Europe - Economic Data & News 12 (Jul 15 - Dec 16)

[winston]

Step aside, here come Europe's hot economies: Spain and Ireland

Spain's economy motors on at fastest pace since before financial crisis Reuters

IMF paints dim picture for Europe, suggests more money printing may be needed Reuters

LONDON, July 30 (Reuters) - Which are the two fastest growing economies in the euro zone?

Not the big beasts in the core, but the once-struggling peripheral economies of Spain and Ireland.

Spain reported on Thursday that its economy grew 1 percent between the first and second quarters of the year and is running at an annual clip of 3.1 percent.

Ireland, meanwhile, issued a delayed report on its first quarter. It showed a 1.4 percent month-on-month growth for a stunning 6.5 percent annual rate, a pace more associated with an emerging market economy.

By contrast, overall annual euro zone growth is 1.0 percent, with Germany slightly ahead at 1.1 percent.

Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles.

Ireland was bailed out by the European Union and International Monetary Fund. Spain's banks were also aided by EU money.


Source: Reuters

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Greece Is Still Doomed Without Debt Relief
http://www.bloombergview.com/articles/2 ... ebt-relief

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Greece needs €100bn debt relief as permanent depression looms
http://www.telegraph.co.uk/finance/econ ... looms.html

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Germans and Slovaks stand ready to scupper Greek deal as Athens insists agreement is near
http://www.telegraph.co.uk/finance/econ ... -near.html

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Greece reaches new debt deal but critics brand targets 'utterly unachievable'
http://www.telegraph.co.uk/finance/econ ... vable.html

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Greece's creditors publish stark debt analysis as Syriza faces bail-out rebellion
http://www.telegraph.co.uk/finance/econ ... arter.html

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French economy grinds to a halt as German growth disappoints
http://www.telegraph.co.uk/finance/econ ... oints.html

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Greece sells airports to Germans as Bundestag prepares for day of reckoning
http://www.telegraph.co.uk/finance/econ ... oning.html

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Norway: This country's pension fund just lost nearly $9 billion

http://money.cnn.com/2015/08/19/investi ... =obnetwork

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Greece crisis: PM Alexis Tsipras quits and calls early polls
http://www.bbc.com/news/world-europe-34007859


French National Front expels founder Jean-Marie Le Pen
http://www.bbc.com/news/world-europe-34009901