Economic Regions PIIGS

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  • ROME, Nov 12- Italy has so much pent up demand after seven years of stagnation and recession that its economy will continue to strengthen despite headwinds from China and emerging economies, the economic adviser to Prime Minister Matteo Renzi said. "We have lost so much in terms of investment and consumer spending in the last seven years that there is a lot to catch...

  • ECB rate-cut talk buffers Portuguese bonds Wednesday, 11 Nov 2015 | 6:34 AM ET

    LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 1.6 bps lower at 2.78 percent.

  • LONDON, Nov 10- Any Greeks hoping their days of economic pain are over following the latest bailout agreement with international lenders should look to the dire projections from Europe's three main institutional forecasters for a reality check. The European Commission, the OECD and the EBRD all say Greece is heading into recession again this year and next,...

  • BERLIN, Nov 6- German industrial output posted its steepest drop in more than a year in September, raising some concerns that Europe's biggest economy may feel a year-end chill from a slowdown in emerging markets. Following the 1.1. percent drop in industrial production in Germany, economists at J.P. Morgan also cut their third-quarter growth forecasts for the...

  • Greece approves reform bill, eyes bailout tranche Thursday, 5 Nov 2015 | 6:03 PM ET

    ATHENS, Nov 6- Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds. A majority of lawmakers in the 300- seat parliament approved a bill which improves on previous legislation...

  • DUBLIN, Nov 2- Ireland is quickly learning that a growing economy is not without its problems as increasing employment and a rising population put pressure on services and infrastructure still bearing the deep scars of a financial crisis. Dubbed "problems of success" by Finance Minister Michael Noonan, an acute shortage of housing, rising rents, public...

  • MILAN, Oct 31- The European Central Bank is ready to do whatever it takes to keep its mid-term inflation target on course, the head of the bank Mario Draghi said in a newspaper interview published on Saturday. "If we are convinced our medium-term inflation target is at risk, we will take all the actions necessary," Draghi told the Italian daily Il Sole 24 Ore.

  • ECB to say how much Greek banks need to survive Friday, 30 Oct 2015 | 7:00 PM ET

    FRANKFURT, Oct 31- The European Central Bank is expected to say on Saturday that Greek's battered banks need up to 14 billion euros in fresh capital in order to survive. It comes after years of economic decline in Greece- bailed out three times by international lenders- that has forced some 42 billion euros to be set aside against bad loans. This bailout stand-off...

  • DIARY-Top Economic Events to Nov 11 Wednesday, 28 Oct 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Bank of Atlanta President Dennis Lockhart gives opening remarks before the Workforce Development Panel and Book Launch hosted by the Federal Reserve- 1310 GMT. LONDON- UK Finance Minister George Osborne meets Brazilian Finance Minister Joaquim Levy as a part of UK- Brazil Economic and Financial Dialogue. LONDON- European Central...

  • FRANKFURT, Oct 27- With some rate-setters advocating immediate policy easing last week, European Central Bank President Mario Draghi struck a compromise to keep the doves on side and set up expectations for action in December, central banking sources said. Several influential Governing Council members argued that the ECB's balance sheet was still...

  • LONDON, Oct 25- The European Central Bank's signal that more stimulus is coming for Europe's economy could complicate the U.S. "The ECB's move increases the probability of the Fed thinking twice about it," said Marco Valli, the chief euro zone economist at UniCredit in Milan. But assuming the U.S. Congress strikes another last-minute deal before a Nov. 3 deadline to...

  • *Fall comes weeks before election on Dec. 20. MADRID, Oct 22- Spain's unemployment rate has fallen to its lowest level in over four years and is now lower than when Prime Minister Mariano Rajoy took office, potentially boosting his chances in an election less than two months away. The jobless rate fell to 21.2 percent in the third quarter, its lowest level since...

  • LONDON, Oct 19- Greek two-year government bond yields fell to their lowest level this year on Monday as investors welcomed Athens' approval of a series of reforms needed to unlock bailout cash. "Investors are simply digesting the vote... on the so-called preconditions for the third bailout package," said Christian Lenk, rate strategist at DZ Bank.

  • LONDON, Oct 19- Greek two-year government bond yields fell to their lowest level this year on Monday as investors welcomed Athens' approval of a series of reforms needed to unlock bailout cash. "Investors are simply digesting the vote... on the so-called preconditions for the third bailout package," said Christian Lenk, rate strategist at DZ Bank.

  • LONDON, Oct 19- Greek two-year government bond yields fell to their lowest level this year on Monday as investors welcomed Athens' approval of a series of reforms needed to unlock bailout cash. "Investors are simply digesting the vote... on the so-called preconditions for the third bailout package," said Christian Lenk, rate strategist at DZ Bank.

  • MADRID, Oct 18- Half a century ago, Hollywood came to Spain, turning Madrid into revolutionary Russia and the arid south into the Wild West. In one Danish series, southern Spain doubled as Afghanistan, complete with Taliban fighters. Now Spain is trying to catch up with locations such as the United States and Canada.

  • DIARY-Top Economic Events to Oct 30 Friday, 16 Oct 2015 | 8:01 PM ET

    CHICAGO- The board of governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation hold a joint meeting on the Economic Growth and Paperwork Reduction Act of 1996 regulations- 1400 GMT. RICHMOND- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Early Childhood...

  • DIARY-Top Economic Events to Oct 29 Thursday, 15 Oct 2015 | 8:01 PM ET

    MILAN, Italy- Italian Economy Minister Pier Carlo Padoan, European Bank for Reconstruction and Development President Suma Chakrabarti and World Bank Director General Sri Mulyani Indrawati speak at the Finance for Food conference in Milan. CHICAGO- The board of governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the...

  • The poll also suggests that those few economies which have perked up this year, particularly the United States, the euro zone and Britain, are increasingly exposed to waning global demand and may not be able to maintain their momentum. "Worryingly, for the regions that have shown the most resilience- the U.S. and Europe- the outlook seems to become more clouded," wrote...

  • DIARY-Top Economic Events to Oct 28 Wednesday, 14 Oct 2015 | 8:01 PM ET

    ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives opening remarks before the 40th Annual Fall Policy Conference hosted by the Federal Reserve Bank of St. Louis- 1430 GMT. WASHINGTON- Federal Reserve Bank of New York President William Dudley participates in a conversation on "How the Federal Reserve should decide on the appropriate level...