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Posts Tagged ‘European economy’

The deputy general secretary of the PSOE federal and Minister of Public Works, José Blanco, branded the national president of the PP, Mariano Raja, “bogus patriot” and warned that its objective is “to make adjustments horse” in the European economy.

On the Feast of the Rose, White visited the town this morning Areca Saragossa, where he staged a rally-lunch for more than 1,200 activists and supporters, among whom he predicted that the PSOE would win the regional and municipal elections of 2011 and the 2012 general.

So, asked all participants to avoid being “fooled” because behind all the “populist proposals” by Mariano Raja is the aim of “winning the election on the back of the crisis and then make a horse fit and throw the Zapata blame.”

In this regard, said a few days ago has been validated as the Royal Decree Law of adjustment, and that the PSOE did not have a positive vote of the PP and Raja, a “patriot cheesy”, while other nationalist parties (CIO) had “more sense of state” that the PP who recommended “less wrapped in the flag of Spain and more committed” to the real interests.

The minister asked how to say that the PP is the party of the workers “looking at the face of Raja” and deplored the “hypocrisy” of the secretary general of the PP, Dolores de Co pedal, who recalled his “Palestinian scarf” Raja and challenged to explain “what change and how” the proposed labor reform.

Ace a few days the European Commission announced the contents of the much-heralded European Digital Agenda, the first of seven flagship initiatives under the 2020 European Strategy for smart growth, sustainable and integrated. It has set seven objectives, which will translate into a hundred steps, thirty of which are legislative in nature.

I hope this new European Union strategy, as necessary for future development of the European economy more successful than its predecessor does, the Lisbon Agenda does. Having examined the various documents submitted an ambitious proposal seems critical to the economic fortunes and welfare of Europeans in the coming years.

The implementation of the European Digital Agenda, contribute significantly to economic growth in the EU and distribute the benefits of the digital age among all sectors of society. As also contained a report by the Commission on the digital competitiveness of the European economy, half the productivity growth recorded in the last fifteen years has already been promoted by information technology and communications. See previous entry: The European Commission said the investment in the digital economy remains crucial. However, although it is expected that this trend will accelerate, Europe will need to apply a series of measures to exploit fully the potential benefits of the digital economy.

Economists and analysts said in recent days the possibility that the United States suffer a recession due to double Europe’s financial crisis, caused by the ballooning budget deficit of Greece, Spain and Portugal.

The Nobel laureate economist Joseph Stilts said last week the international press that a strong dollar and a weak European economy increased the possibility of two U.S. recessions.

Such a scenario sparked investor nervousness, which caused the three major U.S. stock indexes posting their worst May since 1940, when Franklin Delano Roosevelt held the presidency of the United States.

During this month, which officially ended last Friday in the U.S. after the Memorial in War-the three main stock indexes recorded a loss of eight percent from April.

On 5 May, the Dow Jones index in New York lost almost a thousand points in minutes, a drop caused in part by a technical error still completely unclear.

During this month weighed Greece’s inability to finance its budget deficit, disclosed by the loan of billion-trillion dollars, in English-committed to the country by the European Union (EU).

In addition, uncertainty about the future of Europe increased in recent days to rescue the bank in Spain Camases and because the stock rating cut by Fitch is rating grade sovereign debt of that country.

Fitch followed the example of other rating agencies, which had already downgraded the sovereign debt of Spain, the same as that of Portugal and Greece.

European Financial difficulties have pushed the euro to its lowest valuation since April 2000, with a low monthly until 28 May to 7.7 percent against the dollar.

The crisis in Europe, analysts, could affect the U.S. economy is in a first stage of recovery and with an unemployment rate remains at 10.0 percent.

During the week, the secretary general of the Organization of Trade in Europe, John Monks, said that Europe was heading to another stage of contraction, if not place more resources to the continent.

For his part, economist at New York University who predicted the recession started in 2008, Muriel Robin, has indicated that a stock market decline of 20 percent is likely in the coming months.