China: Export growth decelerates

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP
Chinese export growth fell by 2% in October raising worries about prospects of the China's export based economy. Analysts predicted further decline in export as two major China's goods consumers suffer from financial distress: Eurozone's debt crisis continues to spread and US fights against 9% unemployment rate.
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Thu, 10 Nov 2011 14:10:57 GMT

Sweden: a good example how to avoid debt crisis

According to PM Fredrik Reinfeldt, Sweden's effort to impose strict requirements on financial institutions has resulted in tax payer protection and has helped to circumvent debt crisis. He told that in 2006 Sweden and UK had similar ratio of domestic debt to GDP.  However at the moment, UK's ratio has doubled while Sweden is below 40%. Reinfeldt claims Swedish success is the result of transparency

Thu, 10 Nov 2011 14:10:37 GMT

Papademos named as temporary Greece Prime Minster

According to Greece's Presidency, Lucas Papademos, former vice president of ECB will lead the national unity government. Papademos directed Greece into euro area about 10 years ago and helped country to achieve growth rates that surpassing those of France and Germany. In 2002, Lucas Papademos moved to ECB. Spyros Economides London School lecturer suggests Papademos can lead Greece during distress, nevertheless he lacks political base.

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