Mario Draghi: Europe is stabilizing

Note: This section contains information in English only.
Source: BBC
Mario Draghi announced that the European economy has started to stabilize and the worst stage is over. He also claimed that some economic indicators as budget balance and inflation are better than those of the US. The ECB President reassured that there would not be more severe crisis because of intensive lending to the European banks at low interest rates.
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Thu, 22 Mar 2012 19:43:46 GMT

Ireland's economy contracted by 0.2% in Q4 of 2011

The GDP of the Republic of Ireland slumped by 0.2% in the last quarter of 2011, after declining by 1.1% in the preceding quarter, according to Central Statistics Office. The economic contraction indicates that the country is falling back into crisis. Global financial uncertainty continued to weight down on the Ireland's exports that declined by 1.1% whereas domestic spending continued

Thu, 22 Mar 2012 19:24:00 GMT

Agriculture

Rural commodities apart from coffee declined on Wednesday amid stronger US Dollar and deteriorating situation in China. Grains also came under pressure because of favorable weather conditions in the US that may provoke earlier harvest. Moreover, more pessimistic outlook on China's economy is likely to weight down on the China's grain imports. Meanwhile, sugar continued to be exposed to the

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