Europe - Economic Data & News 10 (Dec 13 - Jan 15)

Europe - Economic Data & News 10 (Dec 13 - Jan 15)

Postby iam802 » Sun Dec 01, 2013 3:52 am

Netherlands loses S&P triple-A credit rating

http://news.yahoo.com/netherlands-loses ... nance.html

AMSTERDAM (AP) — Standard & Poor's stripped the Netherlands of its triple-A credit rating Friday, saying that the country's growth prospects have deteriorated and it is not performing as well as peers.

It downgraded the country to AA+, meaning the only remaining eurozone countries with AAA ratings from S&P are Germany, Finland and Luxembourg. The Netherlands' finance minister, Jeroen Dijsselbloem, said the downgrade was unsurprising "but disappointing."

The Dutch economy has been hit by falling home prices and rising unemployment, which is expected to hit 8 percent next year.

"The downgrade reflects our opinion that The Netherlands' growth prospects are now weaker than we had previously anticipated, and the real GDP per capita trend growth rate is persistently lower than that of peers at similarly high levels of economic development," S&P said in its announcement.

It said it expects Dutch GDP to fall by 1.2 percent in 2013 and grow by 0.5 percent in 2014.

Dijsselbloem, who is also president of the Eurogroup of finance ministers, has prescribed spending cuts and tax hikes to strengthen Dutch and other European government finances and pave the way for long-term growth. Some economists say such austerity measures are counterproductive during a downturn, but the idea is popular in German-led policy-making circles.

Dijsselbloem said in an interview with RTL television that, despite the downgrade, S&P supports the Cabinet's approach to cutting debt.

But a spokesman for the agency said that's not accurate. "We as a rating agency do not give any endorsements to policy," said Josy Soussan. "We look at measures and assess the impact we think they will have."

The Dutch government has undertaken several rounds of budget cuts but is still expected to run deficits of a little more than 3 percent this year and next year.


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2. The trend will END but I don't know WHEN.

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Re: Europe - Economic Data & News 09 (Mar 12 - Dec 13)

Postby behappyalways » Fri Dec 13, 2013 9:29 am

Surprise fall in eurozone industrial output
http://www.telegraph.co.uk/finance/econ ... utput.html
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Re: Europe - Economic Data & News 09 (Mar 12 - Dec 13)

Postby behappyalways » Thu Dec 26, 2013 6:24 pm

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Re: Europe - Economic Data & News 09 (Mar 12 - Dec 13)

Postby behappyalways » Tue Dec 31, 2013 3:10 pm

Eurozone Sovereign Debt: All Quiet on the Southern Front

http://www.economonitor.com/blog/2013/1 ... ern-front/
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Re: Europe - Economic Data & News 09 (Mar 12 - Dec 13)

Postby behappyalways » Wed Jan 08, 2014 5:30 am

Eurozone losing 'safety margin' against deflation trap as core gauge falls to record low
http://www.telegraph.co.uk/finance/fina ... d-low.html


'Boss-napping' reveals French labour problems
http://www.aljazeera.com/video/europe/2 ... 52411.html
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Re: Europe - Economic Data & News 09 (Mar 12 - Dec 13)

Postby behappyalways » Tue Jan 14, 2014 4:52 pm

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Re: Europe - Economic Data & News 09 (Mar 12 - Jan 14)

Postby winston » Sun Jan 19, 2014 4:03 pm

The "Draghi Asset Bubble" – the rise in European asset prices thanks to European Central Bank chief Mario Draghi's adoption of the monetary policies established by Federal Reserve Chairman Ben Bernanke – is in full swing…

Shares of the iShares MSCI Spain Fund (EWP), which holds the stocks of many of Spain's largest companies, hit a two-year high last week.

Also, at its first government bond auction of the year, Spain recently sold nearly $7.2 billion in five-year debt – more than its target. The maximum yield on that debt was 2.411% – the lowest yield Spain achieved since adopting the euro currency. The previous low was 2.644%.

The auction came the same week as an oversubscribed bond sale from Ireland. On the same day, Portugal and Spanish bank Bankia also tapped the debt markets.

Sentiment in Europe is improving…

Source: Growth Stock Wire
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Re: Europe - Economic Data & News 09 (Mar 12 - Jan 14)

Postby behappyalways » Thu Jan 23, 2014 11:36 am

Crippled eurozone to face fresh debt crisis this year, warns ex-ECB strongman Axel Weber
http://www.telegraph.co.uk/finance/fina ... Weber.html
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Re: Europe - Economic Data & News 09 (Mar 12 - Jan 14)

Postby behappyalways » Wed Jan 29, 2014 4:59 am

Whatever happened to the eurozone crisis?
http://www.bbc.co.uk/news/world-europe-25931829
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Re: Europe - Economic Data & News 09 (Mar 12 - Jan 14)

Postby behappyalways » Fri Jan 31, 2014 9:28 pm

Argentina is no danger to the world - but the eurozone is
http://www.telegraph.co.uk/finance/fina ... ne-is.html


Italy is wasting away month by month
http://blogs.telegraph.co.uk/finance/am ... -by-month/
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