News and Reviews European Economic Zone

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Carney : House Prices Is Biggest Risk UK economy

Monday, May 19, 2014

 

Bank of England Governor Mark Carney attempted to stop the sharp rise in house prices in the UK to refer to it as no.1 risk in the economy and provide a list of potential policy responses . In its latest warning on the property market , Carney said the central bank officials " can do more " to combat rising prices if needed . Options include imposing more stringent checks on the purchasing power of housing loans , limiting the type of loan or suggest that limiting government programs to Buy Help hers .

 

" These are all policy options and we will consider all of them , " Carney said in an interview . " The biggest risk to stability keuangna , and also the expansion , the risks centered on the housing market and that is why we focus on it . " Only four weeks before the Policy Council led by Carney met to discuss the housing boom , Carney getting a new incentive to take action today as Rightmove Plc reported a rise in house prices in England and Wales of 3.6 % , the largest increase since 2002 that pushed prices to a record high at 272.003 pounds .

 

The housing sector is the largest domestic concerns of the Bank of England is currently considering the economy is improving and inflation under control . Among other risks , Carney warned that the strengthening of sterling creates a " real obstacle " for exporters and the balance of British expansion , while warning lace recent financial market volatility can change sharply .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK House Prices Back Touch Record High

Monday, May 19, 2014

 

The high demand for a limited supply of homes while making house prices in the UK back to touch new highs in three consecutive months until May. The upward trend in house prices is likely to continue to rise in the inventory of homes for sale , especially in the London area and parts of southeast England .

 

Online estate agents , Rightmove said average house prices offered on the site this month increased by 3.6 % or £ 9,409 into £ 272,003 . Percentage increase was the highest since April 2002 , and if dibandingakn to May of 2013, house prices rose 8.9 % . While house prices in London reached a record high of £ 592,763 , an increase of £ 20,000 from April .

 

While the Bank of England Governor , Mark Carney , said the continued increase in house prices in the UK into the top list of the UK's economic recovery at risk disturbing . Carney said policymakers would likely do more if needed to stop the rise in house prices

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Cameron Will Consider Proposed Mark Carney

Tuesday, May 20, 2014

 

British Prime Minister David Cameron on Tuesday said he would consider changing the housing credit scheme ' Help to Buy ' if advised by the government -owned Bank of England . The central bank was looking for a new policy to control credit konstrksi lack of housing in the middle of a new home , according to BOE Governor Mark Carney at the end of last week in her loudest warnings about the risk of a bubble in the housing sector .

 

" That's right that we are aware of the dangers and problems of any kind, " Cameron said when asked about the recent rise in house prices . When asked whether the government would consider changing the housing loan scheme to Buy Help to reduce the upper limit of the loan , Cameron said " Of course . We will consider any changes proposed by Carney mark . " Program ' Help to Buy ' has enabled people to buy properties worth up to 600,000 pounds with a deposit as low as 5 % .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Inflation Rate Faster Than Estimated

Tuesday, May 20, 2014

 

UK inflation rate in April rose higher than expected , recovering from its lowest level in more than four years as the Easter holiday season push up the cost of the trip , according to government data on Tuesday . The consumer price index rose toward an annual rate of 1.8 % last month from 1.6 % in March , according to the Office for National Statistics . Economists expect the index to rise by as much as 1.7 % . Peawat ticket price increases and other transportation , including fuel price increases compared to a year ago , helped push the inflation rate rises in April .

 

Helped dampen the upward pressure is weak growth in food prices over the spring to make the price of vegetables fell , according to the ONS . Core CPI , which excludes food and other expenses , rose as much as 2.0 % , the fastest pace since September last year . House prices rose as much as 8.0 % to an annual rate in March , down from an increase of 9.2 % in February , according to the ONS report . House prices in London rose 17 % year on year , lower than the increase of 17.8 % in February which is the largest increase since 2007.

 

Bank of England Governor Mark Carney on Sunday said that the housing market poses a major risk for the economic recovery of the UK . The low consumer price index in the UK to help the BOE as signaling the central bank will keep interest rates at a record low 0.5 % , despite economic growth of about 3 % to touch this year . Prior to December last year , the annual inflation rate exceeded the central bank's target of 2% for each month since December 2009 , eroding the purchasing power of British society .

