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Last Updated: Mar 19, 2010 - 6:01:52 AM |
News
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European
Ireland in group of innovation followers with above average performance according to 2009 European Innovation Scoreboard
Ireland is in the group of innovation followers, with an innovation performance above the EU27 average, according to the 2009 European Innovation Scoreboard (EIS) published on Wednesday. Ireland's rate of improvement is just below that of the EU27. Relative strengths, compared to the country’s average performance, are in human resources and economic effects and relative weaknesses are in firm investments and throughputs.
Mar 18, 2010 - 5:57:46 AM
News
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European
IMF's Strauss-Kahn says closer cooperation needed in Europe; Commission warns Eurozone’s four biggest countries and Ireland growth forecasts too optimistic
The global financial crisis has heightened the need for closer international cooperation, globally and in Europe, to help avoid future crises such as the one the world economy just went through, IMF Managing Director Dominique Strauss-Kahn told the European Parliament on Wednesday. Also yesterday, the European Commission warned the Eurozone’s four biggest countries - - Germany, France, Italy and Spain - - and Ireland that their economic growth forecasts for the coming three years were too optimistic.
Mar 18, 2010 - 5:25:09 AM
News
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European
German investor confidence was stable in March; Eonomic analysts expect the economy to slowly recover in coming months
German investor confidence was stable in March, as economic analysts expect the economy to slowly recover in coming months, the ZEW economic research institute said today.
Mar 16, 2010 - 3:16:45 PM
News
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European
Eurozone annual inflation down to 0.9% in February; EU27 down to 1.4%
Eurozone annual inflation was 0.9% in February 2010, down from 1.0% in January. A year earlier the rate was 1.2%. Monthly inflation was 0.3% in February 2010. EU27 annual inflation was 1.4% in February 2010, down from 1.7% in January. A year earlier the rate was 1.8%. Monthly inflation was 0.3% in February 2010. These figures come from Eurostat, the EU statistics office.
Mar 16, 2010 - 2:52:39 PM
News
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European
European car sales rose in February despite a post-scrappage scheme plunge in Germany
The European Automobile Manufacturers Association (ACEA - - Association des Constructeurs Europeens d'Áutomobiles ), which represents the interests of the fifteen European car, truck and bus manufacturers at EU level, reported today that new passenger car registrations in the EU (ex- Cyprus and Malta) increased by 3.0% in February, and by 7.9% over the first two months of the year, compared to the same period in 2009 - - despite a sales plunge in Germany following the end of the publicly funded car scrappage scheme.
Mar 16, 2010 - 8:58:04 AM
News
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European
Eurozone finance ministers agree on how support package for Greece would be provided if the need quickly arises
Eurozone finance ministers agreed on Monday night how a support package for Greece would be provided if the need quickly arises. However, loan guarantees are not part of the deal.
Mar 16, 2010 - 5:19:28 AM
News
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European
Employment in the Eurozone fell a record 2.7 million in 2009; One in three unemployed persons in the EU27 have been jobless for over a year
Employment in the Eurozone fell a record 2.7 million in 2009 according to the EU statistics agency, Eurostat. One in three unemployed persons in the EU27 have been jobless for over a year.
Mar 15, 2010 - 1:46:59 PM
News
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European
Eurozone finance ministers meet to discuss Greece; French Economy Minister urges Germany to cut trade surplus and boost demand
Eurozone finance ministers meet today in Brussels and are expected to reach agreement on support for Greece as it struggles to cut its budget deficit and refinance its public debt. Meanwhile, French Economy Minister Christine Lagarde has urged Germany to cut its trade surplus and expand domestic demand because the competitiveness of other members of the common currency area is threatened.
Mar 15, 2010 - 7:40:19 AM
News
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European
Eurozone industrial production surged in January; December was revised up; Chemical sector boosted Irish production by 15.3% in month
Eurozone industrial production surged in January posted its biggest monthly increase on record and figures for December were also revised upward. The foreign-owned chemical sector boosted Irish production by 15.3%.
Mar 12, 2010 - 11:37:45 AM
News
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European
German housing completions in 2009 fell to lowest level in at least 50 years
Deutsche Bank says in 2009, the German housing market sector fell to its lowest level in at least 50 years -- at least with regard to housing completions. Frequently cited concerns about another housing shortage are highly exaggerated, however; only in a few urban areas is a severe housing shortage likely to materialise.
