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Personal economic and social concerns are a growing worry for Europeans, says the latest Eurobarometer survey for the 2009 European elections. This survey, done during the financial crisis, also found a clear decline in collective concerns such as terrorism, immigration and climate change. Many more Europeans now know the election dates, although this is not yet reflected in their voting intentions.
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The first estimate for the euro area (EA15) trade balance with the rest of the world in November 2008 gave a 7.0 bn euro deficit, compared with +2.3 bn in November 2007. The October 2008 balance was +0.5 bn, compared with +4.2 bn in October 2007. In November 2008 compared with October 2008, seasonally adjusted exports fell by 4.7% and imports by 2.5%.
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On 1 January 2009, the total number of monetary financial institutions (MFIs) in the euro area stood at 8,350, a net increase of 463 units (5.9%) compared to one year ago. The net increase of 463 units (5.9%) was largely caused by a larger number of MFIs in Ireland (+449) and in Spain (+119). In addition, Slovakia increased the number of MFIs by 40 units when it joined the euro area on 1 January 2009. There are 10,476 MFIs in the European Union (EU).
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The credit crunch is biting as the grim economic chill settles over Europe, leaving many private individuals and businesses alike struggling to make ends meet. Ongoing research by Intrum Justitia across Europe shows that for SMEs it has never been more important to get paid – hopefully on time. Get smart fast in getting paid for goods or services delivered or risk being forced out of business.
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The Conference Board Leading Economic Index for Spain declined 0.5 percent and The Conference Board Coincident Economic Index decreased 0.6 percent in November.
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Euro area annual inflation was 1.6% in December 2008, down from 2.1% in November. A year earlier the rate was 3.1%. Monthly inflation was -0.1% in December 2008.
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The European Parliament debated the latest developments in the Russia-Ukraine-EU gas crisis with many group speakers stressing that Russia and Ukraine should solve their disputes rapidly without blaming one side or the other. EU citizens are suffering, MEPs said, due to a bilateral dispute. MEPs said that both Russia and Ukraine had lost credibility as reliable partners and the EU should therefore increase its efforts to diversity its energy supply mix.
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In November 2008 compared with October 2008, seasonally adjusted industrial production fell by 1.6% in both the euro area (EA15) and the EU27. In October production also decreased by 1.6% in both zones.
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The Monster Employment Index France slipped 16 points in December, marking the second consecutive month of decline, as opportunities fell sharply in the engineering; and production, manufacturing, maintenance and repair sectors. Year-on-year the Index was down 29 points, or 19 percent.
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