Iniciado por El_Presi

http://www.invertia.com/noticias/tiemporeal.asp

Weber (BCE): “No hay margen para recortar tipos"
14:33 El presidente del Bundesbank y miembro del Consejo de Gobierno del Banco Central Europeo (BCE), Axel Weber, ha comentado que no hay margen para bajar los tipos en 2008, y ha añadido que “hay que mantener la opción abierta de subir tipos”. El cargo del BCE cree que hay que esperar que las previsiones de la institución de crecimiento e inflación se revisen al alza.

Iniciado por Andrespp

[B][COLOR="Red"]
Lo que no consiguieron los germanos en la II GM lo han conseguido con el tocomocho este del euro y la Union Europea.

Iniciado por ronald29780

Ha tardado Vd. en enterarse...

Iniciado por Andrespp

El presidente del Bundesbank y miembro del Consejo de Gobierno del Banco Central Europeo (BCE), Axel Weber,

A ver si nos enteramos bien enterados de que el euro es aleman en un 75%

Y el 'problema" de la economia alemana ahora mismo no es la crisis/recesion/depresion/estanflacion de los paises PIGS.

Lo que no consiguieron los germanos en la II GM lo han conseguido con el tocomocho este del euro y la Union Europea.

May 27 (Bloomberg) -- Confidence among French executives and German consumers fell more than economists forecast as surging prices sapped purchasing power and raised production costs.

An index of sentiment among 4,000 French manufacturers this month slid four points to 102, the lowest in more than two years and below the predicted 105. GfK AG's June measure of confidence among 2,000 German shoppers declined to 4.9 from 5.6 in May. Economists had anticipated the gauge would fall to 5.7 from an initial May estimate of 5.9.

Oil prices more than doubled over the past year to a record, inflating energy costs for households and companies. That's weighing on economic growth in the 15-nation euro area, which is already grappling with a euro at around $1.60, tighter credit and slowing international demand.

``Strong inflation is clearly weighing on confidence,'' said Gilles Moec, an economist at Bank of America Corp. in London. ``The European economy is going to be much weaker than in the first quarter.''

The economy is cooling after expanding 0.7 percent in the first three months from the previous quarter, seven times the pace of the U.S. Royal Bank of Scotland Plc and Bank of America Corp. expect little to no growth in the current quarter.

Emerging Markets

How well the economy performs in the rest of 2008 will likely depend on how much streamlined production methods and demand from emerging markets lend resilience to Germany as countries such as Spain and Portugal stumble.

Europe's largest economy grew 1.5 percent in the first quarter from the previous three months as companies took advantage of mild weather to increase construction and investment in machinery, the Federal Statistics Office in Wiesbaden said today.

German demand is helping neighbors. Italian business confidence rose for the first time in seven months in May, the Rome-based Isae Institute said today. Confidence gained the most in more than a year, rising to 89.6 from 87.6 in April.

After growing more than economists expected in the first quarter, France is now faltering. Housing starts fell 18.8 percent in April, compared with the 6.5 percent decline predicted by economists, the Housing Ministry said today.

The German economy is showing signs of slowing. While business confidence unexpectedly rose last month and unemployment has declined, retail sales dropped for the first time in three months in April and investor confidence fell in May.

`Strong Setback'

``A strong setback in the second quarter is a done deal,'' said Andreas Rees, chief German economist at UniCredit Markets and Investment Banking in Munich.

The price of oil reached a record $135.09 on May 22. Euro- region consumer prices rose 3.3 percent in April from a year earlier after gaining 3.6 percent in March, the highest rate in almost 16 years.

Export growth may also slow after the euro's 18 percent gain against the dollar in the past year and as U.S. demand wanes.

Soitec SA, based in Bernin in the French Alps, last week posted a fiscal second-half loss of 8.8 million euros ($13.9 million) amid falling sales of the silicone used in the chips that power Sony Corp. and Microsoft Corp. game consoles.

The outlook for the European economy may worsen, according to sub-indexes in the GfK and Insee surveys. A measure of how French executives see the economic outlook fell to minus 15 from minus 9, while a gauge of orders dropped to minus 11 from minus 4 and a measure of foreign demand declined to minus 7 from 3.

Interest Rates

Among German shoppers, an index of income expectations decreased to minus 4.3 from 10.5 and a gauge of consumers' propensity to spend slumped to minus 20.4 from minus 4.7. A measure of economic expectations slipped to 13.4 from 23.3.

Weaker growth may complicate the task of the European Central Bank as inflation holds above its target of just less than 2 percent. The Frankfurt-based central bank, which celebrates its 10th anniversary next month, has left its benchmark interest rate at a six-year high of 4 percent since last June.

ECB governing council member Klaus Liebscher said today in Vienna that the risk of faster inflation leaves no scope to ``think about relaxing'' monetary policy.

``The ECB is stuck in a balancing act with high inflation and slowing growth,'' said Carsten Brzeski, an economist at ING Groep NV in Brussels. ``Now it's too early to cut interest rates, but once the growth slowdown materializes, there will be room to cut rates.''

Governments are also reacting. French President Nicolas Sarkozy said he may seek European Union approval to cap the value- added tax on oil products to shield households from a further increase in gasoline and fuel prices.

``Life is expensive, life is too expensive,'' Sarkozy said on RTL radio today.