Credit shortage threatens EU economic recovery
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- News Source: The Irish Times | about 1 month agoThe figures will likely further convince the European Central Bank and financial markets that the 16-nation bloc has emerged from a deep recession. Markit's final Eurozone Services Purchasing Managers' Index (PMI) of around 2,000 companies ranging...
- News Source: Independent | about 1 month ago8bn Government's planned correction in Budgets Next month's Budget may set the economy back further, but without it the country's national debt could reach 100pc of output (GDP) by 2011, the EU Commission has said in a new analysis.
- News Source: The Daily Star | about 1 month agoEurope’s economy will rebound next year from a deep slump and accelerate in 2011, the European Commission said on Tuesday, paving the way for major deficit cuts across the 27-nation bloc from 2011 at the latest. The European Union’s executive...
- News Source: Novinite | about 1 month agoBulgaria will be the only country in the European Union to show a deficit below 3% of GDP in 2010, the European Commission said in a report on Tuesday. None of the other 26 EU member states will achieve this EU-mandated budgetary limit. The...
- News Source: B92 | about 1 month agoEconomic activity in the euro zone has exceeded the expectations of the European Central Bank, leading it to revise its predictions. The bank is now forecasting Europe�s economy will rebound next year and accelerate in 2011. It is predicting growth...
- News Source: EU Observer | about 1 month agoBut well over a year since EU citizens first awoke to newspapers containing the words "credit crunch," ongoing problems in the bloc's credit market continue to maintain a drag on the region's economy. "The banking sector is still fragile and credit...
- Blog Source: www.sfexaminer.comOf all the trends, however, it is the steady rise in joblessness that worries experts most. Across the entire European Union, some 22.12 million people are now out of work, 15.32 million of them in the eurozone. "Unemployment is a ...
- Blog Source: www.docstoc.comFor each of those 561 products we forecast import demand under five possible economic futures, from the hoped-for robust recovery, to the feared Japanese scenario. * Those interested in demand for a single product or group of kindred .... Since then,
- Blog Source: blog.taragana.comBusiness spending is especially crucial now because consumers, who normally drive a recovery, aren't doing so this time. Many shoppers are too squeezed by job losses, flat wages, tight credit and high debt. .... Eurostat confirmed an earlier
- Blog Source: risingpowers.foreignpolicyblogs.comFitch forecasts the impact of the recession - in some cases augmented by fiscal stimulus measures, lower oil prices and bank bail-outs - to widen the average budget deficit to 5.9% of GDP in 2009 from 1.1% in 2008, before narrowing to ... Fitch has
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@Kelly_Evans RT @wsjbreakingnews: EU lifts growth forecast for euro zone and EU economy to 0.7% in 2010
about 1 month ago
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