| Inflation rates in four states dropped to 2% and below. Only inflation in Brandenburg remained above 2% (with 2.1%). As a result, German headline inflation should have dropped in April. Last month, German headline inflation stood at 2.1% YoY based on the national definition and 2.3% YoY based on the harmonised European definition. The April figure looks likely to get close to the ECB's definition of price stability. Looking at the available components at the regional levels shows that lower inflation is mainly a result of lower oil prices. In fact, most other prices in the economy increased compared with last month. Nevertheless, there are rather "normal" price increases in an economy without severe problems than signs of second-round effects. With a renewed weakening of the Eurozone economy and waning inflationary pressure in the Eurozone's economic powerhouse, the ECB looks likely to drop warnings about upside risks to price stability in the near term. The ECB tribute to the Bundesbank could have been short-lived.
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Friday, 27 April 2012
Oil Prices Press EU Inflation Lower
Monday, 23 April 2012
Needed: French Flair And Dutch Courage
The first round of the French presidential elections and political turmoil in the Netherlands could mark the beginning of new controversies on the Eurozone’s crisis management. François Hollande and Nicolas Sarkozy are the two finalists of the French Presidentialelections with 28.5% and 27.1%. Negotiations between the losing candidates and the finalists are likely to be tense. Both Hollande and Sarkozy will now try to get as much support as possible from the losing candidates to win the runoff elections in two weeks. It looks as if François Hollande can probably obtain all support from the left wing without major problems... READ MORE
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Thursday, 19 April 2012
Tuesday, 27 March 2012
German Confidence Drops On Higher Fuel Costs
German consumer confidence dropped for the first time since September last year, indicating that higher energy and particularly fuel prices are increasingly making German consumers anxious. Today's GfK indicator dropped to 5.9, from 6.0. Looking at the March details shows that consumers are still optimistic about the economic outlook but have lowered their income expectations and willingness to buy. by Carsten Brzeski, Senior Economist, ING Belgium |
Wednesday, 21 March 2012
Sarkozy - The Crisis, Moment
"This week’s tragedy may well remind the French of an earlier episode in Sarkozy’s career that first brought him to public attention. In 1993, while mayor of Neuilly-sur-Seine, France’s richest town, Sarkozy walked unarmed into a classroom and personally negotiated the release of children held hostage by a deranged man with an explosive belt, in what became known as the “human bomb” drama. It helped create the alpha male image that would eventually win Sarkozy massive popular support as France’s tough-talking interior minister in 2002-04 and 2005-07."
Full Article, The Telegraph
Full Article, The Telegraph
Thursday, 15 March 2012
Potočnik Visits Brasilia Eco Reserve
Janez Potočnik, Member of the EC in charge of the Environment, visits the IBGE Ecological reserve, Brasilia. The IBGE Ecological reserve, located 35 km from downtown Brasilia, is one of the core areas of the Cerrado Biosphere Reserve created by UNESCO
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