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| | Eurozone - Wikipedia, the free encyclopedia |
 | | For their mutual assurance and stability of the currency, members of the Eurozone have to respect the Stability and Growth Pact, which sets agreed limits on deficits and national debt, with associated sanctions for deviation. | | | The early accession to the eurozone is due to the extremely tight monetary policy currently in use, which is the result of Bulgaria's agreement with the Monetary Board. | | | The vote was 53% in favour for joining the EU, and thus the Eurozone. |
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http://en.wikipedia.org/?title=Eurozone
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| | Standard and Poor's Eurozone Sovereign Ratings Secure, For Now, Following Terrorist Attacks in the U.S. |
| | Eurozone governments' policy flexibility and their credit standing benefit from economic reforms and fiscal austerity pursued during the last decade in the run-up to the launch of EMU. | | | As a result, the general government budget balance of the Eurozone will deteriorate this year to an expected negative 1.4% of GDP in 2001 from negative 0.7% in 2000; and only a minimal improvement, at best, is expected in 2002. | | | Nevertheless, as the Eurozone governments weigh the diplomatic, military, economic, and financial responses to the crisis, their commitment to fiscal prudence and structural reform will certainly be tested. |
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http://www.standardandpoors.com/europe/francais/Fr_news/AttentatsUS_Eurozone-Sovereign-Ratings_26-09-01.html
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| | Britain and the Euro – Just Say No? by Uwe Bott - The Globalist > > Global Economy |
| | The eurozone is not an optimum currency area. | | | Otherwise, the costs of so-called asymmetric shocks (that is, economic events that affect member countries differently, such as rising oil prices) will exceed the benefits of a common currency (including lower transaction costs and eliminated currency risk). | | | These criteria focus on a convergence of business cycles between the UK and the eurozone, economic flexibility and whether the euro will have a positive impact on employment, investment and the financial sector in Britain. |
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http://www.theglobalist.com/DBWeb/StoryId.aspx?StoryId=3239
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| | Walk, don’t run, to the eurozone |
| | The most important advantage of joining the eurozone will be partial elimination of currency risk. | | | Interest rates are set for all eurozone countries together, regardless of their individual economic conditions. | | | It’s clear that fixing the koruna at too low or too high a level could mean that the costs of joining the eurozone would exceed the benefits. |
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http://www.cbw.cz/phprs/2005100322.html
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| | Telegraph Money Eurozone's woes grow as leading economies bog down |
| | Ominously, the eurozone slowdown comes despite bulging fiscal deficits and a stubbornly high inflation rate of 2.1pc, causing ECB officials to fret over a possible return to 1970s 'stagflation' - a combination of slow economic growth and rising prices. | | | Italy has lost a quarter of its world export share over the past five years, leading to a trade deficit for the first time in a generation. | | | Much of the rise this year has been caused by Chancellor Gerhard Schroder's Harz-IV labour reforms, which shift workers from the welfare rolls on to the unemployment register but the effect has traumatised German consumers. |
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/04/01/cnezone01.xml&menuId=242&sSheet=/money/2005/04/01/ixcity.html
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| | LP: OECD warns eurozone growth could halve ( bu-bye economy) |
| | The impact of low growth on the eurozone's public finances was high on the agenda of yesterday's monthly meeting of EU finance ministers in Brussels. | | | Eurozone countries also needed to take measures to boost productivity and overhaul the public finances. | | | Ministers agreed to give Italy until 2007 to bring its burgeoning budget deficit under control, a feat it is expected to undertake in spite of sliding into recession this year. |
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http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=101630
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| | RTE Business - Eurozone M3 growth slows in November |
| | The quarterly average growth figure for September to November, which the ECB regards as more significant, also fell to 7.7% from 8% in the August-October figure which was revised upwards. | | | Growth of the M3 money supply in the eurozone, a key measure of inflationary pressures, slowed in November to 7.4% over 12 months from 8.1% in October, the European Central Bank said today. | | | The figures were not a precursor of inflation, it argued. |
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http://www.onbusiness.ie/2003/1230/m3.html
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| | Eurozone inflation hits highest rate since 2001 |
| | Eurozone economic activity has shown signs of picking up recently but a leading indicator of investor confidence yesterday pointed to a stabilisation in Germany, the eurozone's largest economy. | | | Economists also argued that the weakness of the eurozone economy - in contrast to the US - and the slack in its labour markets had cut significantly the chances of energy costs spilling over into other prices. | | | Jean-Claude Trichet, ECB president, said in a letter to the European parliament released yesterday that the ECB would "act decisively if the increase in the price of oil was transmitted into other sectors of the economy, leading to second-round effects and/or higher inflation expectations". |
