Skip to main content

Home/ Groups/ Global Economy
Rss Feed
Sort By: Most Recent | Popular Filter: All | Bookmarks | Topics Simple Middle
2More

EMU and International Conflict | Foreign Affairs - 0 views

www.foreignaffairs.com/...emu-and-international-conflict
shared by Gene Ellis on 30 May 12 - No Cached
  • Indeed, the adverse economic effects of a single currency on unemployment and inflation would outweigh any gains from facilitating trade and capital flows among the EMU members.
  • There is no sizable country anywhere in the world that does not have its own currency. A national currency is both a symbol of sovereignty and the key to the pursuit of an independent monetary and budget policy.
3More

The Morning Ledger: Europe Prepares for Nightmare Scenario - The CFO Report - WSJ - 0 views

blogs.wsj.com/...repares-for-nightmare-scenario
shared by Gene Ellis on 29 May 12 - No Cached
  • But euro-zone members would probably have to take a big hit on loans to the country and banks could face heavy losses on their exposure to the Greek economy.
  • Contingency planning is ramping up on the corporate side, too. One European supermarket group has been looking closely at its suppliers’ financing requirements. “The key thing for them is how their working capital cycle is funded and whether they can get access to the banks that they normally would use, which may themselves be in a liquidity squeeze,” a treasury official at the company tells CFO European Briefing. “Our job is to ensure the channels of liquidity are open. If we can keep that going, a lot of the disruption can be minimized relatively quickly.”
  • Meanwhile, some portfolio managers are dumping debt of southern European countries, while others are piling into U.S. and German issues,
7More

Tourists Also Tell Greece No: Drop in Summer Bookings - WSJ.com - 0 views

online.wsj.com/...4065704577424310175114578.html tourists greece summer bookings wsj com
shared by Gene Ellis on 29 May 12 - No Cached
  • Greek-vacation bookings from Germany and the rest of Europe are down sharply, as would-be tourists take fright at the prospect of strikes and street protests.
  • Early reservations for this summer's tourist season are down by around 15% from a year ago. Last year's record total of 16.4 million visitors is already out of reach, he says.
  • The industry accounts for about one-sixth of economic activity and nearly one in five jobs.
  • ...4 more annotations...
  • If the decline in bookings continues, it would mean about 1.5 million fewer tourists coming to Greece this year compared to last, shaving more than a percentage point off gross domestic product and jeopardizing 100,000 summertime jobs.
  • Greece is one of the world's top 20 tourist destinations, traditionally drawing about half of its visitors from other European Union countries—especially from Germany and the U.K.
  • Prices are down some 15% from last year, according to SETE, following a 10% cut in rates charged by hotel and tour operators in 2011.
  • Leading German tour operator TUI AG says its Greek vacation bookings were down 30% up to March. European travel agency Thomas Cook TCG.LN +0.23% said German bookings for Greece so far are also down by 30% compared with 2011, despite discounts of as much as 20%.
1More

Web Book-William H. Miernyk - 0 views

www.rri.wvu.edu/...index.htm
shared by Gene Ellis on 21 May 12 - Cached
  • Gene Ellis on 21 May 12
     
    The Elements of Input-Output Analysis
1More

PAUL KRUGMAN: Euro crisis: Pay now, or pay more later | PressDemocrat.com - 2 views

www.pressdemocrat.com/...opinion paul krugman euro crisis pay com
shared by Gene Ellis on 21 May 12 - No Cached
  • Gene Ellis on 21 May 12
     
    MUST READ
« First ‹ Previous 1141 - 1160 of 1248 Next › Last »
Showing 20▼ items per page