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24/02/2012 08:49 (GMT+7)

Chỉ số đo lường trạng thái bất ổn của nhà đầu tư giảm mạnh.

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Một số thông tin kinh tế lạc quan về Đức và Mỹ đã giúp các chỉ số chứng khoán Phố Wall quay đầu tăng điểm trong phiên giao dịch 23/2. Chỉ số đo lường trạng thái bất ổn của nhà đầu tư cổ phiếu Mỹ giảm mạnh.

Germany and Greece: Wolfgang's woes

Feb 20th 2012, 22:47 by The Economist | Brussels

WOLFGANG Schäuble is, in many ways, the strongest – perhaps even the last – Europhile in the German government. But open the pages of Greek newspapers and there he is, the German finance minister depicted in Nazi uniform. It is not just the inflammatory Greek press that dislikes him. The Greek president, Karolos Papoulias, lashed out at him last week: “Who is Mr Schäuble to insult Greece? Who are the Dutch? Who are the Finnish?”

Mr Schäuble is, first and foremost, the German finance minister. As such his job is to protect the interests of the German tax-payer, from both the demands of his fellow ministers and the begging bowl held out by his European colleagues. As creditor-in-chief, one would expect him to be toughest in imposing conditions on Greece before granting a second bail-out.

But the Schäuble problem goes beyond this necessary parsimoniousness. Consistently through the crisis, Mr Schäuble has adopted the hardest positions. First it was a papercirculated by his officials calling for the creation of a budget “commissar” with the power to control the Greek budget. Then it was his open talk a Greek default, and the fact that other European countries were “better prepared” to withstand it. Most recently, he suggested that Greece should postpone its elections so that the technocratic government of Lukas Papademos has more time to implement reforms.

A message for Paul Ryan: Europe has lower deficits than America

Feb 20th 2012, 19:45 by M.S.

IN THE video clip my colleague posted of Paul Ryan arguing with Tim Geithner, Mr Ryan points to the inexorable rise in US government debt starting in 2023 projected by the administration's proposed budget and warns incredulously, "That's Europe." I'm having trouble thinking of another statement that is so wrong in so many different ways.

The European Union has lower government debt levels than America. Gross government debt in the 27 nations of the EU was 80% of the region's GDP at the end of 2010; in America gross federal debt at the end of 2010 was 94% of GDP. Furthermore, government debt is growing more slowly as a percentage of GDP in the EU than in America, because pretty much every nation in the EU is implementing austerity measures. The general government deficit in the EU-27 in 2010 was 6.6% of GDP. In America the federal deficit in 2010 was 9% of GDP.

The Greek crisis: The end of the marathon?

Feb 21st 2012, 5:47 by The Economist | BRUSSELS

“I HAVE learnt that marathon is indeed a Greek word.” Thus spoke Olli Rehn, the European monetary affairs commissioner, at the end of a 14-hour negotiating session that produced a second bailout package for Greece this morning.

Banyan: Old king coal

Asian growth will remain fuelled by coal, which is worrying for the planet

Feb 25th 2012 | from the print edition

“OUR civilisation”, wrote George Orwell over 70 years ago, “is founded on coal.” Unlike Europe’s, Asia’s still is. In 2010, according to the International Energy Agency (IEA), a think-tank, coal accounted for just one-fifth of primary energy supply in the OECD countries. But, in the world as a whole, coal accounted for almost half of the increase in energy use from 2000-10. Coal, says Edward Cunningham of Boston University, is experiencing an “historically incredible” resurgence, and may even overtake oil as a fuel by 2025. There is plenty of it and, compared with rival fuels, it is cheap. And often dirty.

Oil price rise starting to worry equities?

By Scott Barber

 

FEBRUARY 23, 2012

The correlation between oil prices and equities has fallen to the lowest level since April last year as the Iranian nuclear row and related oil price jump have swooped back onto the radar for global investors.

Until recently equities and oil have tended to move in the direction. Oil price moves have been primarily demand driven  - euro zone credit woes easing and better economic data from the U.S. have been good for oil and equity prices.

G-20 Meeting Focuses on Euro Firewall Fund

By ELISABETH MALKIN and ANNIE LOWREY

Published: February 25, 2012

MEXICO CITY — As finance ministers from the Group of 20countries began a two-day meeting here dominated by the Europeansovereign debt crisis, the United States was adamant that European nations must do more to buffer their economies.

Related

• Given Greek Deal, Investors May Reconsider Sovereign Debt(February 25, 2012)

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At the center of the dispute is the reluctance of cash-rich economies like China and Japan to contribute new money to the International Monetary Fund without a commitment from European countries to expand their own stabilization fund first. The United States has said that it will not contribute new money to the I.M.F.

The issue of that “European firewall” is dominating the discussions here among finance ministers and the heads of central banks of the leading economies.

Treasury Secretary Timothy F. Geithner said Saturday that although European countries had made progress over the past few months in averting a “catastrophic financial failure,” more work was needed to “put in place a stronger, more credible firewall.”

Tòa Bạch Ốc bênh vực cho ngân sách của Tổng thống Obama

Chủ nhật, 12 tháng 2 2012

Trong lúc Tổng thống Barack Obama chuẩn bị công bố kế hoạch chi tiêu của chính phủ, các giới chức Tòa Bạch Ốc đã lên tiếng bênh vực để chống lại những lời lẽ tấn công của đảng Cộng Hòa. Thông tín viên Michael Bowman từ Washington tường trình rằng ngân sách của tổng thống Obama, sắp được công bố vào chiều thứ Hai, theo dự kiến sẽ kêu gọi hạn chế chi tiêu và tăng thuế để hạ giảm mức thâm hụt ngân sách đang vượt khỏi tầm kiểm soát trong thập niên sắp tới.

Michael Bowman | Washington

Hình: AP

Trưởng ban nhân viên Tòa Bạch Ốc Jacob Lew

Những đồng tiền được định giá cao nhất thế giới

AN HUY

18/02/2012 09:42 (GMT+7)

Bản thân USD cũng là một trong những đồng tiền đắt giá nhất thế giới.

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Trên thế giới có hàng trăm đồng tiền của các quốc gia và vùng lãnh thổ, nhưng chỉ có một số ít đồng tiền có sức nặng trong phạm vi khu vực hoàn toàn cầu.