Tag «Eurozone»

CONTINUATION OF AUSTERITY MEASURES WILL PROLONG GREECE’S NATIONAL CRISIS FOR MORE THAN A DECADE AND POSES CONTAGION RISK FOR EUROZONE, NEW LEVY INSTITUTE REPORT SAYS

ANNANDALE-ON-HUDSON, N.Y.— Vowing to renegotiate the terms of Greece’s bailouts—including reversing many austerity measures, repealing labor market reforms, and restructuring a portion of the country’s sovereign debt—the anti-austerity Syriza party continues to lead polls ahead of Greece’s election on January 25. The impending vote has spurred renewed discussion about Greece exiting the eurozone and is …

EUROZONE ECONOMIC CRISIS WILL CONTINUE UNTIL STRUCTURAL FLAWS ARE ADDRESSED, NEW LEVY ECONOMICS INSTITUTE STUDY SAYS

New Report Suggests Euro Treasury to Make Dysfunctional Euro Regime Viable ANNANDALE-ON-HUDSON, N.Y.— The European Central Bank cut interest rates this week and announced a plan to start buying assets in an effort to stimulate the eurozone’s stagnating economy. While there has been considerable debate as to whether the ECB went far enough, a new …

Eurozone Here to Stay, Insist Three European PMs

European integration should be deepened. There’s a perception outside of Europe that the continent is more dysfunctional than it actually is. For more information about the Annual Meeting of the New Champions, please visit:http://www.weforum.org/newchampions Dalian, People’s Republic of China, 12 September 2013 – At the Annual Meeting of the New Champions, in a panel consisting of …

More shadows than sunshine: Findings of the GfK Consumer Climate Europe for the second quarter of 2013

Nuremberg, 22 July 2013 – Poor economic data and high unemployment continue to keep Europe on tenterhooks. The financial and economic crisis has not yet been overcome, despite the recession bottoming out in some European countries. These are the findings of the GfK Consumer Climate Europe survey, which provides an overview of the development of …

PM’s interview with the Japanese Media

Japanese Media Question: Dr. Manmohan Singh, thank you very much for you time. My first question will be on Indo-Japanese relationship. Are there any changes in your agenda for the summit-level meeting in Tokyo in view of the change of Government in Japan particularly Mr. Shinzo Abe our Prime Minister is considered to be a …

A strong US dollar is good for India : Umesh Shanmugam

The US dollar (USD) is seeing renewed strength and this strength is giving asset classes across the globe a new direction. Equities have rallied and oil prices have fallen over the last two years on the back of the USD strength. Indian equities and bonds are benefiting from the dollar strength. The Indian rupee (INR) …

Economic divide in Europe : Findings of the GfK Consumer Climate Europe and USA for the first quarter of 2013

Nuremberg, 24 April 2013 – High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are mainly in Northern and Eastern Europe, the next year will again be difficult for the crisis …

Titans face gold battle – Umesh Shanmugam

‘Some of the mugs have taken extreme bets on a falling gold price,” says one precious metal retailer. “Never have the money managers become so convinced that gold is about to fall heavily.” “It could actually mean that the gold price is about to rise strongly “as they must buy back these positions”, the seller …