Mirek Topolanek, primer minister of the Czech Republic, announced that its Government would adopt the euro on November 1 of this year, with what it will be one of the last members of the EU in to do it. The Czechs till now have refused to fix a formal date. Slovakia turned on January 1 into the sixteenth country of the UE that adopts the Euro. They did perceiving this as the best antidote and necessarily to confront the delicate international conjuncture. On the other hand, in the United Kingdom, it is reflected, thanks to ICM's interview, what the majority of population would prefer preserving the pound sterling.
Marta Buzón Laustín
jueves, 8 de enero de 2009
miércoles, 7 de enero de 2009
Israels sign peace with gaza ?¿
The diplomatic efforts to delay the advance of the Israeli army in Gaza have intensified in the last hours and the plan for a cease-fire presented/displayed yesterday by the Egyptian president, Hosni Mubarak, and the French, Nicholas Sarkozy, offer " at least; one posibilidad". The plan of Mubarak has provoked the adhesions of several Arab countries, of the Palestine Authority, the USA and the EU. Israel does not go so far: at the moment, it only considers " positivamente" to speak of him with Cairo, is not had it jeopardize to accept it, although the French president has assured therefore it. The other option that still is on the table is the opposite: to extend the offensive one on Gaza.
Noa Moreno García
Noa Moreno García
Eslovakia becomes eurozone member
Slovakia has become the 16th member of the eurozone - the second former communist country to join the grouping.
The small Alpine nation of Slovenia, formerly part of Yugoslavia, was the first ex-communist country to join the euro in its own right, two years ago. However, the former East Germany - now part of Germany - has been involved in the euro project since the beginning.
The Slovak koruna (crown) will remain in circulation alongside the euro until 16 January. Despite the change, are holding up the last few days to change its currency, and get used to the euro.
Stability hopes
Slovakia sees its adoption of the euro as a shield from the turbulence that has hit currencies in neighbouring ex-Soviet bloc countries.
The koruna has been pegged at a rate of 30.126 to the euro since July, while Poland's zloty has lost 24% against the euro, the Czech koruna 11% and the Hungarian forint 13%, Bloomberg news reports.
A recent poll in Slovakia's Hospodarske Noviny daily showed 58% of respondents in favour of the euro, compared with 43% positive a year ago. Euro "starter packs" have already been distributed in Slovakia and a big campaign has been under way to familiarise the nation of 5.4 million with the new currency.
Slovakia has enjoyed rapid economic growth since joining the European Union in 2004.
But the euro's strength may make life harder for Slovakia's exporters - particularly its big car industry - in the current economic downturn, correspondents say.
Lauree
The small Alpine nation of Slovenia, formerly part of Yugoslavia, was the first ex-communist country to join the euro in its own right, two years ago. However, the former East Germany - now part of Germany - has been involved in the euro project since the beginning.
The Slovak koruna (crown) will remain in circulation alongside the euro until 16 January. Despite the change, are holding up the last few days to change its currency, and get used to the euro.
Stability hopes
Slovakia sees its adoption of the euro as a shield from the turbulence that has hit currencies in neighbouring ex-Soviet bloc countries.
The koruna has been pegged at a rate of 30.126 to the euro since July, while Poland's zloty has lost 24% against the euro, the Czech koruna 11% and the Hungarian forint 13%, Bloomberg news reports.
A recent poll in Slovakia's Hospodarske Noviny daily showed 58% of respondents in favour of the euro, compared with 43% positive a year ago. Euro "starter packs" have already been distributed in Slovakia and a big campaign has been under way to familiarise the nation of 5.4 million with the new currency.
Slovakia has enjoyed rapid economic growth since joining the European Union in 2004.
But the euro's strength may make life harder for Slovakia's exporters - particularly its big car industry - in the current economic downturn, correspondents say.
Lauree
martes, 6 de enero de 2009
Spanish inflation tumble
In Spain, inflation as measured by the European Union’s harmonised consumer price index fell to 1.5 per cent over the year to December. That was the lowest level in a decade and compared with 2.4 per cent inflation in November and a peak of 5.3 per cent in July. Eurozone inflation could fall below zero later this year, economists have calculated.
Spanish inflation has for years been higher than the eurozone average, partly because of rising energy prices and the way fuel is taxed, but the differential has rapidly disappeared as oil prices have fallen.
A deep recession is also affecting the prices of other goods and services here, with many retailers offering discounts even before the Christmas holidays in an attempt to maintain turnover.
If Spanish inflation has been so high it was logical that later had to decrease. I think it's understandable that shops sell their products cheaply, because it's better earn a little money than nothing.
Spanish inflation has for years been higher than the eurozone average, partly because of rising energy prices and the way fuel is taxed, but the differential has rapidly disappeared as oil prices have fallen.