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http://www.freerepublic.com/focus/f-news/1505118/posts
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| | Channelnewsasia.com |
| | Eurozone finance ministers were to join counterparts from all 25 EU members on Tuesday morning for a regular monthly meeting. | | | BRUSSELS : Eurozone finance ministers walked away from marathon talks optimistic that they are getting within reach of a deal on reforming their fiscal rule book although another session had to be scheduled. | | | Eurozone ministers optimistic on deal to reform fiscal rule book |
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http://www.channelnewsasia.com/stories/afp_world_business/view/136219/1/.html
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| | David Malpass on the Eurozone Economy on NRO Financial |
| | Recent readings on key economic indicators show that the Eurozone economy is currently softer than it was prior to previous ECB rate cuts — in April 1999 and May 2001. | | | The current state of the economy calls for a rate cut, but current inflation is higher than at previous cuts, a condition that may make the ECB less willing to act now. | | | In September, the Eurozone purchasing managers' index (PMI) of manufacturing activity fell to 48.9 from 50.8 the previous month. |
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http://www.nationalreview.com/nrof_malpass/malpass101102.asp
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| | Eurozone banks back single payment system |
| | Businesses and consumers in the 12-country eurozone are set to save money under a new single-payments area for credit and debit cards due to be set up within three years. | | | The schemes for direct debits and credit transfers in euro would allow a multinational company to channel all its payments through one bank account, reducing back-office costs and infrastructure and putting pressure on banks to lower fees. | | | According to a report in today’s Financial Times, the European banking industry will soon pledge to introduce new eurozone payment schemes for electronic credit transfers and direct debits, as well as a unified framework for debit and credit cards, by January 2008. |
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http://www.finfacts.com/irelandbusinessnews/publish/article_10001078.shtml
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| | Guardian Unlimited Business Business latest Gloom spreads across eurozone |
| | Attempts by the eurozone to reach an agreement on a centralised budget for the member states in June ended in fierce debate, frustrating hopes for long-term structural reforms. | | | According to the IMF analysis, the eurozone still has significant red tape problems that prevent European businesses from working together and taking advantage of the full benefits of a single currency and easily migrating workforce. | | | France's strong performance last year, mainly driven by lower household saving and increased spending, is widely credited with helping to prop up the rest of mainland Europe. |
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http://www.guardian.co.uk/business/story/0,3604,1548397,00.html
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| | Safe Haven Is Restrictive Monetary Policy What Ails The Eurozone? |
| | Plotted in Chart 1 is the year-over-year percent change in the eurozone nominal M3 money supply minus the year-over-year percent change in eurozone all-items CPI. | | | Let's examine three common indicators of the thrust of monetary policy – real money supply growth, the spread between the yield on a government bond and the central bank policy rate, and the inflation-adjusted policy interest rate. | | | Political pressure is mounting to persuade the European Central Bank (ECB) to cut its policy rate from its current level of 2%, the implication being that eurozone monetary policy is restrictive. |
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http://www.safehaven.com/article-3348.htm
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| | Guardian Unlimited Politics Comment William Keegan: This is no time to flirt with fiscal S&M |
| | But one does wonder whether eurozone policymakers in general, and the European Central Bank in particular, might not profit from studying the British experience of the early 1980s. | | | Alas, the term sado-monetarism applies far more to the fiscal and monetary policies adopted by the eurozone in the run up to, and after the birth of, the euro. | | | They have thrown everything in the locker into fiscal and monetary expansion, even if the composition of the fiscal relaxation (notably the excessive tax cuts for the rich) is open to question. |
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http://politics.guardian.co.uk/comment/story/0,9115,1185544,00.html
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| | New Economist: Only reform, not rate cuts, can solve the Eurozone's problems |
| | Even if the ECB was not worried about inflationary pressures, its own research suggests that the impact on growth of even a 1 percentage point change in the policy-controlled interest rate is small a mere 0.34 per cent change in real gross domestic product in year one. | | | New Economist has a useful post one the euro and the reform process. | | | He picks up on the point that as much as interest rate cuts, what the eurozone needs are the Lisbon Reforms. |
