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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

(August 2013) There can be no dispute that the financial crisis has exposed serious flaws in the euro system, in particular the lack of a robust monitoring system, a rescue fund and banking union. Last year, Mario Draghi, the European Central Bank president, on the eve of the 2012 Olympics in London, made an explicit commitment at a forum there, that the central bank would not allow the collapse of the single currency. “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro,” Draghi said, pausing for effect. “And believe me, it will be enough.” Some progress has been made also on the institutional side. Besides, countries such as Italy and France are in dire need of reform. There has been a growth crisis in several European countries for decades. Italy's jobless rate is back to the mid 1990s level and Spain last had a jobless rate above 20% in 1997. The advent of the euro provided a temporary prosperity in some countries but even during a global credit boom, Italy stagnated.
(August 2013) There are signs the French economy is recovering but a stronger and sustained boost to investment and job creation is needed to reduce unemployment, which reached 10.9% in May, the IMF says. The Fund urges a slowing in austerity and it forecasts that the unemployment rate will be above 10% in 2018 - - at 10.4%, a year after the next presidential election. In 2017, the rate is expected to be 10.6% compared with 10.2% in 2012, when François Hollande was elected president.
(August 2013) The Mediterranean diet has been getting a lot of attention in recent years but the pressures of modern society mean many Italians are too busy to use it.
(August 2013) Housing prices in Germany’s biggest cities are rising at the fastest pace since reunification in 1990 as investors seeking to capitalise on growth in Europe’s biggest economy turn to property, according to data compiled by Berlin-based research firm Bulwien Gesa AG. However, there is no bubble.
(July 2013) Outside the Nordic region and some Eastern European countries, European banks remain in an impaired state with high cost/income ratio in the biggest markets of the EU and non-performing loans at double-digit rates in bailed-out countries and Italy. Meanwhile, following the bankruptcy of the city of Detroit, The Wall Street Journal reports that UBS, the Swiss giant, leading a group of banks from around the world, sold more than $1.4bn of bonds, known as "certificates of participation," for Detroit. Big chunks of that deal, and another the next year, went to European banks that, in the heady precrisis days, were venturing far from home to find assets that offered lucrative interest rates and appeared to be relatively low-risk.
(July 2013) Public-private partnerships (PPPs)—joint deals between governments and private companies to build, own and operate infrastructure—require strong national institutions and well-crafted regulations, but many countries in Eastern Europe and the CIS (Commonwealth of Independent States) struggle to implement best practices.
(July 2013) The latest OECD Employment Report says that the global recovery in the past four years has been generally weak and uneven, with increasingly divergent developments across countries. Aggregate demand remains depressed in many countries and the labour market in most OECD countries still bears the scars of the financial and economic crisis. As a result, governments in many countries are confronting a range of labour market challenges. Across the OECD, more than 48m persons are unemployed, almost 16m more than at the start of the crisis. According to the latest OECD projections, the unemployment rate is projected to stay broadly constant in the OECD area until the end of 2014.
(July 2013) Youth unemployment is a serious problem in the European Union and the statistics can be confusing. For example in 2012 the youth employment rate was 55.3% in Greece but the unemployed as a ratio of Greek youth in the 15-24 age cohort was 16.1%..
(July 2013) Greece's budget could be back in surplus by the end of the year, although a lot of work still needs to be done in terms of reforms, Christine Lagarde, the International Monetary Fund's (IMF) managing director said on Monday. Meanwhile, a report on the Eurozone says while substantial collective action has been taken to tackle the crisis in the euro area, further policy steps are needed to support growth and increase employment.
(July 2013) The Eurozone crisis hit Italy hard, but the seeds of Italy’s low growth pre-date the financial crisis and follow from its stagnant productivity, difficult business environment, and over-leveraged public sector. A new analysis says accelerating reforms to address these structural weaknesses will be crucial to limit the risks of long-term unemployment, especially for the youth, and raise Italy’s trend growth.