Mar 11, 2010 - 8:16:26 AM
News
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European
German manufacturing sector turnover and industrial output grew in January despite the severe weather
The German federal statistics office Destatis, reported today that on the basis of provisional data, the manufacturing sector saw turnover rise in real terms adjusted for seasonal factors, 1.0% in January 2010 compared with December 2009. Domestic turnover increased by 1.8% and business with foreign customers was on the level of the preceding month. Meanwhile, the Economics Ministry announced today that German industrial output also increased in January despite severe weather.
Mar 9, 2010 - 1:31:31 PM
News
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European
Merkel backs EMF fund proposal for Eurozone
German Chancellor Angela Merkel on Monday welcomed proposals for a so-called European Monetary Fund (EMF), that would aid a Eurozone member country at a time of economic crisis, similar to the role of the International Monetary Fund (IMF).
Mar 9, 2010 - 3:43:26 AM
News
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European
Private sector activity in Northern Ireland fell at the fastest rate in ten months in February
The Ulster Bank Northern Ireland PMI (Purchasing Managers' Index) report – produced for Ulster Bank by Markit – signalled that business activity fell sharply in February, denting hopes that the steep contraction at the start of the year was only a temporary snow-related set back. At 42.4, down from 43.9 in January, the seasonally adjusted Business Activity Index pointed to the fastest rate of decline for ten months.
Mar 8, 2010 - 2:12:38 PM
News
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European
Germany gives crucial backing for the creation of a "European Monetary Fund" that would act like the IMF in supporting Eurozone countries
Germany has given crucial backing for a proposal to create a "European Monetary Fund" that would act like the International Monetary Fund (IMF) in providing support for economically troubled member countries of the Eurozone.
Mar 8, 2010 - 4:02:50 AM
News
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European
Entrepreneurship in Germany: what should be learned from Silicon Valley?
The new German government initiative “Gründerland Deutschland” (startup nation Germany) aims to increase the number of business startups and looks to the US Silicon Valley for inspiration. This is a good beginning. However, it should go even further, for it is not the number of startups that is crucial but their innovative strength and ability to succeed in the marketplace, according to Deutsche Bank economist Thomas Meyer.
Mar 5, 2010 - 10:23:33 AM
News
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European
Trichet says ECB will continue to provide liquidity to Eurozone banks at "very favorable conditions"
European Central Bank (ECB) President Jean-Claude Trichet said today that the ECB would continue to provide liquidity at "very favorable conditions." He confirmed that the central bank will continue to provide Eurozone banks with as much liquidity as needed through its main refinancing operations.
Mar 4, 2010 - 3:04:10 PM
News
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European
European Central Bank keeps benchmark rate at 1%; Bank of England kept its key rate at 0.5% - - the lowest since 1694
The European Central Bank (ECB) as expected kept its benchmark interest rate on hold at 1.0%, at a meeting of the governing council in Frankfurt, today. The ECB president, Jean-Claude Trichet, will address a press conference and he is expected to be questioned on the economic woes of Eurozone member Greece and on the exit from emergency lending. In London, the Bank of England kept its key rate at 0.5% - - the lowest since 1694.
Mar 4, 2010 - 1:09:55 PM
News
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European
House prices in Europe remain above long-term average; Further price declines likely in Spain, Ireland, the Netherlands, Italy and France
House prices in Europe remain above long-term average and further price declines are likely in particular in markets in Spain, Ireland, the Netherlands, Italy, France and to a lesser extent in the UK.
Mar 4, 2010 - 5:15:09 AM
News
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European
Greece announces €4.8bn austerity plan
Greece today announced a €4.8bn austerity plan of pension freezes and tax hikes to tackle the country's big budget deficit.
Mar 3, 2010 - 12:58:52 PM
News
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European
Recovery in Eurozone service sector remained fragile in February
The final Eurozone Services Business Activity Index posted 51.8 in February, down from 52.5 in January, to signal an increase in service sector activity for the sixth successive month but nevertheless, signalling a fragile recovery. However, the rate of growth was only modest and the weakest since last September. It was also below the earlier flash estimate.
Mar 3, 2010 - 9:34:46 AM
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