A deep recession is also affecting the prices of other goods and services here, with many retailers offering discounts even before the Christmas holidays in an attempt to maintain turnover.
If Spanish inflation has been so high it was logical that later had to decrease. I think it's understandable that shops sell their products cheaply, because it's better earn a little money than nothing.
lunes, 5 de enero de 2009
Almost 70.000 workers meet affected by the crisis
Nine of every hundred Spanish workers have an employment in the sector of the car of direct or indirect form, which turns this industry into a strategic sector for the country, close to the tourism and the construction. Today there approach to 70.000 the number of persons of the car sector affected by the crisis losing her places of work.
According to the employer one of the manufacturers Anfac, in 2009 nobody gets away himself from the temporary suspensions of employment. Between them they emphasize that of 4.577 workers of Ford in Almussafes, it of 5.300 of Seat in Martorell or it of 3.322 of Nissan in Barcelona. The unemployment of three months of Renault Spanish's plants will affect 10.000 personnel.
The concessionaires of cars by the employer Faconauto think for her part that in 2008 18.000 employments have got lost, especially of commercial, for the fall of sales.
According to the employer one of the manufacturers Anfac, in 2009 nobody gets away himself from the temporary suspensions of employment. Between them they emphasize that of 4.577 workers of Ford in Almussafes, it of 5.300 of Seat in Martorell or it of 3.322 of Nissan in Barcelona. The unemployment of three months of Renault Spanish's plants will affect 10.000 personnel.
The concessionaires of cars by the employer Faconauto think for her part that in 2008 18.000 employments have got lost, especially of commercial, for the fall of sales.
Oil price rises on Gaza conflict
The price of oil has risen on fears of heightened tension in the Middle East following Israel's offensive in the Gaza Strip.
US light, sweet crude was up 86 cents to $47.20 a barrel, although it had reached $48.68 earlier on Monday. The price of Brent crude was up 61 cents to $47.52 a barrel.
"The Gaza conflict added to the geopolitical risk premium embodied in the oil price," said David Moore of Commonwealth Bank of Australia.
Oil prices rose following a report that an Iranian military commander had called for Islamic countries to cut oil exports to Israel's supporters.
Traders have also been worried about the continuing gas dispute between Russia and Ukraine. Several EU countries have reported a drop in supplies after Russia cut off gas to Ukraine on New Year's Day in a row over unpaid bills and a new price contract.
I think that the conflict betwen this countries will be long. The Islam and Russia are who have the control of the oil, but i don't agree whit Islam has make to Israel's supporters, and Russia to Ukraine.
While this conflict lasts, the price of the oil won't stop to change.
ornella
US light, sweet crude was up 86 cents to $47.20 a barrel, although it had reached $48.68 earlier on Monday. The price of Brent crude was up 61 cents to $47.52 a barrel.
"The Gaza conflict added to the geopolitical risk premium embodied in the oil price," said David Moore of Commonwealth Bank of Australia.
Oil prices rose following a report that an Iranian military commander had called for Islamic countries to cut oil exports to Israel's supporters.
Traders have also been worried about the continuing gas dispute between Russia and Ukraine. Several EU countries have reported a drop in supplies after Russia cut off gas to Ukraine on New Year's Day in a row over unpaid bills and a new price contract.
I think that the conflict betwen this countries will be long. The Islam and Russia are who have the control of the oil, but i don't agree whit Islam has make to Israel's supporters, and Russia to Ukraine.
While this conflict lasts, the price of the oil won't stop to change.
ornella
EU ponders (?) Russia-Ukraine gas row
European Union officials are to meet in Brussels to assess the impact of falling gas supplies as a result of the dispute between Russia and Ukraine.
Several EU countries have reported a drop in supplies after Russia cut off gas to Ukraine on New Year's Day over unpaid bills and a new price contract.
They include Poland, Hungary, Bulgaria and Romania, where supplies are reported to have dropped by 30%.
Russian gas giant Gazprom accuses Kiev of stealing gas meant for EU customers.
Gazprom says it can no longer count on Ukraine as a transit route to EU countries and is seeking alternatives.
The Ukrainians say the pipeline network is not working properly after Moscow cut supplies.
The Czech Republic, which holds the rotating EU presidency, is to convene Monday's meeting of envoys in Brussels to discuss the row.
The meeting will discuss the impact on gas supplies, but the bloc is divided on how to respond to both Russia and Ukraine.
While both sides have been lobbying European states for their support, there is a marked reluctance on the part of the EU to get involved, says the BBC's Dominic Hughes in Brussels.
Therefore its response will probably be limited to an appeal for a swift end to the dispute, our correspondent adds.
Pipes across Ukraine carry about a fifth of the EU's gas needs. A similar row between Gazprom and Ukraine at the beginning of 2006 led to gas shortages in several EU countries.
