The second austerity plan presented Monday by François Fillon make an additional effort of 7 billion euros in 2012. Which 4 billion at the expense of consumers and taxpayers. “The word bankruptcy is no longer an abstract word,” warned Monday Francois Fillon, in the prologue of his presentation of a new austerity plan for the future. The [...]
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 Central Bank of the United States (Fed) was held Wednesday in Washington, where it should confirm to the mid-day the course of monetary policy accommodative ultra-before released new economic forecasts for the country lowered. The Monetary Policy Committee of the Fed (FOMC) should publish a statement around 12:30 pm reporting of its decisions after two [...]
“The contraction in manufacturing activity in the Eurozone accelerated in October,” is the title of the latest survey by the Markit Economics published on Wednesday. The final sector PMI stood below the 50, boundary between the zone of expansion and contraction, and this for the third consecutive month to 47.1 against 47.3 in the flash estimate. This [...]
The New York Stock Exchange opened down Friday, hit by a series of gloomy economic indicators, the United States but also in China and Europe: the Dow Jones lost 1.32% and the Nasdaq 1.64%. Towards 1:40 p.m. GMT, the Dow Jones Industrial Average 146.75 points to 11,007.23 yielded points and the Nasdaq, dominated by technology, [...]
This is the car club shows in its annual report today. In 2010, an average driver has seen his car expenses increase by one percentage point higher than inflation. It is of course the price of fuel, the primary cause of rising prices: the price of a liter of super rose by 11.3% and that [...]
The yellow metal touched the 1500.70 dollars in Hong Kong Wednesday.His role as a safe intensifies as inflation and pressure on European and American debts are increasing. It was the next level to reach for gold. The 1500 dollars, a level ever recorded for the yellow metal, have been hit on Wednesday in Asian trading. At the [...]
The Euribor, the main indicator that is referenced mortgages in Spain, has picked up fifteen thousandths and has placed its daily rate at 2.057%, after the European Central Bank (ECB) on Thursday climbed interest rates to 1.25 % and open the door to further increases in the future to curb inflation. The Euribor, which had [...]
Nothing seems to keep the European Central Bank (ECB), worried about the inflation level in the euro area, in increasing its interest rate Thursday for the first time since July 2008, say economists. Michael Schubert of Commerzbank said, “Recent statements by ECB officials leave no doubt about it.” Japanese tragedy and the continuing unsteadiness in [...]
Faced with higher prices of commodity including oil, the government raised its forecast Tuesday for inflation in France this year, confirming fears of households see their purchasing power eroded. The National Economic Commission, trade unionists and representatives of institutions, “has adopted an inflation forecast of 1.8% for 2011,” said Minister of Economy Christine Lagarde in [...]
