Jacob Solomon's group - M2015(B)

The article discuses how the balance of payments in the united kingdom worsened. The article claims that the economic recovery the united kingdom is in doubt because its balance of payments is deteriorating.

The monetary union of the Euro zone has been heavily criticized as only a place that shares one thing: its currency. It has been judged however they have incorrect, due to the integration of the countries' economies.

This article really looks into how a monetary union can work when it is so divided, and it goes on to say that the political ties are what enables it to thrive without major disturbances. It also mentions how important these ties are for the central bank and monetary policy of the bloc to work

This article deals with a potential agreement between US and EU where completely free trade is supposed to be the main aim. This agreement would mean that the free trade between US and EU would be the largest free trade zone.

This article discusses the possibility of a further step in the trade liberalisation of East Africa. The EAC (already a common market) now wants to go further and create an economic and monetary union within 10 years. This would greatly help the trading in that region.

This article, from news agency Reuters, outlines Mario Draghi's, head of the European Central Bank (ECB), statement in Italy this week, regarding the Eurozone, a form of monetary integration. Draghi outlined the need for European countries to complete the monetary union and integrate policy to avert another crash. 

This article concerns South Korea and its increase in the terms of trade due to the cheaper oil prices. Its import price have fallen steeply compared to its export. Affecting the county's GDP and economic growth.

This article illustrates the opinion of the European Central Bank's President - Mario Draghi. He talks about euro's fluctuation these days and how it is connected with monetary union.

This article relates trade blocs to athletics. 

showing that a surplus is not always desirable

This article is about the Russian-dominating bloc, and how it affects trade and economies. 

This article says there has been a decline in the current account surplus in Sweden.

This article discusses the impact of oil imports on the Pakistani balance of payments. In Pakistan, each year approximately 5 billion dollars worth of oil is imported due to its heavy consumption, which has a large impact on their balance of payments. Their large number of imports gives them a negative balance of payments and therefore slow down economic growth and impacts other parts of the economy. In the article it is suggested that the Pakistani use domestic coal for power production rather than importing as much oil, which could half the amount of money spent on oil imports therefore reforming their balance of payments.

Thus article, although short, gives precise numbers on France's current account deficit. It illustrates with numbers the size that a current account can be, and how in France it is currently being reduced, which is another proof of the recovery Europe is having.

Zambia in recent times has been able to maintain a favourable balance of payments within the second quarter of 2014

This article deals with the current account balance in Lithuania and its capital account, and how the surplus was built up 

This article talks about the balance of payments in India. The trade deficit rose which caused an increase in foreign exchange reserves.

This article is about the balance of payment in India. It has narrowed, but still a surplus remains for the fourth year in a row

This article is about the balance of payments for India in Q2 2014-15

India, the world's second-largest gold-consuming country, is battling a balance of payments crisis as the gold import industry grew exponentially in a short amount of time. Though the spike in the import numbers is clear, no clear action has been taken yet; policymakers, however, agree that restrictions must be placed on private trading houses. Private jewelry exporters are the main customers and account for a massive number of the bulk for the demand of gold. "India sharply restricted gold imports in early 2013 as the country battled a balance of payments crisis triggered by the U.S. Federal Reserve's announcement that it would start to ease its programme of quantitative easing. But it eased some of the measures after India's current account deficit fell sharply from the record high of 4.8 percent of gross domestic product in the fiscal year ended in March 2013 to 1.7 percent in the quarter ending in June."