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Economic & Financial Policy News
EU eyes excessive deficits BRUSSELS officials have piled pressure on European Union governments to put their public accounts in order on 7 October by initiating excessive deficit procedures against Germany and eight other member states.
According to the European Finance ministers debate post- recession exit strategies  THE European economy will need propping up well into 2010, but ballooning budget deficits should be deflated as soon as the recovery is consolidated, possibly by 2011, European Union finance ministers said on 1 October.
“It EU dairy farmers call from Paris for a strike Milk farmers from eight European countries said after a meeting in Paris that they were prepared to strike to press their demands for higher prices and a cut in milk production quotas. The current European Latvia promises tough measures at home to get EU rescue  With his country reeling and on the verge of becoming the next Iceland or Argentina, two countries whose economies collapsed and needed international bail-outs, Latvian Prime Minister Valdis Dombrovskis came to Brussels to meet European EU gives Zimbabwe’s poor 8 million ways to live  The European Commission decided to provide Zimbabwe with the financial support of eight million Euro for vulnerable people affected by the breakdown of essential health and water supply services to survive.
“The new Unity Government Almunia says EU’s banks need a stress test too  European Union governments should stress test their banks so as to ensure that they can withstand one of the bloc’s deepest and longest recessions in decades, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said IMF tells Europe to gets its stimuli act together Europe remains in the grip of a deep recession, with the region’s economic growth expected to fall by 4.2 per cent this year, the International Monetary Fund (IMF) said in its Spring Regional Economic Outlook. These are hard new times for beleaguered Hungary  Hungary’s new Prime Minister Gordon Bajnai, taking over from the previous politician Ferenc Gyurcsany, who had headed a minority Socialist government for one year after the opposition Free Democrats quit his coalition, has introduced in Solving the EU’s recession isn’t easy  Greece’s Minister of Economy and Finance Yiannis Papathanasiou was in Brussels last week to attend meetings and seminars of his peers and financial analysts and economists to explain how their countries are handling the recession EU expects recession until 2011, but then recovery If you can wait two more years, the worst of the recession will be over, as European Union officials said there won’t be a recovery until at least 2011, with the bloc’s economy set to The recession’s winning, so EU Central Bank cuts rate yet again  Down for the count, the European Central Bank (ECB) cut borrowing costs by one-quarter percent to an historic low of one percent and adopted new monetary tools while leaving the door open to more rate More EU banks follow the leader, cut their rate The central banks of Norway, Iceland and Denmark have also cut their interest rate to combat the recession, following the European Central Bank. The Norwegian central bank lowered its lead rate a further 0.50 percentage Inflation worries, but optimism that recovery looms Economic confidence in Europe bounced back in April, according to key report released early last week, adding to hopes that the region might now have passed the trough in the current downturn, although the European Brussels sets 5 billion Euro bail-out for Romania The European Union’s executive has formally called on the bloc to offer Romania a five billion Euro bail-out to save it from financial collapse. The hand-out, part of a 20 billion Euro deal agreed in The deflation in Spain falls mainly on the plain According to recent data released by the Instituto Nacional de Estadistics, consumer prices in Spain last month fell for the first time in almost 50 years. Reflecting change in year-to-year prices for the month of The economic blues go on as the slump gets worse  Despite some indicators, including rises in stock markets, that things are getting better, the worldwide recession hasn’t eased its grip and the slump in the Eurozone has worsened, economists from three nations said. “Despite the Predicting the next growth period Contradicting statistical evidence on the economic performance of the Eurozone gave a series of “Scottish showers” to markets last week. On the good side, it was the indices of economic activities in March presented by The true nature of the stock rally The rally of stock prices, in practically all the bourses of the world, that started in early March and still goes on - but with less dynamism - has created a heated discussion about its This week: poor funds and emerging economies  If ever there was a measure of a boom in financial services it must be the growth of investment funds. Since 2002 there was a rise of 31.6 percent to a huge 32,941 funds in Cleaning up banks EU’s last best hope, IMF says Europe must do better in cleaning up its banking sector should the continent have any hopes for recovery from a devastating recession, the International Monetary Fundwarned amid signals that some of the continent’s economies may |
EU-Russia energy game EU budget: Naming and Shaming of Member States allowing fraud A message for Turkey: tear down Cyprus’ wall now! India says global warming is not to blame for Himalayan glacier melt A misled Merkel takes a swipe at GM over its Opel U-turn Lesbian Bisexual Gay and Transexual (LBGT) organisations across Europe cooperate under the umbrella of the International Lesbian and Gay Association This coming Thursday evening, November 19 during the “Last Supper,” the 27 heads of the EU Member States will decide The end of World War II found the United Kingdom winners, but literally bankrupt. The After months of networking, secret briefings, it seems that the candidates for the Council President In a meeting in Washington with the current Swedish Presidency of the European Union, US President Barack Obama said that As the United States and NATO have urged European countries to take a bigger role Europe must step up its efforts in Afghanistan if it wants to avoid straining relations Six months after they met in London and established a $1.1 trillion-dollar support package for As the first top British diplomat to visit Moscow in recent five years, British Foreign Secretary David Miliband wrapped up Despite French carmaker Renault’s earlier statement that it will not invest any more money in The United States and Russia on 9 November began another round of talks over nuclear Russian Prime Minister Vladimir Putin said the government will continue to adopt measures to better The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, and the EU’s Chamber of Showing there is still some major differences between the European Union and China in areas Just as the 60th anniversary of the founding of the People’s Republic of China passed |
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