Silobreaker: Europe: Recovery Ahead, Plan for Fiscal Exit

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Saturday, November 21, 2009 9:43 PM

Published 11/03/2009 by Moneynews

Europe: Recovery Ahead, Plan for Fiscal Exit

BRUSSELS -- Europe's economy will rebound next year from a deep slump and accelerate in 2011, the European Commission said on Tuesday, paving the way for major budget deficit cuts across the 27-nation bloc from 2011 at the latest.

The European Union's executive arm forecast that the EU economy...

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What others report on the same story

EU hikes growth forecasts, warns on jobs, publi...

(BRUSSELS) - The European Commission said on Tuesday it now expected the eurozone economy to expand rather than contract in 2010 but warned that rising unemployment ... - [11/04/2009 - EU Business]

EU executive says euro zone economy will grow n...

By Emma Ross-Thomas Madrid The euro zone economy would return to growth next year, the European Commission said yesterday, raising its forecasts even as budget deficits ... - [11/04/2009 - Business Report]

Eurozone unemployment to hit 10.7% in 2010: EU

Malaysian Mirror dotcom is founded by a group of veteran journalists from Peninsular Malaysia, Sabah and Sarawak. Our investors comprise entrepreneurs, professionals ... - [11/03/2009 - Malaysian Mirror]

EU Sees Gradual Economic Recovery In 2010, 2011 - [11/03/2009 - Nasdaq]

EU Sees Gradual Economic Recovery In ... - [11/03/2009 - Morningstar UK]

Eurozone growth to hit 0.7% in 2010: EU (AFP) - [11/03/2009 - M0]

EU sees 2010, 2011 recovery; readies fiscal exit - [11/03/2009 - FinanzNachrichten.de]

Eurozone growth to hit 0.7% in 2010: EU - [11/03/2009 - France24 - Business]

Eurozone growth to hit 0.7% in 2010: EU - [11/03/2009 - France24 - france]

Quotes

"With this forecast I will recommend to Ecofin (EU finance) ministers next week to declare or confirm that 2011 is the year when the EU and euro area start in aggregate terms this fiscal exit strategy" Economic and Monetary...

Europe: Recovery Ahead, Plan for Fiscal Exit [Moneynews - 11/03/2009]

"Without further repairing of balance sheets of many banks, credit flows will not be at normal levels and without normal credit flows we will not have a sustained recovery in our economy" Almunia said

Europe: Recovery Ahead, Plan for Fiscal Exit [Moneynews - 11/03/2009]

"As you can see at some moment the headline inflation has started to be in negative territory but we have always said it is ... temporary" Almunia said

Europe: Recovery Ahead, Plan for Fiscal Exit [Moneynews - 11/03/2009]

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Blogs

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Eurozone growth to hit 0.7% in 2010: EU (AFP) [M0 - 11/03/2009] AFP - Growth in the 16 nations using the euro single currency will reach 0.7 percent in 2010, and 1.5 percent in 2011, amid a "gradual recovery," the European Commission ...
Eurozone jobless rate to rise into 2011: EU (AFP) [M0 - 11/03/2009] AFP - Unemployment in the 16 nations using the euro currency will continue to rise into 2011 even as a gradual economic recovery takes hold in Europe, the European ...
Strong Currency ETFs, Struggling Eurozone Econo... [ETFs News and Commentary from Seeking Alpha - 10/27/2009] Gary Gordon submits: We think we’ve got it bad? The growth forecast for the U.S. economy in 2010 is 2.5%. Forecasts for Japan and Europe? 1.4% and 1.2% respectively. ...
Eurozone Unemployment At Record Highs; Private ... [Mish's Global Economic Trend Analysis - 10/31/2009] For all the cheering about the recovery one might think actual jobs were being created or bank lending was increasing. Neither is true in the US or the Eurozone.About ...
Eurozone retail sales drop in Sept (AP) [M0 - 11/05/2009] AP - Retail sales in the 16 countries that use the euro dropped by 0.7 percent in September, European Union statistics showed Thursday, evidence the economic recovery ...

Audio/Video

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EU Raises 2010 Euro-Zone GDP Forecast as Defici... [Bloomberg - YouTube - 11/03/2009]
EU opens way to treaty. [Reuters Video: Business - 10/30/2009]
EU opens way to treaty. [Reuters Video: Top News - 10/30/2009]
EU agrees on climate [Reuters Video: Top News - 10/31/2009]
U.S.- European Union Summit [The White House - YouTube - 11/04/2009]

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Europe: Recovery Ahead, Plan for Fiscal Exit