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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (92060)	7/1/2012 3:06:32 PM
From: Snowshoe	1 Recommendation Read Replies (1) \| Respond to of 219466

>>In the end, Merkel backed down<< So she's now singing "Ich bin eine Keynesianische!" ?

To: elmatador who wrote (92060)	7/1/2012 3:19:42 PM
From: Haim R. Branisteanu	Respond to of 219466

Spain Economy Likely Deteriorated Further In 2Q Says Finance Minister By Jonathan House NAVACERRADA, Spain--The Spanish economy likely deteriorated further in the second quarter, but the government will take all necessary measures to ensure it meets this year's budget targets, Finance Minister Luis de Guindos said Sunday. "Available second quarter data show a slightly bigger contraction" than in the first quarter, Mr. de Guindos said on the sidelines of a conference. Spanish gross domestic product fell 0.3% in the first quarter from the fourth. In a report last week, Spain's central bank also said the contraction had likely deepened in the second quarter, citing declining confidence and tightening credit conditions caused by the country's sovereign debt crisis. Earlier this month, the Spanish government was forced to ask for up to EUR100 billion in European Union aid to help recapitalize its banks, a move that sent the government's borrowing costs soaring to new euro-era highs. Nonetheless, Mr. de Guindos struck an optimistic tone, saying the recent E.U. agreement on a series of measures to calm euro-zone debt markets and shore up the region's banking system should bolster confidence. "In the coming quarters we will see a stabilization" in Spain's economic situation, he said. On the budget front, the finance minister pledged his government will take all necessary measures to ensure it meets this year's target of a budget deficit equal to 5.3% of GDP, a significant reduction from 8.9% of GDP last year. Budget data last week cast doubt on this target, as it showed a fall off in tax revenue in the first five months as a result of the weak economic situation. Prime Minister Mariano Rajoy recently hinted the government would take new austerity measures and budget ministry officials have said they are studying raising value-added-tax rates, something the European Commission has been pressuring Spain to do. "The government will do everything in its power to make sure budget targets are met," Mr. de Guindos said. -Write to Jonathan

To: elmatador who wrote (92060)	7/1/2012 3:23:32 PM
From: Haim R. Branisteanu	Respond to of 219466

Fiat CEO Sees Double-Digit Italy Sales Drop in June 01-Jul-2012 TURIN, Italy--Fiat SpA (FIATY, F.MI) Chief Executive Sergio Marchionne Sunday said new car sales in the Italian automaker's home market had fallen in the "double-digit" range in June, the latest reminder of the battering automakers in Europe have suffered as the crisis has turned off drivers from visiting showrooms. "For Italy it will be less than 20% down...down by a double-digit number on (the same period in) 2011," he told reporters on the margins of the presentation of a new truck by Iveco, which belongs to Fiat's sister company, Fiat Industrial SpA (FNDSF, FI.MI). Mr. Marchionne said he was sticking with his forecast for new cars sales in Italy this year: 1.4 million units. "I've always called it at that." In 2011, sales totalled 1.7 million units, a level last seen in 1996. Italy publishes the monthly figures Monday. -By Gilles Castonguay,

To: elmatador who wrote (92060)	7/1/2012 3:34:12 PM
From: dalroi	2 Recommendations Read Replies (2) \| Respond to of 219466

not so sure Monti can party on the victory already lots of opposition and some are going to the german high court anyway if they want money without doing something for it i think 80 million germans are not going to like that and we all know its bad policy to piss them off i think she just want to play bad guy good women and let the constitunional court rule or ask for a vote or referendum if you asked it in my country we would vote stuff it greeks work and pay your taxes i'm not going to work for you till i drop while you go on pension at 50?