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EU: Limiting The Maximum Working Week To 48 Hours

added: 06-11-2008

The maximum working time in the EU should be 48 hours a week, and the opt-outs from this rule should removed within three years, according to the majority of MEPs in Wednesday’s second reading vote at the Employment and Social Affairs Committee.

A European "Blue Card" For Highly-Skilled Immigrants

added: 06-11-2008

The EU's "blue card" plan to attract highly-skilled immigrants to take jobs in EU economic sectors suffering from skill shortages, modelled on the US "green card" system, needs clearer definitions, said the EP Civil Liberties Committee on Tuesday. The committee proposed clarifications, and more flexibility for Member States, whilst urging them not to "steal" brains from third countries and reaffirming the "Community preference" principle.

The Leading Index for the U.K Declined 1.1 Percent in September 2008

added: 06-11-2008

The Conference Board announced that the leading index for the U.K declined 1.1 percent, and the coincident index increased 0.1 percent in September.

Illegal Immigrants: Penalise Employers, not Workers

added: 06-11-2008

Between 4.5 and 8 million immigrants live illegally in the European Union. Most work in sectors such as the building industry, agriculture and hotels. Civil Liberties Committee MEPs examining a proposed directive to penalise employers of illegal immigrants called on Tuesday for penal sanctions in the worst cases, stressed that immigrants must be paid legally and sought to make companies take responsibility for the practices of their sub-contractors.

Volume of Retail Trade Down by 0.2% in Euro Area in September 2008

added: 05-11-2008

In September 2008, compared with August 2008, the volume of retail trade fell by 0.2% in the euro area (EA15) and by 0.1% in the EU27. In August retail trade increased by 0.3% and 0.4% respectively.

Euro Area Economic and Financial Developments by Institutional Sector: Second Quarter 2008

added: 05-11-2008

In the second quarter of 2008, the annual growth rate of net disposable income in the euro area equalled 2.7%, compared with 3.1% in the first quarter of 2008. The annual growth rate of consumption was 4.2% in the second quarter, which was higher than in the first quarter (4.0%). In the second quarter the annual growth rate of net saving declined to -11.8%, from -4.8% in the previous quarter. The annual growth rate of gross fixed capital formation was 3.8% in the second quarter of 2008, compared with 4.4% in the previous quarter.

Jean-Claude Juncker on Impact of Credit Crisis and Market Regulation

added: 05-11-2008

Jean-Claude Juncker, Chair of the Eurogroup, told the Economic and Monetary Affairs Committee on Tuesday that the risk of the financial system collapsing had diminished, but the real economy was now being affected, and governments should act to help the most vulnerable sections of society. He called for more regulation and supervision of financial markets in future.

MEPs and MPs Debate CAP's Future and World Food Security Role

added: 05-11-2008

The world food price crisis and the climate change debate have put the EU's common agricultural policy (CAP) back in the news spotlight. MEPs and MPs in Brussels on 3 and 4 November for an inter-parliamentary meeting on the future of European agriculture and its global role began reflecting on the CAP's future shape in the context of food and energy challenges.

World Bank Supports Bulgaria In Promoting Jobs, Social Inclusion, And Growth

added: 05-11-2008

The World Bank’s Board of Executive Directors today approved two projects totaling 142 million Euros that aim to strengthen Bulgaria’s integration into the European Union and to raise living standards.

Household Saving Rate at 13.9% in the Euro Area and 10.2% in the EU27

added: 04-11-2008

In the second quarter of 2008, the seasonally adjusted gross saving rate of households was 13.9% in the euro area (EA15).

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