Showing posts with label Irish Independent. Show all posts
Showing posts with label Irish Independent. Show all posts

Sunday, December 6, 2015

If the British public were to vote to leave the European Union it would be the modern equivalent of the toppling of the Berlin Wall and herald the beginning of the end for the bloc, says Marine Le Pen, the leader of France’s National Front. In a week when Denmark rejected “more Europe” in their latest EU referendum, and David Cameron was rebuffed in Brussels over his demands to cut welfare benefits to newly arrived EU workers, the new, softer face of France’s far-Right is clearly dreaming big. “Brexit would be marvelous - extraordinary - for all European peoples who long for freedom,” she told The Telegraph on Friday on a frantic last day of campaigning ahead of Sunday's regional elections in France where the polls put her party on the cusp of a new electoral breakthrough. “Objectively, it will be the beginning of the end of the European Union,” she adds, “I compare Brussels to the Berlin Wall. If Great Britain knocks down part of the wall, it’s finished, it’s over.”  And if Britain did knock a hole in the European project, then Ms Le Pen, with her hardline anti-immigrant, anti-Europe, anti-globalisation mantra wants to be there in 2017, leading France through the breach. For her, that real road to power begins on Sunday when, if polls are correct, Ms Le Pen’s party could emerge as the first-round winners in as many as six of France’s 13 new “super-regions”, a showing that she is already touting as a launch-pad for a serious run at the French presidency in 2017. In round two, she is widely expected to clinch control of the northern Nord-Pas de Calais-Picardie region. Down South, her niece, Marion Maréchal-Le Pen, 25, stands a high chance of clinching France’s second largest region, Provence-Alpes-Côte d’Azur. The FN could also triumph in Alsace-Lorraine-Champagne-Ardenne, Burgundy-Franche Comté and Normandy.

Sunday, March 31, 2013

Where is the money going? It is being transferred onto the balance sheets of bankrupt banks from the taxpayers. Banks then use it hike their salaries repair their pension funds. Then the attempt to repair and cover up for their disastrous lending practices.
They starve the real economy of working capital. It was decided in the European looney union that every banks was too big to fail. Now they have decided to let whole countries go to the wall because their banking policies were another disaster. Hans Werner Sinn suddenly copped that the obligations of the top 6 debtor countries is over 8.3 trillion. The gloves are off and now they are in confiscatory mode not just hitting bond holders but large depositors who are going to have to flee very fast if they are to escape with their wealth.Make you laugh when you see Osborne, in the middle of all this, trying to buy the next election taking people for complete fools by handing them loans they would otherwise be able to afford. People should consider that act of treachery as tantamount to being handed a long length of rope with which to hang themselves and their families. Forget Osborne and his ilk, keep saving and you will get them for the price of your savings in due course.

Sunday, November 11, 2012

The eurozone will struggle to emerge from a double-dip recession next year as deep budget cuts stifle growth, the European commission has said.  In a gloomy health check on the state of the 17 countries that belong to the monetary union, Brussels said a sharper than expected fall in output in 2012 would be followed by a virtually non-existent recovery in 2013.  The commission said the eurozone as a whole would contract by 0.4% this year and grow by 0.1% in 2013. It cut its forecasts for the single currency's "big four" economies – Germany, France, Italy and Spain – as it predicted that unemployment would rise to a fresh peak of 11.8% next year.
"Europe is going through a difficult process of macroeconomic rebalancing, which will still last for some time," said the economic and monetary affairs commissioner, Olli Rehn. "Europe must continue to combine sound fiscal policies with structural reforms to create the conditions for sustainable growth to bring unemployment down from the current unacceptably high levels."
Brussels blamed the deepening sovereign debt crisis and financial market concerns about a possible breakup of the eurozone for the "disappointing" growth performance in 2012. It said domestic demand would make no contribution to eurozone GDP in 2013 as the lack of jobs and tax increases hit consumer spending.
The commission expressed confidence that by 2014 the benefits of the austerity programmes would bear fruit, leading to expansion of 1.4%.
Although the UK is expected to grow by just 0.9% next year, Brussels believes it will expand more quickly than any of the major economies of the eurozone. The commission has pencilled in growth of 0.8% for Germany, 0.4% for France, a contraction of 0.5% for Italy and a retrenchment of 1.4% for Spain. In all cases the predictions are for output to be weaker than expected by national governments, leading to budget deficit reduction targets being missed.
Greece is one eurozone economy where the commission's forecasts are less pessimistic than those of the government. The EU executive believes the Greek economy will shrink by 6% this year and 4.2% in 2013 before finally emerging from a six-year slump with growth of 0.6% in 2014. The government is assuming contraction of 6.5% in 2012, 4.5% in 2013 and growth of 0.2% growth in 2014.

Monday, November 8, 2010

Shimon Galon, the head of GTC Romania real estate developer, says the retail market is going to collapse unless the Government takes steps to make consumers start buying again, considering developers and retailers have already done all they could to attract clients. "Last year, everything stood still, this year started better, but after the Government's measures, buyers have been disappearing over the recent months. Some have run out of money, and those who still have money push it deeper in their pockets.
The change can only come from the Government. No private investor can make the market move again. Everything that was up to investors has been done: developers have offered smaller rents, retailers have offered discounts," stated Shimon Galon, CEO with GTC, a major developer domestically.The retail market has been the hardest hit after public workers' salaries were cut by 25% and the VAT was raised."On the retail market, the problem is simple. People will not buy, and retailers are not selling. (...) The number of visitors has risen, people are coming to malls, but are not buying. I cannot say I do not have retailers or visitors, but if we do not find a solution for people to start buying, the market is going to collapse," Galon said.sex,matures,mother,xhamster,adult,adulat video