The Spaniards prefer instead bailout,would ask for ECB help

Last Updated on Wednesday, 12 September 2012 06:06 Written by agnieszka Wednesday, 12 September 2012 03:02

“The only growth mechanism announced by the central bank could be considered “- the Helsinki Sanomatnak Rajoy said. It is conceivable that the nation-wide call for rescue package “- said the business newspaper Kauppalehti.Mario Draghi, President of the ECB on 6 September announced the organization’s new bond purchase program, under which no upper limit to buy the troubled euro zone states kötvényeiből. The sterilized, primarily focused on 1-3 year maturity securities purchases on condition that the Member State so request and are valid to judge a strict conditionalities European rescue package. Mariano Rajoy, said the government will closely examine under what conditions coupled with the ECB’s program, but I do not accept that other steps to reject the budget. “I’m ready to cut the deficit, but others can not tell you how this will proceed,” – said the Minister.

German can legally save European Union

Last Updated on Wednesday, 12 September 2012 02:55 Written by agnieszka Wednesday, 12 September 2012 02:55

The German Constitutional Court on Tuesday decided to not conflict with the country’s constitution and legal system of the euro zone rescue fund established EU crisis management and the new European fiscal pact.
This basically means that the euro crisis has been averted major obstacle to the solution of which is one and a half years of the serious uncertainty in the markets. The Board has indicated, there are certain circumstances, such as to guarantee that the planned 190 billion euros to the Euro saved no more to spend.The German constitutional court Wednesday morning announced the decision of whether permanent crisis in the euro zone base, and the European Union fiscal pact rules contrary to or not such tight control of maneuver German constitution.The Board decided to reject the groundless qualifies and the ratification of the EU rules in Germany – German law fit – to prevent starting submissions. Peter Gauweiler Christian Social politicians rejected submissions, which were concerned that the rescue package will not launch until the European Central Bank revokes the country debts for buying decision.The College is a two-stage decision-making process, the first phase was concluded. Voßkuhle Andreas, Chairman of the German Constitutional Court pointed out that the recent decision of a temporary euro rescue package. The main question then hold a hearing. Now basically it was decided that the EU mechanism is compatible with the principles of the German legal system.

U.S. trade deficit reached USD42.0 billion in July.

Last Updated on Tuesday, 11 September 2012 04:41 Written by agnieszka Tuesday, 11 September 2012 04:41

According to U.S. Bureau of Analysis, country’s negative trade balance extended to USD42.0 billion in July.
As the report says, country’s imports totaled at 225 billion dollars, while exports reached 183 billion.
Today’s reading is still below economists estimations for deficit of USD44.2 billion.

German WPI higher than expected…

Last Updated on Tuesday, 11 September 2012 04:33 Written by agnieszka Tuesday, 11 September 2012 04:33

The Federal Statistics Office informed today that wholesale price index in Germany advanced more than forecasted in August.
After gaining 0.3% in July, index improved by 1.1% last month, which is much more than estimated growth.
Comparing with 2011 WPI gained 3.1% in August 2012.

Europe: Sentix investor confidence index

Last Updated on Monday, 10 September 2012 04:07 Written by agnieszka Monday, 10 September 2012 04:07

According to market research group Sentix confidence of European investors grew over last couple of weeks. Index prepared by the group, expressing confidence among investors increased in September. From negative reading of 30.3 points in August, last month indicator jumped up to minus 23.2, which is higher than analysts’ expectations.
The couple EUR/USD was traded at 1.2783 after data release.

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