European Directorate-General for Economic and Financial Affairs

                   
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Politicians, ECB chief square off as rate hike looms

yahoo.com     Jul 2, 2008   684 related          

FRANKFURT (AFP) - Stiff inflation and stagnating growth put European Central Bank independence in the spotlight Wednesday as politicians and ECB president Jean-Claude Trichet crossed swords ahead of an expected interest rate hike.                    

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EU tells Britain to cut budget deficit by 2009/10

reuters.com     Jul 2, 2008   16 related          

BRUSSELS (Reuters) - The European Union's executive arm proposed on Wednesday giving Britain until the end of the 2009/10 fiscal year to cut its budget deficit to below the bloc's cap of 3 percent of gross domestic product.                    

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EU executive to tackle patient mobility in new social package

euobserver.com     Jul 2, 2008   70 related          

LUCIA KUBOSOVA Today @ 09:28 CET EUOBSERVER / BRUSSELS - The European Commission is due to unveil a bill specifying conditions under which patients can seek health care in other EU member countries on Wednesday (2 July). The...                    

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Overnight News Recap: Trichet & Almunia Worried About Inflation

economicnews.ca     Jul 2, 2008          

Comments from European Central Bank President Jean-Claude Trichet and EU Commissioner Joquin Almunia continuing to express inflation concerns headlined the overnight's economic news. The overnight also saw the release of...                    

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The Day Ahead UK and Europe: Euro PPI, UK Construction PMI, BOE Housing Equity

economicnews.ca     Jul 1, 2008   37 related          

The euro zone producer price index is the only significant piece of hard data expected for Wednesday. The forecast is calling for producer price inflation in the monetary union to have risen 0.9% month-over-month in May, up...                    

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Dollar mixed against major currencies ahead of ECB rate meeting, as oil passes $143 a barrel

iht.com     Jun 30, 2008   258 related          

The dollar rose against the euro but was mixed against other major currencies Monday amid record-high oil prices and the expectation of an interest-rate hike by the European Central Bank this week. The 15-nation currency was at...                    

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dw-world.de: Spanish truck drivers on strike dw-world.de

EU: High food, fuel prices make Europe poorer

iht.com     Jun 30, 2008   8 related          

Rocketing prices for energy and food imports are making Europe poorer, the EU's top economy official said Monday. Europe needs to recognize that it is sending part of its revenues abroad to oil producers and exporters of other...                    

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afp.com: afp.com

EU inflation surge fuels debate over interest rates

iht.com     Jun 30, 2008   98 related          

A trader watching the DAX at the Frankfurt Stock Exchange. (Kai Pfaffenbach/Reuters) EU inflation surge fuels debate over interest rates : Inflation in the euro area surged to a 16-year high for the year ending in June,...                    

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Monday's Events: Canadian GDP, ISM Chicago PMI, ECB's Constancio

economicnews.ca     Jun 30, 2008          

Canadian GDP and the ISM-Chicago Purchasing Manager's Index will highlight the start of what is looking to be a busy shortened week on the North American data front. In the afternoon, comments from Portuguese Central Banker...                    

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EU's Almunia Worried Over Inflation, Price Rises May Surpass Forecasts in 2008

economicnews.ca     Jun 30, 2008          

Frankfurt - Following the announcement that the euro zone inflation rate was estimated to have reached 4.0% in June, European Commissioner for Economic and Financial Affairs Joaquin Almunia said that he was deeply concerned...                    

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