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added: 15-04-2008

In 2007, Member States' contributions to the European Union budget almost exactly matched the agreed spending for the year so that there was the smallest EU budget surplus ever with a 90% drop from 2000 and a steady 17% decrease from 2006.

Fitch: Innovative European Mortgage Products Add Bullet Risk

added: 15-04-2008

Fitch Ratings says innovative mortgage products offered by European lenders can add a 'bullet risk' to the borrower under certain interest rate scenarios - an aspect that the agency carefully analyses during its RMBS rating process.

Industrial Production up by 0.3% in Euro Area in February 2008

added: 14-04-2008

In February 2008 compared with January 2008, seasonally adjusted industrial production grew by 0.3% in the euro area (EA15) and by 0.5% in the EU27. In January production rose by 0.6% and 0.7% respectively. In February 2008 compared with February 2007, industrial production rose by 3.1% in the euro area and by 3.3% in the EU27.

Fitch: French Banks Hit By The Financial Crisis

added: 14-04-2008

Fitch Ratings has said in a report that the trend of regular growth in major French banks' bottom line results came to an end in 2007, when a 27% fall in reported net income was recorded by the eight largest banking groups on an aggregate basis.

Social Europe Can Take on Globalisation, Says New EU study

added: 11-04-2008

The European social model is more valid than ever, but needs to get in better shape to take on the challenges posed by globalisation, says a major new study presented by the European Commission.

MEPs approve EUROSTARS programme: €400 million for research-driven SMEs

added: 11-04-2008

Research and development performing SMEs will soon receive transparent and non-bureaucratic support for their research activities. The European Parliament gave its green light to a compromise package, negotiated with Council beforehand, to co-finance the EUROSTARS funding programme for R&D-driven SMEs to the tune of €100 million from Community funds, participating countries will jointly provide €300 million.

The Leading Index for Spain Increased 0.1 Percent in February 2008

added: 11-04-2008

The Conference Board announced that the leading index for Spain increased 0.1 percent and the coincident index increased 0.2 percent in February.

Euro Area Investment Fund Statistics in the 4th Quarter 2007

added: 11-04-2008

The total assets of euro area investment funds decreased to EUR 5,780 billion at end-December 2007, from EUR 5,892 billion in September 2007. This development was mainly due to a fall in the amount outstanding of shares and other equity, from EUR 2,166 billion to EUR 2,074 billion.

Euro Area MFI Interest Rate Statistics in February 2008

added: 11-04-2008

In February 2008 the majority of euro area average MFI interest rates on new loans were lower than in the previous month, while developments in euro area average MFI interest rates on new deposits were mixed.

OECD: Hungary Must Consolidate its Public Finances

added: 10-04-2008

A new OECD Report: Reforms for Stability and Sustainable Growth: an OECD Perspective on Hungary emphasises the need to persevere in the ongoing programme of fiscal consolidation and to forge ahead with structural reforms for Hungary to resume the process of catching up with the better performing OECD countries.

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