Showing posts with label Eurozone News. Show all posts
Showing posts with label Eurozone News. Show all posts

Friday, March 7, 2008

Sallaries in the Eurozone

Jean-Clod Trishe
The sallary of the chief of European Central Bank Jean-Clod Trishe was increased with 2% last year. This in fact is not against of its exhortations not to increase the sallaries of the workers in Europe. The increasing of Trishe's sallary is only with 2%, which is lower than the inflation in the Eurozone, wrote Bloomberg.
The sallary of Jean-Clod Trishe reached 345,252 EUR, which is 6,780 EUR more than the one from 2006. This was written in the yearly accounting reports from European central Bank. The reports were published into public for the first time yesterday. Just to compare, the chief of the Federal reserve Ben Bernanke is getting 191,300 USD, and the president of Bank of England - Mervin King is getting 283,564 pounds.
Trishe claims, that the increasing of the sallaries in the Eurozone is some threat to the pricing stability in time, when the inflation had reached 3.2%. The European central Bank is taking for its own general object keeping the inflation in the borders of 2%, but the inflation for the previous years was 2.1% and the increasing of the sallaries of German workers had been 1.4%, and it is the largest increasing for the previous 6 years.

Thursday, March 6, 2008

Wolfgang Munchau about Great Britain crisis in real estates sector

Great Britain
Swedish economist Axel Leijonhufvud, working in American univercity UCLA, often loves to tlk about the practise of central banks to keep to the Inflation targeting. "This policy is wirking better on practise, than on theory", told he. The comentor of Financial Times - Wolfgang Munchau would tell them samo for British economy. If we have in mind the low producity of employees in Great Britain, and also the weak engineering achievements, the country should not develope so good in the last 15 years. From economic point of view, the prosperity of the country is looking impossible.
According to Munchau in the next some years, the British economy wonder will be in front of many problems. The balloon in the property sphere will bfrake somewhen and the citizens will be in front of harder crisis the the USA's now. A serious percent of Gross Domestic Product of Great Britain is forming from financial sector.

Wednesday, March 5, 2008

Greece with "yellow card" from European Comitee of Electricity

Today the European Comitee ordered to Greece to find concurence into deliveries of brown and lignite coals for the needs of country energy company Public Power Corp., reported eubusiness.com. Atina was accused, that gave to PPC a monopoly.
The company PPC is making 85% from the electricity of the country and also takes 91% from the licences for production of lignite coals - main source for producing of an energy in the Soutth-Eastern European country. The market of electricity in Greece started to liberate in 2001, but Greece left PPC a factical monopolist into the access to lignite coals and gives a prime possition of the company on the market of electricity, told Brussels.