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Showing posts with label Irish Independent. Show all posts
Showing posts with label Irish Independent. Show all posts
Sunday, December 6, 2015
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Sunday, March 31, 2013
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They starve the real economy of working capital. It was decided in the
European looney union that every banks was too big to fail. Now they have
decided to let whole countries go to the wall because their banking policies
were another disaster. Hans Werner Sinn suddenly copped that the obligations of
the top 6 debtor countries is over 8.3 trillion. The gloves are off and now they
are in confiscatory mode not just hitting bond holders but large depositors who
are going to have to flee very fast if they are to escape with their wealth.Make
you laugh when you see Osborne, in the middle of all this, trying to buy the
next election taking people for complete fools by handing them loans they would
otherwise be able to afford. People should consider that act of treachery as
tantamount to being handed a long length of rope with which to hang themselves
and their families. Forget Osborne and his ilk, keep saving and you will get
them for the price of your savings in due course.
Sunday, November 11, 2012
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"Europe is going through a difficult process of macroeconomic rebalancing, which will still last for some time," said the economic and monetary affairs commissioner, Olli Rehn. "Europe must continue to combine sound fiscal policies with structural reforms to create the conditions for sustainable growth to bring unemployment down from the current unacceptably high levels."
Brussels blamed the deepening sovereign debt crisis and financial market concerns about a possible breakup of the eurozone for the "disappointing" growth performance in 2012. It said domestic demand would make no contribution to eurozone GDP in 2013 as the lack of jobs and tax increases hit consumer spending.
The commission expressed confidence that by 2014 the benefits of the austerity programmes would bear fruit, leading to expansion of 1.4%.
Although the UK is expected to grow by just 0.9% next year, Brussels believes it will expand more quickly than any of the major economies of the eurozone. The commission has pencilled in growth of 0.8% for Germany, 0.4% for France, a contraction of 0.5% for Italy and a retrenchment of 1.4% for Spain. In all cases the predictions are for output to be weaker than expected by national governments, leading to budget deficit reduction targets being missed.
Greece is one eurozone economy where the commission's forecasts are less pessimistic than those of the government. The EU executive believes the Greek economy will shrink by 6% this year and 4.2% in 2013 before finally emerging from a six-year slump with growth of 0.6% in 2014. The government is assuming contraction of 6.5% in 2012, 4.5% in 2013 and growth of 0.2% growth in 2014.
Monday, November 8, 2010
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Shimon Galon, the head of GTC Romania real estate developer, says the retail market is going to collapse unless the Government takes steps to make consumers start buying again, considering developers and retailers have already done all they could to attract clients. "Last year, everything stood still, this year started better, but after the Government's measures, buyers have been disappearing over the recent months. Some have run out of money, and those who still have money push it deeper in their pockets.
The change can only come from the Government. No private investor can make the market move again. Everything that was up to investors has been done: developers have offered smaller rents, retailers have offered discounts," stated Shimon Galon, CEO with GTC, a major developer domestically.The retail market has been the hardest hit after public workers' salaries were cut by 25% and the VAT was raised."On the retail market, the problem is simple. People will not buy, and retailers are not selling. (...) The number of visitors has risen, people are coming to malls, but are not buying. I cannot say I do not have retailers or visitors, but if we do not find a solution for people to start buying, the market is going to collapse," Galon said.sex,matures,mother,xhamster,adult,adulat video
The change can only come from the Government. No private investor can make the market move again. Everything that was up to investors has been done: developers have offered smaller rents, retailers have offered discounts," stated Shimon Galon, CEO with GTC, a major developer domestically.The retail market has been the hardest hit after public workers' salaries were cut by 25% and the VAT was raised."On the retail market, the problem is simple. People will not buy, and retailers are not selling. (...) The number of visitors has risen, people are coming to malls, but are not buying. I cannot say I do not have retailers or visitors, but if we do not find a solution for people to start buying, the market is going to collapse," Galon said.sex,matures,mother,xhamster,adult,adulat video
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