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http://neweconomist.blogs.com/new_economist/2005/06/eurozone_intere.html
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| | The Courier-Mail: Eurozone ministers upbeat on growth [24jan06] |
| | EUROZONE finance ministers have voiced growing optimism about the prospects for growth in the 12-nation bloc but were concerned about risks posed by high oil prices. | | | Headline inflation in the eurozone has been easing in recent months from a peak of 2.6 per cent in September but remains stubbornly above the ECB's preferred level of below but close to two percent due to firm energy prices. | | | The European Central Bank raised its benchmark interest rate by a quarter percentage point in December to 2.25 per cent to keep inflation in check despite criticism from some finance ministers that that would hurt still fragile growth. |
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http://www.thecouriermail.news.com.au/common/story_page/0,5936,17920604%255E401,00.html
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| | Guardian Unlimited Business Business latest Eurozone jobs claim |
| | Klaus Regling, director general of economic and financial affairs at the European commission, claimed the 12-member zone's employment growth in the past five years had outperformed that of the US, rising at 4.6% compared with only 3.4% in America. | | | The commission's latest quarterly report on the euro area noted that higher oil prices and softening world demand made recovery more uncertain, pushing the onus on to domestic demand, but "lacklustre" job growth would hamper consumer spending. | | | He put this down to structural reforms to the labour market in the late 1990s. |
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http://business.guardian.co.uk/story/0,3604,1320588,00.html
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| | FT.com - Special Reports / Euro |
| | On entering the eurozone the Italian economy was the most stretched of all countries by the EU's convergence criteria for membership. | | | A separate issue for Germany, is that, as the eurozone's largest economy, it has by far the largest amount of old D-mark cash to collect, including some 350,000 tons of D-mark and pfennig coins, and new euro cash to distribute. | | | Public spending quickly rose above the original deficit target for eurozone countries of 0.8 per cent of GDP and the country hovers near the 3 per cent deficit limit of the stability pact. |
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http://specials.ft.com/euro/FT3Y7D0D1PC.html
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| | Eurozone faces new economic dip |
| | The eurozone economy could slide into recession early next year, according to a report in a Sunday newspaper. | | | But, weak consumer activity and low business confidence in other European countries were also holding back eurozone growth, said the economists. | | | Economists quoted by the Business newspaper claim that the 12-member area's economy probably slowed to a standstill in the final quarter of 2002 and could shrink in the new year. |
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http://www.fpb.co.uk/YRKqn-xo5lMmUA.html
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| | BBC NEWS Business Euro's arrival at a glance |
| | In the past, the country's scepticism has been fuelled by fears that euro membership could lead to a dismantling of Denmark's generous welfare state, as the eurozone countries have agreed to adhere to strict budget limits. | | | But in terms of actual cash transactions, Italy was well behind other countries of the eurozone, the European Commission said. | | | Only 3% of cash transactions were made in euros compared with almost 50% in the Netherlands. |
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http://news.bbc.co.uk/1/hi/business/1737050.stm
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| | Sharpest growth in Eurozone Monthly Retail Sales ever |
| | Though Eurozone retail sales continued to improve on a monthly basis in August, they remained down compared to a year ago (48.1). | | | National data are weighted together according to each country’s contribution to total Eurozone retail sales to form the Bloomberg Eurozone Retail PMI. | | | Month-on-month sales declined for the thirteenth month running, although the rate of decline eased to a level that was the weakest of this period. |
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http://www.finfacts.com/irelandbusinessnews/publish/article_10003152.shtml
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| | Forecast cut for eurozone GDP |
| | The International Monetary Fund is reportedly about to cut its eurozone forecast to 1.6% from a previous 2.2% because of the gloom surrounding the German economy where unemployment has risen to a 73-year high. | | | The euro has risen strongly against the dollar over the past three years, making eurozone exports more expensive in the US and other countries whose currencies are tied to the dollar. | | | Economists think that given the poor growth outlook and a moderation in inflation, the ECB is likely to leave rates steady this year, or come under pressure to cut them in a bid to breath life into the economy. |
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http://www.freerepublic.com/focus/f-news/1354697/posts
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| | Rebound in Eurozone’s retail PMI expected this month newratings.com |
| | Inflation in the Eurozone is likely to have declined this month due to the recent unexpected decline in Germany's inflation rate, the analyst says. | | | Morgan Stanley expects the performance of the retail sectors in Eurozone and the UK to recover in the near term. | | | LONDON, September 27 (newratings.com) - Analyst Annemarieke Christian of Morgan Stanley believes that the PMI index (Retail Purchasing Managers' Index), a barometer of the retail sector in the Eurozone and the UK, would rebound this month. |