 

Last week , the BoE said that the inflation rate has been weighed down by the appreciation of the pound , is likely to stay below the target in 2 years time . The rate of growth in prices helped slow to recover since the wage rate fell during the financial crisis . Average weekly earnings rose as much as 1.7 % in the first quarter . Data released in conjunction with the CPI by the ONS on Tuesday showed that factory gate inflation flat in April compared with March and rose as much as 0.6 % to an annual rate . Both are slightly below economists' estimates

[mynameisandhy]

News and Review of European Economic Zone

 

Consider ECB To Adopt Determination Time As Fed Policy

Tuesday, May 20, 2014

 

European Central Bank is considering to hold a meeting to set interest rates once every six weeks , instead of monthly , according to three sources that know the discussion .

 

Extend the period for deciding monetary policy can help the ECB to agree and publish minutes before the next rate -setting session , the speaker said , who asked not to be published because the plan is still under discussion . Scheduling will resemble the U.S. Federal Reserve , which sets meeting eight times a year and publish the results minutesnya three weeks after the meeting .

 

ECB President Mario Draghi last month gave the signal that he wants to reduce the frequency rate of interest rate decisions and increase the transparency of the process over plans to curb speculation policy makers . Frankfurt-based institution that is trying to hone his communication strategy while guiding the 18 countries in the euro area to recover gradually from the background of a prolonged period of low inflation .

 

" It's very clear that the level of frequency of public meetings and we have guided the market expectation of our actions , " Draghi said on 24 April in Amsterdam . " Taken together with the publication of minutes and with the need to avoid increasing the noise in the market in the run short , I think the Governing Council may consider to think of the number of frequencies . "

 

ECB spokesman refused to give any comments on the meeting schedule or plan for the publication of minutes .

 

The informant did not say when the ECB will decide to revise the schedule . Der Spiegel reported on May 18 that the central bank may cut the amount of interest rate -setting meeting for at least three times a year .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Results BOE Minutes Boost Sterling Performance

Wednesday, May 21, 2014

 

The pound rose for a fifth day against the dollar after the release of minutes from the Bank of England policy meeting in May which indicates that there is still an argument for higher interest rates and retail sales data which surged in April .

 

Sterling rose against all but one of the 16 major currencies . Currently the BOE monetary policy committee showed unanimous vote to keep interest rates at the level of 0.5 % this month , the policy decision to be " more balanced " for some of the nine members of the BOE , show the results in minutes . Bank of England Charlie Bean said yesterday that policy makers will face a potential " problem " when it comes time for them to end stimulus measures this extraordinary .

 

" At the moment the market may have become accustomed to a strong UK data , the potential for greater market movement will likely shift to the voice of the BOE , " said chief analyst at BNP Paribas SA , Steven Saywell in London , before the release of minutes .

 

The pound is up about 0.4 % in the range of $ 1.6900 at 16:23 pm after hitting $ 1.6921 , the highest level since May 9. Sterling rose by 0.3 % to 0.8112 per euro , after touching 0.8103 , the strongest level since January 2013 ,

 

Retail sales including fuel for vehicles rose by 1.3 % in March , when the previous period on revisions to rise 0.5 % , in the report by the Office for National Statistics said today in London , the results exceeded estimates to rise 0.4 %

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK Retail Sales Grow At 6.9 % Annual Speed

Wednesday, May 21, 2014

 

UK retail sales could grow at an annual pace strongest in nearly a decade in April following an increase in trade during the Easter holiday , which supports expectations the Bank of England that the UK economy will grow 3.4 % this year .

 

Report of the Office for National Statistics on Wednesday showed retail sales rose 1.3 % in April after rising 0.5 % in March . At the annual level , retail sales grew 6.9 % in April from 5.2 % a year earlier . These figures broke expectations for an increase of 0.5 % and 5.2 % monthly rate for an annual rate .

 

The ONS also reported that retail sales over the period of 3 months to April grew 1.8 % compared to the 3 -month period to January .

 

Details of this report shows the increase largely due to strong sales in food stores , with seasonal promotion program managed to attract more buyers .

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Zone Current Account Surplus Shrinking In March

Wednesday, May 21, 2014

 

Euro zone current account surplus narrowed in March, the data in the show by the European Central Bank on Wednesday.

 

Current account (current account), which is a measure widely on international economic and financial position, the adjustment decreases the surplus to 18.8 billion euros ($ 25.8 billion) in March, after a surplus of 21.8 billion in February.

