Tag: Europe
Gurria believes that Europe is now much better prepared to exit crisis
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, argued today that Europe is “much better prepared” than a year ago for a “final solution” of the economic crisis. “The union bank (within the EU) will happen sooner or later.’s On the table, is being discussed. Fill voids is and [...]
Sarkozy said that without reforms, France would be like Spain and Greece
French President Nicolas Sarkozy, candidate for reelection, has defended the economic reforms of his term because without them the country would be like Spain and Greece, and stressed that failure to strictly comply with the goals of deficit reduction, the types of debt will soar. “If we start hiring staff, if we spend, not that [...]
Ocampo demands a process “transparent” and criticizes the opacity of the U.S. candidate
The Colombian Jose Antonio Ocampo, presidential candidate of the World Bank today called for a process “transparent” and criticized not yet know the position of the candidate, the Korean-American Jim Yong Kim. “It would be important to have a public debate. I know and the opinions of Ngozi Okonjo-Iweala (third candidate), but do not know [...]
The euro fell against the dollar to its lowest for three weeks
The euro fell today to its lowest since three-week high above $ 1.30 by the worsening debt crisis and the euro area after the U.S. Federal Reserve (Fed) does not bring a new round of purchase debt. The single currency was trading at 16.45 hours GMT to $ 1.3062, up from $ 1.3117 the last [...]
ECB President urges to the governments to implement the labor market reforms
The President of the European Central Bank (ECB), Mario Draghi, today urged various governments in the euro area, such as Spain, Italy and Greece, to implement the reforms announced in the labor market. At a press conference, Draghi said that financial markets expect that the governments of some countries in the euro area implement reforms. [...]
Retail sales fell 0.1 percent in the eurozone and 0.4 percent in the EU in February
The volume of retail sales in February fell 0.1% in the euro area and by 0.4% across the European Union (EU) from the previous month, according to figures released today by Eurostat, the office Community statistics. In January, retail trade had experienced an increase of 1.1% in the euro area and 0.9% in the EU. [...]
The European Commission considers that Portugal will not need a second rescue
The European Commission considers that the current adjustment program and reform of Portugal “is sufficient” if the country applied to exactly the plan of the troika (EU, IMF and the ECB) may return to the markets in 2013 . The deputy head of mission to Portugal by the European Commission, Peter Weiss said in a [...]
The Ibex 35 maintains the 8,000 points after rising 0.43 percent in the session
The main indicator of the Spanish market, the IBEX 35, today defended the 8,000 points after rising 0.43% in the session, encouraged by the good manufacturing production data in the United States . The IBEX 35 is closed at 8,043 points, which means reducing the accumulated losses since the beginning of the year to 6.11%, [...]
New Record of Unemployment in the Eurozone, 10.8% in February
The unemployment rate in the euro area in February stood at 10.8% of the workforce, compared to 10.7% in January, setting a new record in 25 years, reported Monday the European statistics office, Eurostat. In total, 17.13 million people were registered in February in the unemployment rolls in the Eurozone, 162,000 more than in January [...]
EU calls for an increase of IMF resources after strengthening
Finance ministers of the European Union today sent a message in favor of increasing the resources of the International Monetary Fund (IMF) so you can support the euro area, and emphasized that Europe has already done its job. Finance Minister of France, François Baroin, appealed to the increase in IMF resources, which could be decided [...]