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http://www.newratings.com/analyst_news/article_471703.html
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| | Euro at eight-week high against dollar as eurozone picks up |
| | The common currency risks a retreat ahead of Friday's US jobs report, which is seen showing a continued steady clip of payrolls additions, traders said. | | | Recent US data have strengthened expectations that the Federal Reserve will increase interest rates, widening the differential between borrowing costs in the United States and the 12-nation eurozone. | | | The euro reached its highest point against the dollar in nearly two months as rosier European data shifted attention to eurozone growth and away from a solid US performance. |
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http://www.turkishpress.com/news.asp?id=63768
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| | William P. Kucewicz on Inflation and the Eurozone on NRO Financial |
| | Economic growth in the eurozone has ebbed and flowed over the course of the past 15 years, alternatively converging and diverging without any determinable effect on inflation. | | | William P. Kucewicz on Inflation and the Eurozone on NRO Financial | | | The economic, regulatory, and fiscal regimes of EMU countries, while reflecting certain unifying directives from Brussels, don’t necessarily align, and the differences, particularly as regards taxation, often bear directly on economic growth. |
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http://www.nationalreview.com/nrof_kucewicz/kucewicz200506160810.asp
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| | Iraq war fears cloud eurozone economies -DAWN - Business; March 9, 2003 |
| | France’s rising budget deficit — following close on the heels of similar problems in Germany and Portugal — is another blow to eurozone economic confidence. | | | Solbes said Paris now faced EU disciplinary action for having allowed its budget deficit in both 2002 and 2003 to overshoot the 3 per cent of GDP threshold enshrined in the eurozone stability pact. | | | “War fears add to a fragile economic environment, already burdened with growth uncertainties and labour market developments that have hit consumer confidence,” Greek Finance Minister Nikos Christodoulakis admitted after a sombre Thursday night meeting of the 12 eurozone finance ministers. |
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http://www.dawn.com/2003/03/09/ebr3.htm
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| | CME Announces Five Market Makers for CME Eurozone HICP Futures Contract Scheduled for Sept. 19 Launch |
| | CME Eurozone HICP futures represent inflation on a notional value of euro 1 million for a period of 12 calendar months. | | | Similar to the pricing of CME Eurodollar futures contracts, CME HICP futures will be quoted as 100 minus the annual inflation rate in the 12-month period preceding the contract month. | | | Specifically they will increase transparency of seasonality pricing and ease of hedging reset risk. |
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http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-14-2005/0004107170&EDATE=
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| | Money Rules For The Eurozone Candidate Countries |
| | The converging countries act in essence as “takers” of the inflation target, which, in this case, is the eurozone’s inflation forecast. | | | This study proposes the adoption of money growth rules as indicator variables of monetary policies by the countries converging to a common currency system, in particular, by the eurozone candidate countries. | | | Keywords: common currency system, eurozone, monetary convergence, money growth rules, inflation targeting. |
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http://ideas.repec.org/p/wpa/wuwpma/0501033.html
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| | IndustryWeek : Eurozone Inflation At 2.1% In February |
| | The rise was fuelled by higher oil prices; within the eurozone energy costs shot up by 7.7% on the year and were 1.4% higher on a one-month basis. | | | For the full 25-member European Union, inflation reached 2.2% in February, compared with 2.0% in January. | | | Home : Economics & Public Policy : Global Economy : Eurozone Inflation At 2.1% In February |
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http://www.industryweek.com/ReadArticle.aspx?ArticleID=10076&SectionID=69
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| | OECD posts warning for eurozone : Mail & Guardian Online |
| | The OECD’s outlook said the spare capacity in the eurozone economy created scope for the European Central Bank to cut interest rates — currently 2% — but that policy would have to be tightened once recovery was under way. | | | The OECD called for further interest rate rises in the US and action to reduce the size of the budget deficit. | | | The Organisation for Economic Cooperation and Development (OECD) warned Europe’s leaders this week that failure to embark on reform of the continent’s underperforming economy would put the credibility of monetary union at risk. |
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http://www.mg.co.za/articlePage.aspx?articleid=241814&area=/insight/insight__economy__business
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| | Europe can cope with a stronger currency SCB Economic Update |
