Gilles Moec News
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What central banks may have the world over is a failure to communicate.
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Spain’s recession eased in the first quarter as domestic demand stabilized while exports, which the government says will drive the recovery of the euro-area’s fourth-largest economy, fell at the fastest pace in a year.
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The European Central Bank should draft commercial lenders as allies in its fight to stem the euro-region financial crisis by giving them incentives to buy bonds of debt-swamped governments, Deutsche Bank AG says.
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Spanish Prime Minister Mariano Rajoy sought a two-year extension to meet European Union deficit rules, as he lowered his growth forecast and predicted little relief from a record 27 percent unemployment rate.
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Spain’s budget deficit was the largest in the European Union last year, underlining the challenge faced by Prime Minister Mariano Rajoy as he prepares a new plan to foster an economic recovery.
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Spain’s budget deficit was the largest in the European Union last year, underlining the challenge faced by Prime Minister Mariano Rajoy as he is due to present a new plan to foster a recovery.
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The European Central Bank needs more timely information about euro-area banks to head off debt crises, said Gilles Moec , co-chief European economist at Deutsche Bank AG.
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Prime Minister Mariano Rajoy’s progress in curbing a deficit worsened by the cost of servicing Spain’s swelling debt load will be revealed this week with the release of data on the country’s finances.
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President Francois Hollande is preparing to take on a French sacred cow: pensions.
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Euro-area economic data due this week will probably show the damage inflicted by the region’s sovereign debt crisis with the worst quarterly decline in output for almost four years.
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