European Salon de News, Discussion et Klatsch - 10 February | 83 comments (83 topical, editorial, 0 hidden)

Despite Greek political leaders finally agreeing on austerity measures to secure a second bailout, eurozone finance ministers meeting in Brussels are wavering on whether to green light the loans.
Despite reaching a deal Thursday on austerity measures demanded by Greece's international lenders as a condition for further aid, Greece does not have its next bailout completely locked up.
Final word still needs to be given by European finance ministers, who are meeting in Brussels. Greek Finance Minister Evangelos Venizelos, arriving for the meeting, said Greece "now needed the political endorsement of the eurogroup for the final step."

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:21:37 PM EST
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EUobserver.com / Economic Affairs / Greece announces breakthrough in bail-out talks

BRUSSELS - The new Greek bail-out began to take shape on Thursday (9 February) afternoon, when Prime Minister Lucas Papademos got political backing for his austerity plan and the European Central Bank signalled it might help.
"The government's discussions with the troika were concluded successfully this morning on the issue which had remained open for further elaboration. The political leaders have agreed on the result of these discussions ... Thus there is general agreement on the content of the new program," he said in a press statement.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:46:15 PM EST
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Greek coalition leaders agree on bailout reforms - GREECE - FRANCE 24

AFP - Greece's coalition leaders on Thursday reached a "general agreement" on additional austerity measures demanded by EU-IMF creditors in return for a debt bailout, the government said ahead of crunch eurozone talks.
"There is a general agreement on the contents of the new programme," the government said in a statement, referring to a eurozone bailout worth 130 billion euros ($171 billion) that officials have laboured on since October.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:52:28 PM EST
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European Central Bank battles credit crunch | Europe | DW.DE | 09.02.2012

For many financial market experts, the European Central Bank (ECB) is the last hope for containing the sovereign debt crisis in Europe. The highly indebted states within the 17-member euro currency zone as well as Great Britain and the US continue to demand that the ECB fire up the presses and flood the market with cheap money.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:34:21 PM EST
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ECB holds interest rate steady, sees signs of eurozone stabilization | Business | DW.DE | 09.02.2012

The European Central Bank has kept eurozone borrowing costs at an historic low of 1 percent, after cutting rates twice in recent months. Uncertainty about the eurozone economy is still high, the bank says.
European Central Bank president Mario Draghi explained the ECB's rate decision to keep the lending rate at 1 percent with improvements in the eurozone economy in the past month, although he said uncertainty would remain high.
"Available survey indicators confirm some tentative signs of stabilization of economic activity at low level around the turn of the year," Draghi told a news conference after the bank's monthly policy meeting in Frankfurt.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:40:05 PM EST
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In Wales:

"Available survey indicators confirm some tentative signs of stabilization of economic activity at low level around the turn of the year,"

sounds like more green shoots bout to pop up!

i was getting worried there for a minute...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Thu Feb 9th, 2012 at 10:09:02 PM EST
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German hotels attracted record number of guests in 2011 | Business | DW.DE | 09.02.2012

Hotels across Germany boasted a record number of overnight stays last year. The considerable increase was due to more guests from both home and farther afield, with end-of-year tourism particularly brisk.
German hotels posted a record number of 394.1 million overnight stays in 2011, the Federal Statistics Office reported on Thursday. It meant a four-percent year-on-year increase.
The number of hotel guests from home soared to 330.3 million people, up three percent on 2010 levels. 68.8 million people came from abroad - a six percent rise compared to 2010 figures.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:41:25 PM EST
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EUobserver.com / Opinion / Financial transactions tax: No surrogates, please

BRUSSELS - Since economist James Tobin launched the idea in 1972, we have never been closer to the implementation of a financial transaction tax (FTT). However, we risk getting a tax with its name, but only few of the characteristics which make it a tool for equity and sustainable development. Only the original can help to cure an ailing financial system, not a stripped down surrogate.
The FTT debate is rather technical and complex. Instead of one tax, we are actually talking about a variety of possible taxes depending on variables like tax rate, introduction on primary and/or secondary markets, measures to counter tax evasion, and the number of countries participating.

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 01:46:54 PM EST
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Oracle buys "human capital" firm in $1.9 billion deal - FRANCE 24

AFP - Oracle on Thursday announced a $1.9-billion deal to buy Internet-based "human capital" management firm Taleo Corporation.
"Human capital management has become a strategic initiative for organizations," Oracle development executive vice president Thomas Kurian said in a release.
"Taleo's industry leading talent management cloud is an important addition to the Oracle Public Cloud."

by In Wales (inwales aaat eurotrib.com) on Thu Feb 9th, 2012 at 02:02:53 PM EST
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European Salon de News, Discussion et Klatsch - 10 February | 83 comments (83 topical, 0 editorial, 0 hidden)