| | Standard Chartered is expecting the dollar to continue to weaken against the major currencies in 2004. | | | The message therefore is that while the rise in the euro will inevitably dampen growth prospects, the currency is only one of a number of factors influencing the direction of the Eurozone economy. | | | A stronger currency is good news for importers (including large chunks of German manufacturing) as well as for consumers. |
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http://www.ameinfo.com/news/Detailed/33473.html
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| | macroblog: Inflation In The Eurozone |
| | One difference between the U.S. and Eurozone, of course, is that the European Central Bank has an explicit inflation target and the Federal Reserve does not. | | | Is ECB using U.S. cpi methodology for calculating inflation? | | | A 53 percent increase in the price of crude oil this year pushed inflation beyond the European Central Bank's target of just below 2 percent for eight months. |
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http://macroblog.typepad.com/macroblog/2005/09/inflation_in_th.html
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| | Telegraph Money Eurozone woes blamed for slowdown in global growth |
| | In recent weeks, the large variations in the health of finances across the eurozone has caused a gap to open in financial markets in the interest charged on some government debt. | | | Yesterday's report predicted a serious deterioration in the public finances of some eurozone countries. | | | But he said his main concern was the eurozone, which has suffered from high oil prices and the rise of the euro against other currencies. |
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http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/05/25/cneuro25.xml&menuId=242&sSheet=/money/2005/05/25/ixfrontcity.html
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| | Euro |
| | The currencies of the 12 countries in the eurozone disappeared into museums by the end of February 2002 |
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http://www.wilkiecollins.demon.co.uk/euro/eurocountries.htm
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| | Hopes dimming for strong eurozone growth in 2005 - EUbusiness |
| | According to the latest calculations by Germany's Federal Labour Agency, the jobless total declined by 44,000 to 4.728 million in raw or unadjusted terms this month, bringing the unemployment rate to 11.4 percent from 11.5 percent. | | | He noted that the announced 0.1 percent quarter-on-quarter fall in household consumption, the first quarterly decline in five years, was worrisome. | | | But he added that it should prove temporary now the labour market appears to be improving in some eurozone countries. |
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http://www.eubusiness.com/Finance/050831114912.e6x23dfu
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| | The Hindu Business Line : Dollar breaches 1.25 to Euro |
| | The Eurozone goods and services have become nearly forty per cent more expensive against the goods and services sold in the dollar in the global market place. | | | For how long will this turbulence continue on the currency market is anybody's guess, but a recession-prone European Union is obviously dreading any further rise of Euro against the dollar. | | | The Eurozone comprises 12 EU member states that have adopted Euro as their common currency. |
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http://www.thehindubusinessline.com/2004/01/01/stories/2004010101841000.htm
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| | www.mineweb.net columns curve ball Eurozone in a black funk |
| | One of the key implications is for currency rates, given that the key story supporting recent dollar strength has hinged around expectations that interest rate spreads between the US and most of the rest of the world would continue to widen, attracting higher capital flows into dollar assets. | | | The OECD cut its estimate for global growth in 2005 and 2006, following rising energy costs, and a deepening slowdown in the eurozone. | | | However, the alert that has apparently most caught investor attention is today’s call by the 30-member Organization for Economic Cooperation & Development (OECD) for the European Central Bank (ECB) to cut interest rates so as to revive the world’s second-biggest “economy,” the eurozone. |
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http://www.mineweb.net/columns/curve_ball/443320.htm
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| | Eurozone gloom spreads |
| | Yesterday, the Organisation for Economic Cooperation and Development lowered its 2005 growth estimate for the eurozone to 1.9% and called on the ECB not to ease monetary policy. | | | On the Purchasing Managers Index a score of more than 50 indicates that the sector is still growing. | | | Part of the problem was the strength of the euro, which hit a record high against the dollar on Wednesday. |
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http://www.chamberonline.co.uk/YQteT2loHMvRUA.html
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| | IndustryWeek : EU Trims Eurozone 2005 Growth Forecast To 1.6% |
| | But the eurozone's stubbornly high unemployment rate would remain unchanged this year at 8.8% before falling to 8.5% in 2006. | | | But the estimate brings the commission's forecasts into line with those of private economists as well as the International Monetary Fund and the European Central Bank, which are both counting on 1.6% growth this year. | | | Home : Economics & Public Policy : Global Economy : EU Trims Eurozone 2005 Growth Forecast To 1.6% |
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http://www.industryweek.com/ReadArticle.aspx?ArticleID=10147
