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Ahead of the 4 th European Development Days, a Special Eurobarometer on "Development Aid in time of economic turmoil" shows that the crisis affecting European countries did not affect public support for development aid, which still remains high.
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Fitch Ratings says in a report that the Spanish banking system has weathered the global financial crisis successfully to date with no need for capital support from the state. This is due to its retail banking focus, prudent regulation and limited exposure to structured products and complex instruments. However, the strong economic adjustment that Spain is experiencing, the sharp rise in unemployment in a short period and a large exposure to the Spanish property sector have had knock-on effects on revenue and domestic loan quality, affecting the banks' H109 operating profitability.
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The first estimate for the euro area (EA16) trade balance with the rest of the world in August 2009 gave a 4.0 bn euro deficit, compared with -11.3 bn in August 2008. The July 2009 balance was +12.3 bn, compared with -4.6 bn in July 2008. In August 2009 compared with July 2009, seasonally adjusted exports fell by 5.8% and imports by 1.3%.
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Euro area annual inflation was -0.3% in September 2009, down from -0.2% in August. A year earlier the rate was 3.6%. Monthly inflation was 0.0% in September 2009.
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The European Commission presented a Progress Report outlining the achievements of the EU’s Integrated Maritime Policy (IMP) over the past two years and looking out into its future. Alongside this, the Commission has tabled concrete proposals on two major IMP issues – the integration across sectors and countries of maritime surveillance and the international dimension of Europe’s maritime policy.
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The total assets of euro area investment funds increased to EUR 4,540 billion at end-June 2009, from EUR 4,099 billion in March 2009.1 This development was mainly due to a rise in the amount outstanding of shares and other equity, from EUR 1,043 billion to EUR 1,240 billion, and of securities other than shares, from EUR 1,699 billion to EUR 1,867 billion.
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In August 2009 compared with July 2009, seasonally adjusted industrial production grew by 0.9% in the euro area (EA16) and by 0.6% in the EU27. In July production increased by 0.2% and 0.3% respectively.
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The Monster Employment Index Europe dipped in September, as offerings fell three points (three percent). Reduced hiring was noted in the public sector, with previously strong areas such as education and healthcare now showing decreasing trends.
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ProLogis, a leading global provider of distribution facilities, announced the release of a new research report on the state of the industrial property markets in Europe, entitled "Looking for the Rainbow."
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The Conference Board Leading Economic Index™ (LEI) for Spain increased 1.8 percent. The Conference Board Coincident Economic Index™ (CEI) decreased 0.2 percent in August.
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