 

For the 12-month period ending March 2014, the accumulated surplus equivalent to 2.5% of Eurozone GDP, higher than the 1.8% in the 12 months ending March 2013.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

UK GDP report Stop Five Pound Rally Last Day

Thursday, May 22, 2014

 

Pound gains stop for five days against the dollar after a report showed first -quarter GDP according to economists 'estimates and the UK deficit exceeded analysts' estimates in April .

 

Sterling weakened against 14 of 16 major currencies as data from the Office for National Statistics in London showed the economy grew by 0.8 % in the three months to March , there is no revision from the initial estimate . Total net borrowing last month was 11.5 billion pounds ( $ 19.4 billion ) compared with 9.5 billion pounds a year ago , on show in a separate report .

 

The pound slipped by 0.2 % to $ 1.6870 at 16:25 pm after rising by 0.8 % in the five-day period . Sterling fell by 0.1 % to 0.8108 per euro , after depreciating to 0.8086 yesterday, the strongest level since January 2013 .

 

The UK currency has appreciated by 10 % in a period of 12 months , this is the strongest performing currency among 10 developed -nation currencies followed by Bloomberg Correlation-Weighted Indexes . The euro rose by 4.1 % , while the dollar fell by 2.8 %

[mynameisandhy]

News and Review of European Economic Zone (France)

 

French business activity contracted in May

Thursday, May 22, 2014

 

French business Aktiivitas surprisingly contracted in May , becoming the first time in three months , adding to signs of economic weakness in Europe is the second largest in the second quarter .

 

Markit released data akltivitas French manufacturing index amounted to 49.3 lower than estimated in April at 51.1 and 51.2 . While sector activity index of 49.2 is lower than the estimate of 50.3 and 50.4 in April . A reading below 50 indicates contraction .

 

Low levels of consumer and business investment belana in France made ​​the French economy stagnated in the first quarter of this year .

 

The level of business confidence in the manufacturing sector , also reported decreases , suggesting businesses are less sure of their activities over the coming months . Insee level of business confidence index released this month at 99 , down from 100 the previous month . Ekonm previously estimated level of business confidence remained at 100 .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German economy Maintain Momentum

Thursday, May 22, 2014

 

Maintain the momentum of economic growth in Germany this month, with the service sector activity shot at the fastest pace in almost three years, offsetting a slowdown in the manufacturing sector.

 

Markit released data on business activity in Germany in May last level of 56.1, approaching the highest level in the last three years. Markit also said the decline in activity in the manufacturing sector, does not change the outlook for growth "solid" German economy this quarter.

 

Index of manufacturing activity fell to 52.9 in May, below estimates of 54.0 and 54.1 the previous month sebsar. While the index of service sector activity rose to 56.4 in the above estimates of 54.8, 54.7 and sebesat April.

 

German economy in the first quarter grew by 0.8% from the previous quarter, the above estimates of 0.7% and lead euro zone economic recovery.

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Main drivers of UK consumer Economic Recovery

Thursday, May 22, 2014

 

UK consumers are the main drivers behind the growth of the British economy at the beginning of this year , continuing the trend after they led recovery in 2013 .

 

Consumer spending rose by 0.8 % in the first quarter , this is an increase of 10 times in a row , adding 0.5 % to GDP . The economy grew by 0.8 % in the period, up from 0.7 % in the fourth quarter of 2013 , in the report by the Office for National Statistics . Business investment increased by 2.7 % , after a rise of 2.4 % in the previous quarter .

 

" It's a bit of a surprise given that consumption is still a major driver for growth in production , but the increase in business investment is the biggest plus and helps give the impression of widespread recovery , " said David Tinsley , an economist at BNP Paribas SA in London . Other evidence suggests that " GDP growth in the second quarter to exceed the first quarter . "

 

Britain's economic recovery has left a GDP of just under 0.6 % of GDP which is at its peak in the first quarter of 2008 . Improvement is stressed by the data yesterday that showed retail sales were better than analysts expected in April .

 

Bright outlook also has an impact on the Bank of England , which some policymakers moved closer to calling for a rate hike . Latest Minutes of Committee policy makers ( MPC ) , which was published yesterday , showed the opinion to the higher interest rates will be " more balanced " for some of the nine members of the panel .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

IFO : Business Confidence in Germany Decline In May

Friday, May 23, 2014

 

German business confidence levels are below economists' forecasts amid signs of growth in the country with the largest economy in the euro zone will slow in the current quarter .

