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In 2007, GDP per inhabitant in Luxembourg, expressed in purchasing power standards (PPS), was more than two-and-a-half times the EU27 average, while Ireland and the Netherlands recorded levels about 50% and 30% respectively above average. Austria, Sweden, Denmark, the United Kingdom, Belgium, Finland and Germany were between 15% and 25% above the EU27 average.
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Fitch Ratings says that, whilst underlying credit fundamentals remain strong, the outlook for the European pharmaceutical industry is negative due to a number of key industry challenges facing the sector.
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EU politicians have concluded a landmark deal to boost the development of renewables in Europe and deliver a cleaner and safer energy supply to millions of people, said Greenpeace. The agreement that was struck between EU institutions is a ray of light amid the gloomy stone-age positions of EU member states on the other elements of the EU's "climate package", according to the environmental group.
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Fitch Ratings says that recent decisions by certain UK government-owned lenders to allow homeowners six months of arrears before commencing repossession proceedings will not have an immediate impact upon ratings of UK Residential Mortgage-Backed Securities (RMBS) from these lenders. However, Fitch views the impact of a government proposal last week to introducea two-year interest deferral period for certain distressed borrowers as uncertain, until more details emerge.
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The Monster Employment Index UK decreased by nine points in November to reach a level of 152. This was the largest monthly fall since January as the Index dropped to its lowest level since 2007, reversing moderate growth seen in October.
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The Monster Employment Index France fell 15 points in November, resuming its downward trend following a slight correction in October. The banking, finance and insurance sector registered the sharpest fall in online job demand as the global financial crisis continues to evolve. Year-on-year the Index slumped 14 points, or 8 percent.
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November’s slight increase in online job availability demonstrates that the German labor market is holding up remarkably well in the face of deepening economic concerns. Although the growth trend has gradually flattened during 2008, there were still more online job offerings in November than a year earlier as Germany continued to outperform most other markets in the Index.
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After several rounds of informal negotiations, EP negotiators have reached an agreement with the Council's Presidency on a proposed directive on renewable energies including biofuel targets. The compromise still needs to be formally endorsed by the full Council and put to a first-reading vote at Parliament's December plenary session in Strasbourg.
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In the EU27, 93% of enterprises of ten or more persons employed had access to the internet in January 2008, the same as in January 2007, and 81% of enterprises had a broadband internet connection, up from 77% in January 2007. On average in the EU27, 64% of enterprises had a website in January 2008, compared with 63% in January 2007.
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Online job availability across the EU declined compared to a year earlier for the first time since the inception of the Monster Employment Index Europe in December 2004, ending a four-year growth streak.
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