The Germany Ministry of Finance considers there is a risk that the current economic recovery will not be sustainable, writes Reuters.
“Despite a categorically improved economic outlook, it is not clear, for now, if the period of stability will continue. This could have this year, negative effects on the labor market “, says a report from [...]
The U.S. economy is no longer in an “urgent” situation and seems to have entered in a slow process of revival, but the government must address the secondary effects of the huge stimulus programs, particularly the strong increase of public debt, according to billionaire Warren Buffett.
“The country will have to face the side effects of [...]
Saved from bankruptcy by massive aid from the government, U.S. banks are again in a position to provide big financial bonuses to bankers, although they have been accused in many areas of causing the current crisis to start in the first place.
Critics charge that, in order to gain as large a bonus as possible, bankers [...]
President Barack Obama warned on Saturday that it will take months for the U.S. to fully emerge from recession, even if data on gross domestic product showed that the economic decline was modest in the second quarter.
The U.S. economy has contracted in the second quarter with 1%, below estimates, as the decline of business and [...]
The unemployment rate in June passed the threshold of 10 percent in 16 U.S. states, while in Michigan the unemployment rate went over 15 percent. This is the first time a state has registered that high an unemployment rate since 1984, according to the U.S. Department of Labor.
In comparison, in May, the unemployment rate [...]
The banks Citigroup and Bank of America continued good progress in announcing first quarter profits of $4.2 billion (3 billion euro) and $2.4 billion ( 1.7 billion euro).
In the same period last year, Citigroup, the beneficiary of aid $ 45 billion (32 billion euro) from the American state, made a loss of $ 2.5 billion, [...]
The annual inflation rate in the European Union fell in June for the first time, according to preliminary estimates by the Statistical Office of the European Union, Eurostat. Inflation went from 0% in May to -0.1% in June, just in the negative zone.
The data on inflation in the EU, in each Member State [...]
The Federal Reserve Bank has tried to hide the pressure it applied to Bank of America to buy the faltering investment bank Merrill Lynch, charged Darrell Issa of the House Oversight and Government Reform Committee.
The Fed has deliberately hidden in front of other federal regulatory agencies relevant details related to the merger, said Issa. Fed [...]
Emerging countries will grow faster compared with those of developed nations after emerging from the world economic crisis, and banks that have operations in these markets will benefit from of a number of advantages, according to the head of a group that owns Renaissance Capital, the largest investment bank in Russia, writes The Guardian.
“If we [...]
According to an analysis conducted by rating agency Standard & Poor’s, he public debt of the United Kingdom is approaching 100% of GDP. This situation might lead the agency to downgrade its investment rating of Great Britain. The loss of investment rating of “triple A”; would be a disaster for the Labor government led by [...]
The global economic recovery will be slow, increasing unemployment worldwide which raise the threat of social crisis and protectionism, said World Bank president, Robert Zoellick, in an interview for Spanish newspaper El Pais.
“What began as a major financial crisis and become a major economic crisis now turns into a crisis of unemployment, and if we [...]
