Greece has given a referendum on the European scheduled for early December. But what would happen if the country went completely in the euro area? Let us go further. Imagine that Greece is no longer part of the euro area in the coming months. Output desired by some but feared by others. This scenario unthinkable a few weeks [...]
The business service firms in the euro zone shrank more markedly than expected in October, the debt crisis has sealed new business, increasing the risk of another recession Friday show monthly PMI surveys. The debt crisis, which hurts companies in the euro area, has experienced dramatic new twists in recent days with the political crisis [...]
Job creation has slowed sharply in the United States in October, but this did not prevent the unemployment rate to fall slightly, according to official figures released Friday in Washington. The U.S. economy created more jobs that ‘it does destroy the thirteenth consecutive month, and the net hiring of the country stood at 80,000 jobs, [...]
MILAN (Italy) – The market pressure has increased on Thursday Italy whose rates have soared to a new record despite the adoption of measures by the Berlusconi government, a sign that investors doubted more than ever on its ability cope with the crisis. Just before the G20 in Cannes (south-eastern France), Italian interest rates have reached [...]
Here is the transcript of what were said to the leaders of the twenty largest economies in the world at the first G20 meeting Thursday, November 3, at Cannes. President Barack Obama expressed concern inside the G20 risk of contagion of the Greek crisis to larger countries, which would make the situation unmanageable.“Although Greece is [...]
The index futures predict a further increase in the equity markets today. Investors seem to bet on a fall of the Greek government which could cause an abandonment of the proposed referendum. Indeed, the desire of Athens to launch a referendum on the introduction of the austerity plan intended by the European Union had caused a large [...]
The darker the less unfavorable, here are the possible scenarios for Greece and the euro area in preparation for the referendum on the rescue of the country. The announcement of the holding of a referendumon the implementation of bailout European Greecehas been a bombshell. And for good reason, while the euro area is in search of stability to control its [...]
The United Nations Development Programme (UNDP) has published a ranking of countries according to income, health and education, on Wednesday. France is in twentieth place. Poverty declined in the world. This is the main lesson of the last report of the United Nations Development Programme entitled “ Sustainability and Equity: a better future for all “ . Based on [...]
Designed with Toyota, the new Japan-Japanese cut shows the colors of this concept car Subaru STI BRZ, the eve of the 2011 Los Angeles Auto Show. Sister of the Toyota version 86, the BRZ Subaru STi precursor model (sports) as standard. For waiting This concept car is the production version of 95%. Unveiled as part of the Los [...]
China is considering investing 50 to $ 100 billion in emergency funds in the euro area, says the Financial Times. According to economists the Middle Kingdom has about 3200 billion in foreign currency, including 500 billion of European debt. China might be willing to contribute between 50 and 100 billion in EFSF (European Financial Stability Fund) [...]
