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Reform At National Level The Key To Improving Growth Rates

added: 19-07-2008

Ten years of Economic and Monetary Union have been a major success, but improving growth rates is largely up to national governments implementing economic reform, MEPs were told at an Economics Committee hearing. Strengthening the international representation of the eurozone was also a key goal.

Practical Preparations For The Euro: Final Countdown For Slovakia

added: 18-07-2008

With only 5½ months to go before the adoption of the euro, Slovakia's preparations are quite advanced but further efforts are necessary. Slovakia last week received the final and formal approval for adopting the euro on 1 January 2009 and the conversion rate was set.

The Leading Index for France Declined 0.5 Percent

added: 18-07-2008

The Conference Board reports that the leading index for France declined 0.5 percent and the coincident index remained unchanged in May.

Oil: Freddie, Fannie, Banks and Shares

added: 18-07-2008

As we have seen twice in the past week, sudden, sharp falls in the oil price produces sharp rises on Wall Street (especially in airline shares). Sharp rebounds see markets swoon, and when added to financial worries, it's a double swoon.

The Market: Black Holes Or Diamonds?

added: 18-07-2008

US investors seem desperate in comparison to pile into shares: the battered banks and financial stocks had their biggest rebound in 17 years and yet no one wanted to own them the day before. All this on a better than expected poor result from Well Fargo, and then a better than expected poor result from JP Morgan? Don't think so.

Penalties For Employers Of Illegal Immigrants Debated By MEPs

added: 18-07-2008

Plans for a directive setting out penalties for employers of illegal immigrants got a generally favourable reception from MEPs taking part in a hearing on Wednesday at the Civil Liberties Committee, but some were concerned it was too harsh.

China Slows, But How Slow?

added: 18-07-2008

China's actual growth rate is now irrelevant: like all statistics its essentially a backward looking system of measuring growth in Gross Domestic Product. China's growth remains solid, but it is slowing: the 10.1% annual rate in the June quarter was the slowest since 2005 and it had an immediate impact on global markets, pushing oil down to its lowest level in six weeks and under $US130 a barrel.

Cleaning Up Heavy Vehicle Exhaust Emissions: New Euro VI Standards Environment

added: 18-07-2008

Proposed tougher limits on harmful exhaust emissions from trucks, lorries and buses, including ozone precursors such as nitrogen oxides and hydrocarbons as well as particles, were backed by the Environment Committee in a report voted on 15 July. MEPs want the new "Euro VI" regulation emission limits to apply de facto from 1.1.2014, nine months earlier than the Commission proposed.

Internet Coupon Usage Up 83% in American Households

added: 18-07-2008

Internet coupons are of increasing interest to consumers, according to a recent analysis by consumer and media measurement firm Scarborough Research. Eleven percent of households currently obtain coupons via the Internet, and this has increased 83 percent since 2005.

Fisheries: Council Agreement On Measures To Address Economic Crisis In The Sector

added: 18-07-2008

Council adopted, by qualified majority, the emergency package of restructuring measures to tackle the fuel crisis in the fisheries sector proposed by the Commission on 8 July. The package will promote the restructuring of those segments of the European fishing fleet which have been hardest hit by the current fuel crisis, while cushioning its short-term social and economic impacts for those who commit to taking long-term action.

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