Several EU countries have reported a drop in supplies after Russia cut off gas to Ukraine on New Year's Day over unpaid bills and a new price contract.
They include Poland, Hungary, Bulgaria and Romania, where supplies are reported to have dropped by 30%.
Russian gas giant Gazprom accuses Kiev of stealing gas meant for EU customers.
Gazprom says it can no longer count on Ukraine as a transit route to EU countries and is seeking alternatives.
The Ukrainians say the pipeline network is not working properly after Moscow cut supplies.
The Czech Republic, which holds the rotating EU presidency, is to convene Monday's meeting of envoys in Brussels to discuss the row.
The meeting will discuss the impact on gas supplies, but the bloc is divided on how to respond to both Russia and Ukraine.
While both sides have been lobbying European states for their support, there is a marked reluctance on the part of the EU to get involved, says the BBC's Dominic Hughes in Brussels.
Therefore its response will probably be limited to an appeal for a swift end to the dispute, our correspondent adds.
Pipes across Ukraine carry about a fifth of the EU's gas needs. A similar row between Gazprom and Ukraine at the beginning of 2006 led to gas shortages in several EU countries.
domingo, 4 de enero de 2009
The rescue plan the U.S. will be ready "early February"
The democrats of the Congress of the United States, expect to approve at the beginning of February a multimillionaire plan of economic rescue, but it has to be approved before for the president, Barack Obama.
Steni Hoyer, leader of the majority of the Representatives' Chamber, did a few declarations for the television program "Fox News Sundays" where said that the package have the size of 775.000 or one trillion dollars.
It will be difficult to prepare so rapidly, because the capture of Obama's possession will be 20 of January.
Steni Hoyer, leader of the majority of the Representatives' Chamber, did a few declarations for the television program "Fox News Sundays" where said that the package have the size of 775.000 or one trillion dollars.
It will be difficult to prepare so rapidly, because the capture of Obama's possession will be 20 of January.
Markets start hopefully
The actions on the stock markets of the whole world began the year of a positive way on having gained area after 2008 of falls without precedents. In London the index FTSE 100 closed with a rise of 2,88 % and in France and Germany the prices finished the day also in positive area 4,09 % and 3,39 % respectively. In Wall Street the Dow Jones reached hisfirst day of 2009 2,94 % to the rise.
Nevertheless, the analysts insist that these earnings will not be sustainable in the time, since many actions still are not quoting due to the vacations and in addition to the fact of which few volumes of papers were negotiated.
Nevertheless, the analysts insist that these earnings will not be sustainable in the time, since many actions still are not quoting due to the vacations and in addition to the fact of which few volumes of papers were negotiated.
viernes, 2 de enero de 2009
House prices "fall to 2004 level"
The average price of a UK home has fallen to levels not seen since August 2004, according to the Halifax.
Prices declined by 2.2% in December, to bring the average cost down to £159,896, the lender said.
For 2008 as a whole, prices fell 16.2%, the biggest annual decline since Halifax began keeping records in 1983.
The figures came as data from the Bank of England showed the number of mortgage approvals fell to 27,000 in November - at least a nine-year low.
This was the lowest figure since the series began in January 1999.
Getting a mortgage is harder for many because the requirements are stiffer than before. But I tink that for the rich people, this is a very good time to purchase a home, because prices are the lowest in a long time and the interest rates were just dropped a few days ago.
Now most commentators believe that prices will continue falling well into 2009, indeed maybe for the whole of the year.
"We will expect prices to continue to fall because of the economic conditions; you wouldn't expect the market to turnaround in those conditions", says the Nationwide's chief economist Fionnuala Earley, referring to the growing recession.
I think that in truth no-one knows when that will change and we will have crisis for a long time.
Iris Baño
Prices declined by 2.2% in December, to bring the average cost down to £159,896, the lender said.
For 2008 as a whole, prices fell 16.2%, the biggest annual decline since Halifax began keeping records in 1983.
The figures came as data from the Bank of England showed the number of mortgage approvals fell to 27,000 in November - at least a nine-year low.
This was the lowest figure since the series began in January 1999.
Getting a mortgage is harder for many because the requirements are stiffer than before. But I tink that for the rich people, this is a very good time to purchase a home, because prices are the lowest in a long time and the interest rates were just dropped a few days ago.
Now most commentators believe that prices will continue falling well into 2009, indeed maybe for the whole of the year.
"We will expect prices to continue to fall because of the economic conditions; you wouldn't expect the market to turnaround in those conditions", says the Nationwide's chief economist Fionnuala Earley, referring to the growing recession.
I think that in truth no-one knows when that will change and we will have crisis for a long time.
Iris Baño
Suscribirse a:
Entradas (Atom)