BERLIN - A third of Europeans have no savings at
all, while in Spain and Italy half of the population is using up money put
aside, a survey carried out by the German pollster TNS on behalf of ING Bank
shows. The study was carried out on over 14,000 adults in Austria, Belgium,
Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Poland,
Romania, Slovakia, Spain, Turkey and the UK. The country with the fewest savers
was Romania, where almost half (48%) of respondents said they have no savings,
while Luxembourg had the most (89%). The evolution of personal savings in the
past year showed they decreased among 52 percent of Italians and 47 percent of
Spaniards. In Turkey and Great Britain, however, almost half of their citizens
were able to set aside more money in the past 12 months. Asked whether they
were happy with the state of their savings, Dutch and German were the most happy
(47% and 46%), while Czechs, Italians and Spaniards the most unhappy (38% and
36%). Most respondents - over two thirds - said they were not able to spend as
much on hobbies, clothes and body care. Education and health were the least
touched. On average, there are more Europeans who say they would be able to
live from their savings for three months (49%) than those who say they could not
(47%).
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, February 2, 2013
BERLIN - A third of Europeans have no savings at
all, while in Spain and Italy half of the population is using up money put
aside, a survey carried out by the German pollster TNS on behalf of ING Bank
shows. The study was carried out on over 14,000 adults in Austria, Belgium,
Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Poland,
Romania, Slovakia, Spain, Turkey and the UK. The country with the fewest savers
was Romania, where almost half (48%) of respondents said they have no savings,
while Luxembourg had the most (89%). The evolution of personal savings in the
past year showed they decreased among 52 percent of Italians and 47 percent of
Spaniards. In Turkey and Great Britain, however, almost half of their citizens
were able to set aside more money in the past 12 months. Asked whether they
were happy with the state of their savings, Dutch and German were the most happy
(47% and 46%), while Czechs, Italians and Spaniards the most unhappy (38% and
36%). Most respondents - over two thirds - said they were not able to spend as
much on hobbies, clothes and body care. Education and health were the least
touched. On average, there are more Europeans who say they would be able to
live from their savings for three months (49%) than those who say they could not
(47%).
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Obama has now nominated Chuck Hagel to become his new secretary of defense. Hagel, a former Republican senator and decorated combat veteran of the Vietnam War, gave Obama an Eisenhower biography as a gift and wants to keep today's GIs out of harm's way. Indeed, Hagel shares Obama's global vision of "leading from behind" -- whether it's in Libya or, more recently, in Mali, where the US is happy to let France take the lead.
Still, this new division of duties isn't the end of the world anymore than cuts in US military spending are. They are easier to implement than the grumbling military brass lets on. The real drama would be if America decided to completely retreat behind its own borders.
The fact is that, when it comes to America's standing in the world, the Obama-Biden team has made up a lot of ground. But its foreign policies have yielded hardly any real results. Indeed, even the Brookings Institution, the respected Washington-based think tank, believes that Obama has yet to chalk up many foreign policy successes.
In countries that take a hostile stance toward America, such as Pakistan, Obama is just as unpopular as Bush was -- perhaps as a result of deploying more drones than diplomats. It appears more likely than ever that Iran will develop nuclear weapons, the battle against climate change is stalling, the Israelis and Palestinians are back at each other's throats, and Sino-Western relations are still on shaky ground
The world’s biggest currency traders are reporting a jump in volumes in 2013 as a slide in the yen, pound and Swiss franc increase anticipation of future price swings to a five-month high.
Barclays Plc, the third-largest dealer based on Euromoney Institutional Investor Plc data, said this month that volumes for the yen versus the euro climbed to a daily record and trading across all currencies has risen to the most in a year. Citigroup Inc. said turnover in the yen was “very high,” while Deutsche Bank AG, the largest dealer, said a calming of euro-area tensions spurs demand for higher-yielding assets.
The yen is the worst performer this year of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes, sliding 5.6 percent, as new Prime Minister Shinzo Abe presses the central bank to boost stimulus to spur growth. The pound declined 3.3 percent.
The Swiss currency slid to the weakest since May 2011 versus the euro on Jan. 18, while sterling depreciated to a 13-month low against the common currency today as demand for safer assets waned.
A gauge of implied volatility for Group-of-Seven currencies compiled by JPMorgan Chase & Co increased to 8.70 percent at 12:02 p.m. London time after rising to 9.19 percent on Jan. 18, the highest level since Aug. 2. The index has climbed from last year’s low of 7.09 percent on Dec. 17, which was the least since July 2007.
Read Latest Breaking News from Newsmax.com http://www.moneynews.com/FinanceNews/currency-dealers-yen-dollar/2013/01/30/id/488026#ixzz2JiyDBLkm
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