 

Business climate index from the Ifo institute , which conducted a survey of 7,000 executives , dropped to 110.4 in May from 111.2 in the previous month . Economists had predicted to decline to 110.9 , according to the median estimate of 38 economists surveyed by Bloomberg .

 

Germany is the key to the recovery of the 18 - nation euro zone , which is struggling to improve its recovery amid unemployment near record highs and weakening consumer prices . Data today showed that the German economy in the crutch exclusively by domestic demand in the first three-month period this year , and the Bundesbank said that the expansion will subside in the current quarter .

 

" Exports will probably slow , but it is not a problem as we have the strong domestic demand , " said Ulrike Kastens , senior economist Sal . Oppenheim Group in Cologne . " The euro zone is divided , with strong signals from Germany and Spain , while France and Italy are still cause for concern . "

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

S & P Raises Rating Debt Spain Becomes BBB

Friday, May 23, 2014

 

Spain 's credit rating was raised one level to BBB by Standard & Poor's , which also raised its forecast for Spanish economic growth . Oultook for the rating is stable , S & P said in a statement today , after it raised the rating for the first time since the decline of Spanish -owned AAA rating in 2009 . Previous Spanish credit rating is BBB - , which is one level below the junk . The move follows a similar move last month by Fitch Ratings and Moody 's Investor Services in February.

 

The rating agencies are becoming more confident in the ability of Spain to pay their debts this year after Greece out of the EU bailout program that was forced to be taken in the year 2012 . Yields on Spanish bonds has fallen to a record low in the middle of the rally which also has brought investors back to Ireland , Portugal , and Greece , indicating that Europe's debt crisis is over .

 

" This indicates our view upgrade over kompetitifitas improved economic growth and structural reform efforts result seibagai Spain since 2010 , " said S & P. " Given the impact of these reforms and our expectations that monetary policy in the euro zone will remain very accommodative , we have revised the projected average GDP growth for the year 2014-2016 to 1.6 % Greek economy from 1.2 % . "

[mynameisandhy]

News and Review of European Economic Zone (Greece)

 

Fitch Upgrades Greece Credit Rating

Friday, May 23, 2014

 

Greece's credit rating was raised by 1 level by Fitch Ratings , related economic and fiscal outlook for the state that caused the Eurozone debt crisis . Greece's credit rating was raised to B , five levels below investment grade , from B - , Fitch said in a report . This upgrade may be announced tomorrow . " Greece achieving a primary surplus in the balance of government finances in 2013 , an important target in the program EU- IMF aid and perform well associated with the budget , " Fitch Ratings said in a statement .

 

Greece will hold elections of the European Parliament and the local and regional elections second round on Sunday following the first Greek bond auction in 4 years . Greek debt crisis that started in Europe in 2009 and then released when the budget deficit soared over more than 15 % of GDP , will return bertumbuha after contraction for 6 consecutive years , Fitch said .

 

"The economy has begun to rise , " said Fitch . " Positive economic data released , and reinforce our expectation that the recovery will take place in stages this year . "

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Euro Restlessness Awaits Draghi 's speech

Monday, May 26, 2014

 

The euro slipped in early session Monday , while other major currencies traded steadily as the result of the presidential election in Ukraine and voting for the European Parliament greeted calmly by investors . Euro scored the biggest deterioration for a period of 3 weeks since last November amid concerns by the party skepstis against the euro in the European Parliament will prevent the central bank efforts to prop up the region's economic recovery . Common currency of the 18 European countries touched a three -month low ahead of a speech European Central Bank President Mario Draghi at a forum in Lisbon , Portugal today , amid speculation the ECB will add stimulus next month .

 

The market is expected to tend to slack on Monday with U.S. markets closed for Memorial Day , while in the UK market will be closed related to the Spring holiday . The euro traded around $ 1.3620 area as compared to approximately $ 1.3631 near Friday's close . The euro briefly turu to lvel low of $ 1.3614 , which had not been touched since mid- February. Against the yen , the euro was also slightly lower at 138.80 . The euro has fallen more than 2 % against the greenback since May 5 amid growing speculation that the European Central Bank ( ECB ) will ease policy next month .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Sterling Rise in Early Week

Monday, May 26, 2014

 

Sterling traded higher against the dollar earlier this week, but moved in a narrow range following a holiday in the UK market and the U.S. market. Sterling slipped two consecutive days earlier against the dollar terpa result in profit taking following the release of UK GDP data showed no change in the second measurement from the first measurement, as well as a larger fiscal deficit than economists estimated.

