In August 2008 the majority of average MFI interest rates on new deposits and new loans were either basically unchanged or higher than in the previous month.
The way the world tries to solve its economic problems needs to be rethought amid today’s global crisis, including turning the Group of Seven into a Steering Group that empowers rising economic states, said World Bank Group President Robert B. Zoellick.
President Bush signed the Emergency Economic Stabilization Act of 2008, or EESA, into law within two hours of its final passage in the House of Representatives on October 3, 2008, and declared that the legislation was "essential to helping America's economy weather this financial crisis."
The EU must cooperate with the Irish government to address people's concerns and find a suitable way forward for institutional reform. So said MEPs in a lively Constitutional Affairs Committee debate with Irish Foreign Minister Michael Martin on Monday, on the reasons for Ireland's referendum rejection of the draft Lisbon reform treaty.
Competition Commissioner Neelie Kroes told MEPs on Monday that an EU-wide response to the banking crisis would be preferable to unilateral action. Competition rules were part of the solution rather than an obstacle to it, she argued.
As we have seen, the issues this week for investors will be the Reserve Bank, interest rates, employment in Australia, shares, banks generally, credit freeze, earnings in the US, interest rates in Britain and Japan and confidence generally.
In 2007, the total GDP in the 27 states of the European Union grew to nearly USD 17 trillion. It is now the world's largest economy and its largest single economic area. The European Attractiveness Scoreboard (EAS) features data showing how Europe positions itself as an investment location in comparison to other major locations such as the United States, Japan, China, and India.
The number of households in the US with $500,000 in net worth, not including primary residences, decreased by 5% to an estimated 15.6 million in 2008, according to TNS. That is the first time in six years that the number of affluent households has fallen.
UEAPME, the European craft and SME employers’ organisation, welcomed the outcomes of the “mini-summit” on the current economic and financial crisis between the EU members of the G8, the European Commission and the Eurogroup that took place in Paris on Saturday.
