French Central Bank Admits the Obvious: France Back in Recession
August 8, 2012 0

French Central Bank Admits the Obvious: France Back in Recession

By News Desk

French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone
August 8, 2012 0

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone

By News Desk

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone Posted by Michael Shedlock at 2:34 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)

Birth-Death Model in Spain: 391,000 companies closed, 334,500 New Businesses Launched; Spain Lost 57,000 Companies in 2011
August 7, 2012 0

Birth-Death Model in Spain: 391,000 companies closed, 334,500 New Businesses Launched; Spain Lost 57,000 Companies in 2011

By News Desk

Statistics show Spain Lost 57,000 Companies in 2011 The number of active enterprises decreased 1.6% in 2011 and stood at 3,199,616. This is the fourth consecutive year of decline according to the latest update of the Central Companies Directory (CCD) released by the National Institute of Statistics (INE). During 2011 more companies ceased their activities (391,270) than were launched (334,516).

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed
August 6, 2012 0

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed

By News Desk

Bloomberg reports Monti Calls for More Crisis-Fighting Urgency in ECB Standoff Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened. Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union. Spain and Italy, whose surging borrowing costs have shunted them to the heart of the turmoil in the euro area, are resisting pressure from ECB President Mario Draghi to formally request aid in return for strict conditions before the central bank will buy their bonds