 |
|
Colon
|
 |
Antwerp, Colon's Chocolate Canard Country
Jan 1970
time: 06:36
|
|
Got the link working but that info isn't detailed enough. I also want to know the share of each commodity of total exports.
Last edited by Colon on 18-05-2004 at 20:12
|
|
| |
|
| |
|
|
|
DanS
|
 |
Kickball Capital of the World
Jan 1970
time: 00:36
|
|
Meanwhile, the Germans may be going into a triple-dip recession.
quote:
Data cast doubt over strength of German recovery
By Tony Major in Frankfurt
Published: May 18 2004 11:39 | Last Updated: May 18 2004 11:39
German economic sentiment dipped for the fifth month running in May because of weak domestic demand, heightened geopolitical risk and rising oil prices, the research institute ZEW said on Tuesday.
The Mannheim-based institute said its monthly economic expectations index, compiled from a survey of analysts and institutional investors, fell to 46.4 this month from 49.7 in April.
The bigger than expected drop in the ZEW index, which has a good track record as a leading indicator of output trends, cast doubt over the strength of the recovery in the eurozone's biggest economy.
"A change in mood among financial analysts has failed to materialise - no good omen for the economic recovery," said Wolfgang Franz, ZEW president.
The decline in the index, which is now at its lowest level since July 2003, comes just a day after the Bundesbank warned the upturn was still too dependent on exports to be sustainable.
The German central bank said domestic demand remained weak and cautioned against "simply extrapolating" the better than expected first quarter growth rate of 0.4 per cent.
Eurozone growth figures, released last week, showed the region's economies expanding at their fastest rate for three years as robust growth in the US and Asia fuelled demand for European exports.
With higher oil prices, which have risen to 13-year highs, and signs that global growth may already be starting to slow, economists doubt the data point to the start of a strong upturn in the eurozone.
Robert Prior of HSBC said data such as the ZEW index pointed to the eurozone industrial cycle peaking in the third quarter of this year.
Doubts over the growth outlook coincide with signs of inflation pressures rising. Eurostat, the European Union's statistical agency, said annual inflation rose to 2.0 per cent for the first time this year.
The agency said a rise in services prices, including government controlled health care costs, was a key factor behind the rise in inflation. Increases in indirect taxes also fuelled the rise. |
http://news.ft.com/servlet/ContentS...p=1012571727088
|
|
| |
|
| |
|
|
|
Sir Ralph
|
 |
Long live teh Schwampel!
Dec 2001
time: 06:36
|
|
quote:
Originally posted by DanS
You know, sometimes I despair of the German political state of mind. |
You are so much more enjoyable to read if you're not trolling. I actually had a pretty high opinion of you. Your snooty remarks have damaged that somewhat.
quote:
Reform the labor system, so that German companies aren't so hesitant to fire and hire. |
This is the right way without any doubt, and everybody in Germany knows this, including those in power. Unfortunately they can't do it, and your favored conservatives can't do it either. Or why is it, that they failed to get this reform running in the 16 years they were in power before 1998, even though everybody's talking about it for a decade?
There are two main obstacles. The first one are the allmighty unions. Their spine has to be broken first, or else nobody would be able to do anything what would hurt the workers. But no party can afford to do it, without having to fear a huge backleash. The second is the democracy itself. Our second chamber, Bundesrat, is usually packed with an overweight of the opposition. This was the case in the 90's (CDU in power, SPD dominated Bundesrat) as well as it is now (vice versa). Unfortunately, culture among German politicians is not to do what's best for the country, but only what's best for themselves, and so the opposition in the second chamber is mostly blocking what the government tries to do. A lot of things blocked by the CDU in Bundesrat right now, was initiated by it in the first place.
|
|
| |
|
|
|
DanS
|
|
Kickball Capital of the World
Jan 1970
time: 00:36
|
|
quote:
This is the right way without any doubt, and everybody in Germany knows this, including those in power. Unfortunately they can't do it, and your favored conservatives can't do it either. Or why is it, that they failed to get this reform running in the 16 years they were in power before 1998, even though everybody's talking about it for a decade? |
To be fair to the CDU, the German economy wasn't in line for a triple dip recession.
That's why I sometimes despair of the German political state of mind. Everybody agrees that this is one of the main problems, but y'all do nothing about it because you believe you can do nothing about it. You trot out a load of tired "sophisticated" reasons why the voters can do nothing about it, absolving them of their democratic duties.
Just vote the bastards out! If the CDU can't or won't do something about it, then vote them out also.
Last edited by DanS on 18-05-2004 at 23:51
|
|
| |
All times are GMT. The time now is 05:36.
Apolyton Time is 00:36. |
top of page
|
| archivepost |
|
Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
|
HTML code is ON
vB code is ON
Smilies are ON
[IMG] code is ON
|
|
|
|
|
|
18-05-2004 18:10
shhhh.
|