with outside parties in any decision making . Comptroller in the UK , Europe , Asia and the United States is being aggressively conduct investigations to uncover manipulation action in the currency market , the turnover of funds reached $ 5.3 trillion per day . Internal and external investigations involving large financial institutions such as UBS , Deutsche Bank , Barclays and RBS . The Bank of England itself , based in London , shaft traffic exchange world . One mode is often uncovered irregularities in recent years is setting the London Interbank Offered Rate ( LIBOR ) , the benchmark used by banks to trade . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 7, 2014 Author Report Share Posted March 7, 2014 News and Review of European Economic Zone ECB's Mersch : Should the European Banking Sector " Cleaned " Friday, March 7, 2014 European banking sector must be cleaned and corporate access to capital markets should be improved in order to shore up the euro zone 's economic recovery accelerated while later , according to officials of the European Central Bank , Yves Mersch . Weak level of borrowing in the euro block is associated with a low level of demand at the moment, which is rather " weak phase of economic growth ," Mersch said in a speech in Munich on Friday . " But when economic growth accelerated again , we must be prepared on the supply side , " he said . To this end , Mersch said the European banking sector must be cleaned entirely , access to capital for the company to be repaired , and lending to small and medium-sized enterprises should be supported . In the banking sector , Mersch said next f2c4484d1c15f4ecbaecedaf049d7ea8 should be held throughout Europe . " In this case , the stress test , which coincides with the valuation balance sheet , should not be interfered with by the interests of his own country , " he added . It means " prudential filters " to mitigate the impact of the loss " must be introduced evenly and should not be subject to the discretion of state regulatory bodies " . Quote Link to comment Share on other sites More sharing options...
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