The Dow is back above the 12,000 points mark, in which it evolved since early August. Reassured by the agreement reached within the euro area, Wall Street offered a sharp rise at the opening on Thursday. Investors are looking particularly banking stocks, earning up to 9%. In addition, the GDP figures for the third quarter américéin have [...]
The German government has significantly lowered its growth forecast Thursday for next year, 1% against a previous estimate of 1.8%, announced the Ministry of Economy. The figures, which had already filtered Wednesday, reflecting particularly the darkening of the situation weighed down by the debt crisis that has shaken Europe. Growth will stand at 2.9% this [...]
A new bill to finance amendment to 2011 was examined on Monday by the Cabinet, to include the cost to France of the second aid plan for Europe to Greece. The text will be submitted to the National Assembly on September 6 and 7 in the Senate. A draft supplementary budget 2011 (RFLP) closes, another [...]
France will have to specify the action and use all sorts of revenue to achieve its goal of reducing deficits and debts provided for 2011-2013, says the European Commission published a series of recommendations for each of the 27 Member States. After a deficit of more than 7% of GDP in 2010, the stability of [...]
Senator Philippe Marini believes that the growth envisaged by the government for 2012 is “overly aggressive ‘. An optimism that could cost between 6 and 10 billion euros to France. “The time has come to fight denial of reality.” Words are the centrist Jean Arthuis, who chairs the Finance Committee of the Senate Building. During a joint press [...]
After the announcement of the financial rating agency Standard & Poor’s, Wall Street ended down 1.14% Monday, April 18. NEW YORK CORRESPONDENT – And now, what impact will the warning shot of the financial rating agency Standard & Poor’s (S & P)? Evoking, Monday, April 18, the possibility of lowering the “stable” to “negative” the outlook for the [...]
WASHINGTON – The International Monetary Fund on Tuesday was less optimistic about the fiscal deficit of the French government led by Nicolas Sarkozy, saying that the electoral timetable is not fit for unpopular measures. In his monitor public finance biannual international institution makes projections that are inconsistent with those given by the Minister of Economy [...]
The unemployment rate in Greece has increased again in December on a year to 14.8% versus 10.2% a year earlier. This is the highest level in at least five years, particularly affecting nearly 15-24 40% are affected, said Wednesday the Greek Statistical Authority (ESA). In November, unemployment stood at 13.9% of the country’s workforce. The [...]
The Irish bank nationalized Anglo Irish Bank, the heart of the financial and budgetary crisis that has rocked Ireland, announced Tuesday that it expected a new record annual loss, due to its mountain of risky loans, while the Government prepares its dismantling. Anglo Irish, who had already suffered a record loss of 12.7 billion euros [...]
TOKYO - The Standard & Poor’s lowered the credit rating Thursday from Japan to AA-by fears about sovereign debt, which provides increased more than expected. S & P predicted that Japan’s fiscal deficit will remain high in coming years, thereby reducing the government’s fiscal flexibility. Tokyo will have difficulty controlling their debt as persistent deflation and [...]