 

Deputy Governor of the Bank of England, Charlie Bean, the Bank of England signaled that the likelihood could raise interest rates sooner than it should. Bean said the central bank plans to raise interest rates gradually, and need to be careful to avoid errors, but should also be done earlier if not the BOE will be considered missed.

 

GBPUSD is currently diperdagangakna in the range of 1.6844 to 1.6825 daily lows and highs 1.6852.

[mynameisandhy]

News and Review of European Economic Zone

 

Draghi : ECB Ready to Take Action Related Risks Inflation

Monday, May 26, 2014

 

European Central Bank ( ECB ) alert to the risks posed by low levels of inflation , and should be ready to take action if the price risks associated with weak growth in the euro zone enlarges , the ECB president said on Monday . " Currently , our expectation is that the low inflation rate will last long but gradually returned to the level close to 2 % . Our responsibility is to be aware of the risks that may arise over the scenario and prepared to take action , " said Mario Draghi , President of the The ECB said in a statement at a conference in Lisbon, Portugal .

 

Eurozone inflation rate rose in April , but remained below expectations , put pressure on the ECB to stimulate the economy . Consumer price inflation rose only 0.7% year-on -year in April , scoring the rise of low -level 52 -month in March to 0.5 % .

 

" Interest rates will probably confound negative expectations of inflation . And according to our international experience these changes can occur quite quickly , especially if the goal of monetary policy is not clear , " he said . Developments in the exchange rate , yield , or yield capital markets and monetary tightening financial conditions will probably require penyesuasian of conventional instruments of the ECB , Draghi said . However, downward pressure on inflation or inflation expectations by prolonged central bank can lead to a more expansionary measures , which are in the context of the asset purchase program at large, he said .

[mynameisandhy]

News and Review of European Economic Zone

 

Draghi : Inflation Low Can Postpone Consumer Spending

Tuesday, May 27, 2014

 

European Central Bank President Mario Draghi on Monday said that he saw the above risk estimates for ultra-low inflation will be more rooted in the Euro zone and it may spur consumers and businesses to delay purchases , this is the latest sign that the ECB is ready to take pelongaran fresh action when they meet next week .

 

Draghi 's comments , which share at the ECB conference in Lisbon, Portugal , signaling that the ECB is considering various measures ranging from cutting interest rates for bank loans or buying new assets broadly to keep inflation which is currently very low which could undermine the recovery in new euro zone rose .

 

" What do we really watch out for now is the potential for a negative spiral for grasping between low inflation , inflation expectations and credit decline , particularly in countries that are under pressure , " said Draghi .

 

" There is a risk that the estimates will disinflation will persist " and led to the household sector and the company will delay purchases and investments " in the classic cycle of deflation , " said Draghi . " We have not given up to allow for inflation at a low level for a long time , " he said .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

Optimism Industrial Services UK Rise to Record High

Tuesday, May 27, 2014

 

The level of trust services company in Britain rose to a record high this quarter , indicating continued expansion in the bulk perkeonomian , according to the Confederation of British Industry . Consumer confidence index businesses such as restaurants and hotels jumped to 53 from 43 , the highest result since the survey started in 1998 , according to the CBI today . Sentiment index in professional service firms , such as accountants and law , up to 54 , which is also a record high .

 

These results demonstrate the strength of the industry that covers about 75 % of the economy after the household , a major driver of economic growth in 2013 and the first quarter of 2014 . Gross domestic product grew 0.8 % sebeasr in the first quarter , with consumer spending contributing around 0.5 % . " With the projected growth for the full sethaun , service sector companies are more optimistic than the days of long ago , " said Katja Hall , CBI Deputy Director -General . "The recovery continues to strengthen the company's consumers and businesses increase the number of employees and invest . "

[mynameisandhy]

News and Review of European Economic Zone (Italy)

 

Italy Consumer confidence soars in May

Tuesday, May 27, 2014

 

Italian consumer confidence continue to rise, and touched the highest level in more than four years in May, as households maintained optimism about the future of the country's economy, according to the statistics agency Istat reported Tuesday.

 

Istat report showed Italian consumer confidence index jumped to 106.3 in May from 105.5 in April, with April figures were also revised slightly higher. The increase in May this phase extend rise to 3 months in a row.