(391 words)
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| | [A-List] EU integration struggles: eurozone |
| | Opponents of the euro on the left - and in parts of the Treasury - have = traditionally argued that joining the single currency would mean cuts in = public spending because of the strict rules which govern membership. | | | Indeed it doesn't take too much effort to see that just about every member of the eurozone would dearly love to ditch both of these institutions, albeit for the benefit of sectional interests. | | | Yesterday I wrote: The stability and growth pact and ECB can be challenged on entirely = separate grounds, contrary to the guff being circulated by David Owen-sponsored 1970s = throwbacks like Jonathan Michie. |
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http://lists.econ.utah.edu/pipermail/a-list/2002-September/020563.html
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| | BBC NEWS Business Europe slashes growth forecasts |
| | The strong prediction for the UK economy comes on the eve of Chancellor's Gordon Brown budget when he is expected to lower his previous forecast of 2.5%-3%. | | | And a prolonged war, with the risk of higher oil prices and sliding business and consumer confidence, would hurt the eurozone even more. | | | Within the eurozone, the countries whose forecasts have been cut the most are Germany, down to 0.4% from 1.4%; France, down to 1.1% in 2003 from 2%, and Portugal, down to 0.5% from 1.2%. |
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http://news.bbc.co.uk/2/hi/business/2928679.stm
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| | CNN.com - Eurozone warms up to recovery - May 24, 2002 |
| | Even though some countries, like France, are seeing a rise in consumer confidence, others say people are holding back from spending too much, too soon. | | | Paris shoppers: Consumer spending has helped France's economic recovery | | | One after one, the eurozone's main workhorses have signalled a return to economic growth and a resurgence in business confidence after suffering the effects of a prolonged global slowdown. |
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http://edition.cnn.com/2002/BUSINESS/05/24/eurozone.economy
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| | Commission will be strict on criteria for new eurozone entrants |
| | The Commission will be "very strict" when assessing the criteria for countries joining the eurozone, says Economic and Monetary Affairs Commissioner Joaquin Almunia. | | | Before doing so, the Commission will also look at qualitative data, such as the evolution of unit labour costs and the functioning of the market. | | | Commission will be strict on criteria for new eurozone entrants |
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http://www.euractiv.com/Article?tcmuri=tcm:29-144212-16&type=News
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| | Guardian Unlimited Business Business latest Greeks are still hoping for gold |
| | The Greek economy has outpaced the rest of the eurozone in recent years, growing at 4% a year, with at least a quarter of that put down by economists to Olympic-related expenditure. | | | That is likely to mean a clamp down on spending which could contribute to an overall slowdown in the economy. | | | The few studies that have been carried out show that host countries' economies receive a construction-induced boost ahead of a games followed by a small slowdown afterwards as bulldozers lie idle. |
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http://www.guardian.co.uk/business/story/0,3604,1293416,00.html
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| | European inflation: index of consumer prices for the eurozone - IDS Statistics |
| | Harmonised index of consumer prices for 12 countries in the eurozone*. | | | If you wish to make a cross-border comparison of living costs, the Organisation for Economic Co-operation and Development (OECD) compares price levels across its 29 member states for a representative basket of goods and services. | | | European inflation: index of consumer prices for the eurozone - IDS Statistics |
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http://www.incomesdata.co.uk/statistics/euhicp.htm
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| | :: Xinhuanet - English :: |
| | The report states that sustained strong global growth, especially in the factory sector, should help turn the tide on global dis-inflation Since Asian real GDP growth is running stronger than expected, Asia is critical to halting the deflationary trend, the JP Morgan report said. | | | The expansion will be anchored by concurrent, above-trend growth in four key regions including the United States, the Eurozone, Japan and emerging Asia. | | | JP Morgan forecasts that in 2004, the global economy is poised for a robust, broad-based growth and the global GDP will advance 3.8 percent. |
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http://news.xinhuanet.com/english/2004-01/13/content_1274170.htm
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| | CNN.com - Eurozone interest rate debate - April 23, 2001 |
| | Hans Guenter Redeker, an analyst with BNP Paribas, told CNN on Monday that because Eurozone inflation is "on the high side of expectations" interest rates had, in real terms, come down without a formal cut. | | | In contrast the U.S. Federal reserve has cut them three times this year alone in an attempt to stop America sliding into recession. | | | The bank has not cut rates in the 12-member Eurozone since April 1999. |
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http://europe.cnn.com/2001/WORLD/europe/04/23/ECB.rates/index.html
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