Word: irelands
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...result: economists across Europe are writing off 2009 as a year to forget, and some expect the weakness will continue into 2010 and beyond. Consumption will likely be sluggish and business investment soft. In European countries where the real estate market had overheated, including the U.K., Ireland and Spain, house prices are expected to continue tumbling. As the rest of the world also slows, exports will be hit - particularly bad news for Germany, which as recently as the first quarter of this year had served as the motor of Europe, thanks to its surging sales of machinery and other capital...
...home, a significant impact of the European slowdown is likely to be a rise in unemployment. The number of jobless in the E.U. dropped sharply between 2005 and 2007 and then flattened out at 25-year lows. But the latest statistics from France, Ireland, the U.K. and some other countries show that the unemployment rate is starting to pick up again. The IMF, which has slashed its growth forecast for the euro-zone countries for 2009 to a negligible 0.2%, predicts that the percentage of jobless in those 15 countries will jump above 8%. Worst hit will be Spain, where...
...Dublin, Ireland Inside a black-and-white half-timbered building in central Dublin late last month, some 9,000 people - from plumbers to bankers - gathered with a common purpose: finding a new job. Almost all "were skilled, professional people," says Stephen McLarnon, who runs the firm that put on the event, and they were "looking to make a committed move." And a long-distance one. At the Down Under Expo, a forum for recruitment agencies and immigration officials, the prize for job hunters was a new start, not in Ireland, but in Australia or New Zealand...
...forcing the banks to put up some of their own capital as margin. At the same time, depositors need to be assured that their money is safe. That's why the FDIC moved to temporarily raise the insurance limit on savings accounts from $100,000 to $250,000. Ireland and England have made similar guarantees...
...also helped bring an end to war and nearly 10 years of negotiations in Namibia, paving the way to that country's independence in 1990. In Iraq, the diplomat has hosted talks between feuding Sunni and Shi'ite groups, modeled on successful dialogues in South Africa and Northern Ireland...