 

Istat also said that households, which in Italy tend to have low debt burden and great savings, expressed stronger sentiments about the economic situation and personal expectations.

 

"The survey was fueled by increased economic sentiment," said an Istat official, adding that the figure amid the economic outlook at the highest level since March 2007

[mynameisandhy]

News and Review of European Economic Zone (Spain)

 

IMF : Spain Still Needs Monetary Easing

Tuesday, May 27, 2014

 

The International Monetary Fund on Tuesday said that the recovery of the Spanish economy still likely to continue in the medium term , however, further easing of monetary policy by the European Central Bank may be required to push the demand is still fragile .

 

" Strong policies implemented by European countries Spain will help partners better recovery in the Euro area and Spain , " according to the IMF in its latest regular report .

 

The IMF report is in line with reports of growth of some previous international institutions , such as the European Commission and the Organization for Economic Cooperation and Development ( OECD ) , which praised the economic reforms Spain recently . 4th largest economy euro zone was judged to have demonstrated one of the strongest recovery among other countries following the blow of recession since 2008 until last year .

 

However , like other institutions , the IMF also emphasized that policy makers should make more efforts to ensure that soaring unemployment rate can drop significantly .

[mynameisandhy]

News and Review of European Economic Zone

 

Euro Towards Largest Monthly Decline In 4 Months

Wednesday, May 28, 2014

 

The euro was heading for the biggest monthly decline in four months on speculation the European Central Bank will add to monetary easing at its policy meeting next week . Dollar spot index to the first monthly gain since January ahead of U.S. data tomorrow forecast to show the number of jobless claims decreased last week , amplifies the signal of recovery in the U.S. pharmaceutics . While the New Zealand dollar weakened against all major currencies as membutuknya business sentiment .

 

" Any increase will be directly exposed to the euro sell-off , " said Naohiro Nomoto , peer currency trading at Bank of Tokyo - Mitsubishi UFJ Ltd. . in New York . " Nowadays it's hard to see how big the market anticipation of the easing of the ECB . "

 

Projection ECB will cut interest rates to trigger inflation has pushed the euro to a three -month low this week . 23 of 39 economists surveyed by Bloomberg News predicted the central bank will cut interest rates from 0.25 % at the meeting on 5 June. " What should we pay attention to the moment I think is the potential for a negative pressure in a low inflation rate , the decline in inflation expectations and borrowing , and especially in the distressed countries , " ECB President Mario Draghi said on May 26 last .

[mynameisandhy]

News and Review of European Economic Zone (UK)

 

BOE Governor slams rise in the Money Market Scandal

Wednesday, May 28, 2014

 

High official monetary institutions began stifling banking agents with activity that often deviate from the rules . Although it has gone through a crisis , bad tempers businesses in the financial sector has not changed .

 

Governor of the Bank of England ( BOE ) , Mark Carney , calling for the financial industry radically change their behavior . The leader of Britain 's monetary authorities worry the market by government enforcement efforts become useless if the banks and bankers who work in them are reluctant to abide by the rules .

 

In a speech in Capitalism Conference , London a short while ago , Carney condemned the various scandals that occurred in the financial sector . " Shameful action in the currency markets and commodities suggests that there must be change , " he said . Speaking on behalf of the central bank , Carney asked the banks to create a climate conducive transactions . What's more , most of the giant banks in Europe and the UK never enjoyed public money through the bailout package during the crisis first . He also deplored the involvement of its staff in action currency scandal last March and was determined to investigate the case by hiring a law firm from the outside .

[mynameisandhy]

News and Review of European Economic Zone (Germany)

 

German Unemployment Increases in May

Wednesday, May 28, 2014

 

The number of unemployed in Germany unexpectedly grew for the first time in the last six months , signaling the possibility of a slowdown in Europe's largest economy .

 

The Federal Labor Agency said the number of people who do not work to increase 23 937 people became 2,905 million . Added the outside eskpetasi 15,000 decline economists . While the unemployment rate remained at 6.7 % , the lowest level in more than two decades .

 

The level of German business confidence fell this month due to fears of economic slowdown in block 18 European countries , which is Germany's largest export market . The euro zone is struggling to maintain its economic recovery . Eurozone economy in the first quarter of this year grew only by 0.2 % , weighed down by stagnant economic growth in France and Italy were re- entering recession . While the German economy managed to grow by 0.8 % in the first quarter , but the Bundesbank estimates that German economic growth in the second quarter will be lower than the first quarter