Word: economice
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True, Germany's 0.3% second-quarter spurt is a modest one. But it's a vast improvement on the economic contraction of 3.1% that Germany suffered in the first quarter of 2009 - its fourth straight negative quarter. France's identical 0.3% advance contrasts its 2008 first-quarter shrinkage of 1.3...
So what to make of all that? The U.K. aside, better than anticipated activity holds the hope that Europe may be following the U.S. in seeming to climb out of its deep economic stupor faster than expected - however gingerly. The challenge now is to sustain that improvement. Initial data released...
France and Germany's Q2 economic growth was also fueled by increased business investment financed in large part by governmental stimulus plans introduced late last year: $37 billion for France and $67 billion for Germany. But the economic engines revved up by those funds could still stall anew if organic...
Even if the big euro-zone motors of France and Germany manage to continue growing along with smaller economies like Greece and Portugal, Moec warns that broader European recovery will be a sluggish affair. Countries like the U.K., Spain, and Ireland - which each suffer from some combination of excessive household...
Meanwhile, the IRGC has been cleaning house. According to an opposition adviser who maintains close ties to the Guards leadership, at least five commanders sympathetic to the reformists were put under house arrest in the aftermath of the election. These purges within Iran's security apparatus consolidated power in the...