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Transaction Tax Necessary to Meet Development Needs, say MEPs

added: 26-03-2010

EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and consider a possible temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, say MEPs in a resolution adopted on Thursday. At least 25% of the EU's CO2 emission trading revenue should be allocated to the fight against climate change in developing countries, they add.

Industrial New Orders Down by 2.0% in Euro Area in January 2010

added: 25-03-2010

In January 2010 compared with December 2009, the euro area (EA16) industrial new orders index fell by 2.0%. In December 2009 the index rose by 0.8%. In the EU27 new orders decreased by 0.2% in January 2010, after an increase of 0.9% in December 2009. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 1.3% in the euro area and by 0.1% in the EU27.

The Conference Board Leading Economic Index® (LEI) for Germany Increased 0.5 Percent in January 2010

added: 25-03-2010

The Conference Board Leading Economic Index® (LEI) for Germany increased 0.5 percent and The Conference Board Coincident Economic Index® (CEI) remained unchanged in January.

Greece - Quick Action Needed to Tackle Rising Youth Unemployment, says OECD

added: 25-03-2010

Young people in OECD countries have been hit hard by the economic crisis. In Greece, the already high youth unemployment rate could rise further in the coming months, according to a new OECD report.

Euro Area Investment Fund Statistics in January 2010

added: 24-03-2010

In January 2010, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was higher than in December 2009. This increase was due to net issues of shares/units, which was partly offset by decreases in share/unit prices.

The Conference Board Leading Economic Index® (LEI) for France Increased 0.8 Percent in January 2010

added: 24-03-2010

The Conference Board Leading Economic Index® (LEI) for France increased 0.8 percent and The Conference Board Coincident Economic Index® (CEI) remained unchanged in January.

40% of Municipal Waste Recycled or Composted in 2008

added: 22-03-2010

In the EU27, 524 kg of municipal waste was generated per person in 2008. 40% of this municipal waste was landfilled, 20% incinerated, 23% recycled and 17% composted. The average amount of waste generated in the EU27 was virtually unchanged from 2007 (525 kg per person).

Euro Area External Trade Deficit 8.9 bn euro in January 2010

added: 19-03-2010

The first estimate for the euro area (EA16) trade balance with the rest of the world in January 2010 gave a 8.9 bn euro deficit, compared with -12.1 bn in January 2009. The December 20092 balance was +4.1 bn, compared with -1.7 bn in December 2008.

Regional Development: MEPs Back Fast-Track Funding to Boost Economic Recovery

added: 19-03-2010

Regional development projects in EU Member States will get faster and easier access to EU structural funding, thanks to new rules backed by the Regional Development Committee. As part of the EU's "anti-crisis" measures, advance payments will be increased for projects that help create jobs in countries worst hit by the downturn.

Euro Area Hourly Labour Costs Rose by 2.2% in the Fourth Quarter of 2009

added: 18-03-2010

Hourly labour costs in the euro area (EA16) rose by 2.2% in the year up to the fourth quarter of 2009, compared with 3.0% for the previous quarter. In the EU27, the annual rise was 2.4% up to the fourth quarter of 2009, compared with 2.9% for the previous quarter.

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