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ECB: the Euro Money Market Survey 2009

added: 12-10-2009

The European Central Bank (ECB) is publishing a report entitled "Euro Money Market Survey 2009", which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.

Euro Area MFI Interest Rate Statistics: August 2009

added: 12-10-2009

In August 2009 a large majority of the average MFI interest rates on new deposits and loans, and as well on the outstanding amounts of deposits and loans, decreased further.

Monetary Developments In The Euro Area: August 2009

added: 12-10-2009

The annual rate of growth of M3 decreased to 2.5% in August 2009, from 3.0% in July 2009.1 The threemonth average of the annual growth rates of M3 over the period June 2009 - August 2009 decreased to 3.0%, from 3.4% in the period May 2009 - July 2009.

The Conference Board Leading Economic Index™ for the U.K. Increases Again in August 2009

added: 09-10-2009

The Conference Board Leading Economic Index™ (LEI) for the U.K. increased 0.9 percent, and The Conference Board Coincident Economic Index™ (CEI) decreased 0.1 percent in August.

Financial Crisis: MEPs Demand More Help for Poorest Countries

added: 09-10-2009

The financial crisis is turning into a human one, pushing a further 90 million people into extreme poverty in 2009 alone, warned MEPs on Thursday. The funds pledged are too little, and will arrive too slowly to make the difference that developing countries need. MEPs call for more innovative funding and better worldwide regulation to prevent a further financial crisis.

Commission Calls for Additional €50bn in Low Carbon Technologies

added: 08-10-2009

European Commission called public authorities, business, and researchers to join efforts in order to develop by 2020 the necessary technologies to address climate change, secure EU energy supply and ensure the competitiveness of our economies. In a proposal on "Investing in the development of low-carbon energy technologies", the Commission estimates that an additional investment of €50 billion in energy technology research will be needed over the next 10 years. This means almost tripling the annual investment in the European Union, from €3 to €8 billion.

Euro Area GDP Down by 0.2% and EU27 GDP Down by 0.3% in the Second Quarter of 2009

added: 08-10-2009

Euro area (EA16) GDP fell by 0.2% and EU27 GDP by 0.3% during the second quarter of 2009, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the first quarter of 2009, growth rates were -2.5% in the euro area and -2.4% in the EU27.

EU Incompetence Threatens Air Safety

added: 08-10-2009

With air accidents on the increase, European air safety will continue to be compromised due to the European Transport Commissions failure to de-politicise the enforcement of its own regulations. This was the message delivered to delegates attending the 37th AEI Annual Congress. Despite the recent FAA revelations admitting regulatory oversight lapses in the United States, the arrogance of European politicians unwilling to take on board vital lessons, will continue to pose a serious threat.

Crisis Highlights Urgent Need for Deeper and Broader Macroeconomic Coordination and Surveillance in Euro Area

added: 08-10-2009

The euro acted as a crucial shield against the shock waves inflicted by the worst economic and financial crisis in post-war history. But the crisis also shows the importance to address competitiveness divergences as a matter of common interest and without further delay. Ensuring an efficient internal adjustment that puts the euro area on a sustained and balanced growth path and restores the long-term sustainability of its public finances is the way pointed by the 2009 Annual Statement on the Euro Area.

IFIs Pledge Continued Drive to Support Central and Eastern Europe Through Recovery

added: 07-10-2009

The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.

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