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shared by Pedro Gonçalves on 19 Feb 13 - No Cached

Poland is the only EU country not to have fallen into recession since the Lehman Brothers crash. Increasingly it sees its future in being as closely integrated in the EU as possible, playing the regional leader and usurping Britain's position in policy-making influence.
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For that to succeed, euro membership is essential as the zone binds itself into closer political and economic regimes and becomes the key decision-taking forum. The Polish president recently established a high-powered committee to examine and foster eurozone membership. Warsaw is now talking of a 2017 deadline.
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whatever happens to the euro happens to us anyway. Our economy is completely euro-ised: 80% of borrowing, households and businesses, is in euros. This will help financial and economic stability."Similar arguments are made in Lithuania, while in Poland the impetus is less economic than political and geo-political. Warsaw appears resolved to hitch itself to Germany, and deems it a national security imperative, worried about Vladimir Putin's Russia, to embed itself utterly in the EU. It increasingly sees the eurozone as the safest of havens, despite the volatility.
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shared by Argos Media on 04 May 09 - Cached

The eurozone and EU economies will contract by 4% this year, the European Commission has forecast, in a massive revision from its earlier prediction. The worsening of the global financial crisis, dropping levels of world trade and continuing house value falls had prompted the downgrade, it said.
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Europe's economy would not start recovering until the second half of next year, the commission added. It also predicted unemployment in the eurozone would rise to 11.5% in 2010. The figure would reach 10.9% in the 27-nation EU next year, it said.
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The commission's forecast is not as bleak as the outlook from the International Monetary Fund (IMF) - which says eurozone GDP will fall by 4.2%. However it is less optimistic than the European Central Bank which forecast a 3.8% contraction in its latest estimate.
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The commission expects inflation to fall well below the European Central Bank's target of 2%. It projects inflation to slow to 0.4% this year from 3.3% in 2008, and to rise to only 1.2% in 2010.
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Germany, Europe's biggest economy, is expected to contract 5.4% this year, while the UK and Italy are expected to shrink by between 4% and 4.5%. However the once-booming Irish economy will see a 9% drop and Latvia will shrink by 13.1%, the commission said.
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shared by Argos Media on 30 Mar 09 - Cached

China has denied involvement in the electronic spy network which researchers say infiltrated computers in government offices around the world. The spokesman of the Chinese embassy in London said that there was no evidence to show Beijing was involved. He suggested the findings were part of a "propaganda campaign" by the Tibetan government in exile.
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They said ministries of foreign affairs of Iran, Bangladesh, Latvia, Indonesia, Philippines, Brunei, Barbados and Bhutan appeared to have been targeted.
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