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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

(July 2013) Mario Draghi, ECB president, today announced that the ECB has replaced the mantra "we never pre-commit," which was a trademark of Jean-Claude Trichet, his predecessor, to a commitment that the "monetary policy stance will remain accommodative for as long as necessary." He also stressed that the exit from emergency crisis measures are "very distant."
(July 2013) On 1st July Croatia became part of the European Union. Is the EU's continued expansion making it unwieldy, and why countries still want to join at all.
(June 2013) European Union finance ministers early Thursday agreed on new rules for dealing with failing banks in an effort to curtail the cost of taxpayer-funded bailouts.
(June 2013) European countries - - and those that use the euro in particular - - dominate the list of places where residents are most pessimistic about the job market. Greece, Italy, and Spain were among the worst places to find a job last year, according to their citizens. Job perceptions across the world did not improve in 2012, even as most countries continued to recover from the global financial crisis. Countries where residents were most optimistic about their ability to find work are largely resource-based economies that have the benefit of selling an always-in-demand product, such as oil. The world’s largest or most advanced economies, on the other hand, are among the places residents are most pessimistic about the job market.
(June 2013) The euro crisis has eased since mid-2013 when Mario Draghi, ECB president, announced that the central bank would do whatever it takes to save the euro. The intervening period has also coincided until recently with a search for yield resulting in moves into risky assets and bond yields have fallen sharply in struggling Eurozone economies. Even though there seem to be fewer acute risks for the Eurozone, with risk premiums for the crisis countries having fallen, the currency union remains mired in recession. This is probably also due to the very high level of political and economic uncertainty. At least in that respect, things seem to be looking up.
(June 2013) Germans have been told that cheap labour is no basis on which a rich country should compete. Yet, it has been claimed that has been the basis of the lion's share of Germany's export success in the last dozen years - - and exports have been the sole consistent source of economic growth for Germany over the same period. For too long, the idea that trade surpluses somehow prove a nation's economic worth has persisted in Germany. The resulting false sense of security has combined with the problems of Germany's southern neighbours in the euro area to make it seem that everything in the current coalition's economic policies, and with the German economy, is as good as it needs to be. But it is not.
(June 2013) The Netherlands is Europe's biggest natural gas producer but as earthquakes become more intense and more frequent in the north of the country, there is mounting pressure on the government to reduce the amount of gas being extracted there.
(June 2013) Many European immigrants from crisis countries to Germany do not stay long, mainly because of problems with the language. Most employers seek a good knowledge of German.
(June 2013) Migration has started to pick up again, driven largely by people moving within the European Union, after three years of continuous decline during the crisis. But the employment prospects for immigrants have worsened. Significant public hostility remains and the share of unemployed immigrants in OECD countries who have been out of work for more than a year has increased from 31% in 2008 to 44% in 2012. Nevertheless, while over the decade 2001-11, immigration was responsible for 40% of the population growth in the mainly developed member countries of the OECD, they were an insignificant burden on public expenditures.
(June 2013) Since the onset of the financial crisis in 2008, there has been a decline in corporate bank funding in Europe while the sale of corporate bonds has grown. The outstanding volume of traditional bank loans has fallen by about €360bn on aggregate (-7.4%) while the net issuance of corporate bonds (i.e. long-term debt securities) has amounted to almost exactly the same cumulative (but positive) figure over the same period of time (a jump of 63%). So, is capital market funding taking up the the drop-off in bank credit?