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Silvia Capizzi

Brussels set to unveil EU growth plan - FT.com - 0 views

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    This article discusses the changes which European Union officials are planning for the future in order to ensure economic growth. One of the changes mentioned are the Spanish borrowing costs which will be pushed up to their highest levels for four months. In the short-run this will mean less spending from consumers, but in the long run will ensure a significant decrease in debt. Furthermore, they have called on national governments to "implement a series of job-creating policies". These include cutting labor-related taxes, as well as shifting the burden to property, energy and emission levels. These particular changes will cause a rightward shift in aggregate demand as there is an increase in government spending. Moreover, countries will be forced to lift remaining restrictions on worker movement within the EU, which will allow for more employment. This will also cause a rightward shift in aggregate demand because there will be more employed workers and therefore amount of consumption will increase as more people will be able to spend more money.  Overall, this article shows improvements for the future which will increase aggregate demand of the EU. 
Sophie Groosman

U.S. Tariffs On China Mark Escalation Of The Solar War - Business Insider - 0 views

  • <A HREF="http://oascentral.businessinsider.com/RealMedia/ads/click_nx.ads/businessinsider/moneygame/post/1144275154@Top1"> <IMG SRC="http://oascentral.businessinsider.com/RealMedia/ads/adstream_nx.ads/businessinsider/moneygame/post/1144275154@Top1">> From To Email Sent! You have successfully emailed the post. U.S. Tariffs On China Show The Solar Power War Is Escalating Significantly
  • Last Monday, China accused the E.U., Italy and Greece of giving illegal subsidies to domestic solar manufacturers and has asked the WTO for ‘consultations’.
  • The U.S. International Trade Commission locked in tariffs between 24 to 36 percent on imported Chinese solar panels.
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  • Coalition for American Solar Manufacturing, led by a company called SolarWorld, filed antidumping and countervailing duty cases against Chinese solar manufacturers.
  • Their accusation: China was flooding the U.S. solar market with inexpensive, heavily subsidized solar panels that American manufacturers couldn't compete with.
  • n the months after the SolarWorld case began, China launched a probe of the U.S. polysilicon industry. Then this past summer, the EU launched an antidumping investigation into solar panels and their key components originating in China.
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    China has accused Italy, Greece and the EU for supposedly illegally subsidizing domestic solar manufactururs (suspected that due to a decline in Italian imports of Chinese Solar panels.)  The US international Trade Commision then made a locked tariff of 24-36% on imported solar panels from China.  A year ago the Coalition of american Solar Manufacturers filed antidumping cases against China, saying they were flooding the US market with inexpensive and heavily subsidized solar panels that the US couldnt compete with.  The US fears that China is dumping because it means their domestic producers are not able to compete in the market for solar panels. Therefore this high tariff of 24-36% has been imposed to promote consumption of domestic solar panels. 
Amelie Spaniol

LABOR - Turkish unemployment falls unlike EU countries - 0 views

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    The article discusses how the unemployment rate in Turkey increases unlike any other EU country. In March the Employment rate went from 10.8 percent in the previous year to 9.9 percent. The number of rural employment was 6.4 percent and the urban employment 11.6 percent. The total number of unemployment decreased 2.6 million and the number of employed people rose to 23.8 million. According to a Turkish economist, Gulay Elif Girgin, in future the unemployment rate will continue to rise and he does not anticipate any unexpected decreases.
Nils Armin van Willigenburg

Luxembourg's Juncker Defends 2013 Budget - 0 views

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    Luxembourg's Prime Minister Jean-Claude Junker is defending the newly released budget bill, in place for 2013. The bill set in place plans to invest more money into the consolidation package, in place to consolidate Luxembourg's budget. A 1.8% increase in government spending, in relation to the budget set in 2012, is put forth to remove any divergence from the country's stability and growth. Juncker stressed that although the recent financial crisis which has caused a recession in Luxembourg over the past 4 years, the bill will insure that Luxembourg's deficit will be lower in 2013 than 2009. Juncker says that in 2013, Luxembourg's deficit will be at 4.3%.  Juncker says the reason Luxembourg has come into deficit is the investment of 200 million Euros into Luxembourg's employment fund. Furthermore, the increase of unemployment isn't beneficial to the countries current financial situation.  He does not plan to raise VAT, as some countries in the EU such as the Netherlands have recently done to fill part of their deficit. This would only harm economic recovery and affect the country's low-income earners.  Juncker's ultimate goal is to make Luxembourg debt free by 2014. The minister promised that the government would try their very best to achieve this goal, while still being aware that the economic development of Luxembourg remains "extremely fragile".
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