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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
European Union

European Union

(April 2014) Bank lending in the Eurozone contracted sharply following the Lehman shock and during the euro debt crisis. Sluggish loan origination is both a symptom and catalyst for economic weakness. Typically, a loan squeeze is a consequence, not cause, of a downturn. During the euro debt crisis, however, banks’ balance sheet constraints and rising funding costs featured more prominently. However, the corporate bond market cushioned about a third of the impact from the credit squeeze - - at first glance.
(April 2014) Big European banks are continuing to downsize with the prospect of a leaner, less profitable, low-growth but also more stable industry in the "new normal." The banks are shedding assets, reducing costs and raising capital ratios, with revenues in 2013 having fallen for the third consecutive year. Legacy assets and litigation remained an additional, significant burden. Nonetheless, profitability has improved somewhat from its extremely low levels and may well rise further this year. The largest 22 European banks posted an aggregate net income of only €21 bn - - on total assets of €20tn! This compares to €155bn and US$14.7tn at all US banks combined.
(March 2014) While industry in the EU has still not recovered from its slump triggered by the financial crisis, the output of high-technology sectors had already returned to its pre-crisis level in 2011 and have growing steadily since then. According to Eurostat, high technology includes sectors such as the pharmaceutical industry, computers and consumer electronics, medical and optical equipment as well as the aerospace sector. The problem is simply that the EU countries benefit from this to very differing degrees because of the diversity of their economic structures.
(March 2014) A new report on European work absenteeism says national “Sickie Day” has become notorious in the UK. Every year on the first Monday in February British newspapers are plastered with stories about hundreds of thousands of people calling in sick on that day and with estimates of how much it is going to cost the economy. Post-Christmas blues, miserable weather and ill health all play a part. Beyond material for tabloids, it's not good work practice to have a person with flu feeling under pressure to turn up for work while in recent years European employees’ mental health has been under increased strain because of cost-cutting measures in the workplace introduced in response to continuing economic pressures. In the third quarter of 2013 alone the European Restructuring Monitor recorded 345 cases of restructuring, involving over 96,000 job losses.
(March 2014) Germany's foreign population rose by 419,900 to more than 7.6m in 2013 countering ageing - - 8.8% of the overall population and a record since the Central Register of Foreigners (AZR) was established in 1967. The surge in immigration ensures that the population continues to grow, as in 2012 and 2011, even though Germany shows an ongoing birth deficit. Almost 1.6 m jobs have been added since end 2009.
(March 2014) German industrial output rose for a third straight month in January as mild winter weather boosted construction activity.
(March 2014) Final February PMI (purchasing managers' index) data covering both the manufacturing and signalled an acceleration in the rate of expansion of the Eurozone economy to a 32-month high, an improvement on the mild deceleration indicated by the flash estimate.
(February 2014) Is the recovery everyone has been waiting for finally here? Encouraging signs from Europe—rising share prices, lower sovereign bond yields, and increased risk appetite—reflect an upturn in high-frequency indicators, the first signs of positive domestic demand in the euro area, and the prospect of less drag from fiscal consolidation.
(February 2014) Mainland Europe has had a growth/unemployment problem that predates the launch of the euro and while a project such as the banking union is important, growth depends mainly on what happens in individual countries, in particular in the big member countries of the European Monetary Union (EMU).
(February 2014) Greece's current account, which includes both trade and financial movements, was in surplus for the first time since 1948, Olli Rehn, the EU's economics commissioner said on Tuesday. The EU's winter forecasts showed Greece returning to growth of 0.6% this year, with a significant leap of 2.9% expected for 2015, after a brutal six-year recession.