Single currency has to survive

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

In the light of the recent developments in Europe the stability of the Eurozone is under threat.  Reforms aimed at euro stabilization will be difficult to implement but the collapse of single currency will lead to a catastrophe, said Tony Blair. Eurozone has to coordinate its tax and spending to sustain euro and recover after recession, he added.

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Mon, 14 Nov 2011 08:55:59 GMT

China's banks issue loans to finance micro- and small-enterprises

The China Banking Regulatory Commission announced that three banks can issue 110 billion yuan bonds to provide loans for micro- and small-enterprises. The measure is aimed at stimulating development of small firms as they experience difficulties in raising finance, especially after government's credit restriction policies. Loans to small companies amounted 8.8% of all loans in September.  

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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