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A False Dawn; Europe's Economies
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8767 (Jan. 2012)
,
page 45-46.
Topik:
Economic Conditions
;
Monetary Policy
;
Recessions
;
International Trade
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A new year can bring a burst of optimism, even in as troubled a place as the euro area. Stockmarkets have been a bit cheerier, helped by better jobs and output figures from America. Bond investors seem less skittish: on January 5th an EUR 8 billion ($10.4 billion) auction of French government bonds was comfortably oversubscribed. The EUR 498 billion that banks were able to borrow cheaply for three years from the European Central Bank (ECB) in December has helped to settle nerves. The news on the economy has also been a bit better. A closely watched index of business activity, based on surveys of purchasing managers across the euro zone, has risen for a second month in a row. Yet the figures have not been so perky as to suggest the euro-zone economy will avoid recession. The worries begin with sovereign debt. What is a worry in eastern Europe is a small blessing in the west and south. The euro's recent fall against the dollar is helpful to exporters, especially in the struggling periphery. Sadly there are many more reasons to be fearful than cheerful about the euro zone.
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