Yesterday, the German parliament approved the reforms in the Financial Stability Facility (EFSF). German vote in the corpus has grown from a facility EFSF 250000000000 € 440 billion.
According to Silvio Peruzzo, Europe economist at RBS, the situation is definitely worse before the solution can be found. In an interview with CNBC-TV18, Peruzzo, said a technical recession the euro zone may begin in Q4 this year. "Next year, we have a mild contraction in GDP in 2011 compared to the euro zone."
Below is the edited transcript of his interview with Sonia Shenoy and Latha Venkatesh, and CNBC-TV18. See also the accompanying video.
Q: The German vote has increased from Corpus 250000000000 EFSF facility of up to € 440 billion. It was known in the market. It is a duty, which Germany had already been given. But because of this commitment in July, the market has increased the need for much more, the expectations are much higher. What is the sum of EFSF, which gives the satisfaction of the market? 1000000000000 € Is this cool nerves in the market for a little longer?
I think you need to find the exact number is a measure of the extent of the challenges faced. I think the best way to do this is to look towards the bond market in the country such as Italy and Spain.
If you take a common outstanding bonds in Italy and Spain, then you are probably talking about the amount of 2 trillion. And it's far from where we are today. Now the important question is about to expand to such a large amount of EFSF it causes certain consequences for the AAA status of some of the larger euro zone countries.
Some recent proposals to increase the size of EFSF to go in this direction, using some form of leverage. But it's the only way we can see EFSF size as large a scale.
The market is a constant that Italy could lose his property. In this context, the best have to be able to finance up both countries. And I think it is commensurate with the outstanding bonds out there.
Italy alone has about 1.5 trillion. This is the third largest bond market in the world, you have to convince investors to big results.
Q: As you said one of the ways in which you can expand the size of the facility would EFSF or, if one can leverage, as well as the plan offered by Geithner. What problems do you see in the plan?
: There is a very, very big problems. I think the most important thing to me is related to the role of the European Central Bank. Now, all the proposals that were floated, it is about increasing the size of EFSF through some sort of leverage include the role of the ECB.
Now, the European Central Bank, we know, are forbidden to monetise government debt. I think that any influence EFSF, which runs through the central bank will be seen by the market and regulators, and potentially violating the Constitutional Treaty and the European Central Bank.
I think the step that must be available to achieve that size is very, very ambitious. I'm not sure at this stage whether we could really see this kind of event happening. And that's why I think the situation is definitely worse, before they find a solution.
Q: What about the whole European economy? Do you think there could be many or a lot of pressure on fears of recession across the economy?
I think definitely yes. We have recently changed their assessment about the prospects for the euro area business cycle. I think that the combination of falling demand, which for us is the main factor in the economic cycle. Also, the fact is that you may have noted that the persistent strains in financial markets affect the outlook for the euro area business cycle.
Now look for a technical recession which would begin in Q4 this year's quarter decline in the euro zone's GDP in Q4 2011 and Q1 2012. Next year, we have a mild contraction in GDP in 2011 compared to the euro zone. And this really consolidation, many countries do far more ambitious. We know that to bring back to a sustainable fiscal path, if economic growth is now negative is much more complex than what we've seen so far in many European countries.
Articles Source:- http://www.moneycontrol.com/news/fii-view/situation-will-get-worse-before-europe-finds-solution-rbs_592515.html
Friday, September 30, 2011
European debt crisis could take years to resolve
It has happened time and time again in recent months as the debt crisis played out. Stocks stage strong comeback with a significant expectation that a solution is found. Then they quickly dispel hopes to continue its economic difficulties, leaving investors confused and tired.
What's happening? The problem, say close watchers of the subprime financial crisis in 2008 and the debt crisis of today is that many investors think that there is a quick and easy solution, if only government officials can agree and act decisively.
In fact, one might not exist. At best, the difficulty governments in Europe and the bail their banks to keep the financial system caused a great shock to the recession and sending economies.
At the latest rescue package was approved in Europe, Germany on Thursday, after Chancellor Angela Merkel won a parliamentary by throwing the weight of the Continent's financial largest economy behind the new thing.
But the bailout does not wipe out the massive debts that have taken years to accumulate - it is like bailing out U.S. banks in 2008 did not wipe out a huge sub-prime debt was lent to homeowners, but could not repay.
The problem - too much debt and too little growth to ease - it can take many years to resolve.
"Everyone has been living beyond their means nearly the last decade, so the adjustment that is painful and long and it will test the resilience of social and political societies," said Nicolas Verón, researcher Bruegel, the research organization in Brussels.
This does not mean that the debate in Europe is controversial. If governments can not agree on how to save the Greek in its crippling debt, some fear the worst can happen - the collapse of the financial system, similar to 2008, that would ricochet around the world, the meaning of the death of Europe, but in the U.S. and emerging economies, long-term downturn, or, more worse.
Just as the U.S., Europe in recent decades, built up trillions in debt.What is different is that it was lending to many U.S. consumers and businesses, while in Europe it was mainly governments, facilitated by banks piled on debt, that lent them the money, buying up government bonds.
Now, just as the U.S. economy is held back by households whose mortgage rates are still under water and who is not going to spend again, until they run down their debts, Europe can not begin to grow again in this country learn to live up to their means.
In short, this means years of painful adjustment.
"We must adjust to lower growth," says Thomas Mirow, President of the European Bank for Reconstruction and Development Bank, referring to both the European and the U.S. "It is, of course, can be very painful. But the leaders have to speak frankly of their populations."
Uncertainty about the future of the gyrations in financial markets since the summer of driving. Earlier this week, stocks are concentrated in the euphoria that came close to a new and powerful security, but the rally fizzled on Wednesday, when the cracks began to appear among the peoples of the money is given to Greece.
Articles Source:- http://economictimes.indiatimes.com/news/international-business/european-debt-crisis-could-take-years-to-resolve/articleshow/10180427.cms
What's happening? The problem, say close watchers of the subprime financial crisis in 2008 and the debt crisis of today is that many investors think that there is a quick and easy solution, if only government officials can agree and act decisively.
In fact, one might not exist. At best, the difficulty governments in Europe and the bail their banks to keep the financial system caused a great shock to the recession and sending economies.
At the latest rescue package was approved in Europe, Germany on Thursday, after Chancellor Angela Merkel won a parliamentary by throwing the weight of the Continent's financial largest economy behind the new thing.
But the bailout does not wipe out the massive debts that have taken years to accumulate - it is like bailing out U.S. banks in 2008 did not wipe out a huge sub-prime debt was lent to homeowners, but could not repay.
The problem - too much debt and too little growth to ease - it can take many years to resolve.
"Everyone has been living beyond their means nearly the last decade, so the adjustment that is painful and long and it will test the resilience of social and political societies," said Nicolas Verón, researcher Bruegel, the research organization in Brussels.
This does not mean that the debate in Europe is controversial. If governments can not agree on how to save the Greek in its crippling debt, some fear the worst can happen - the collapse of the financial system, similar to 2008, that would ricochet around the world, the meaning of the death of Europe, but in the U.S. and emerging economies, long-term downturn, or, more worse.
Just as the U.S., Europe in recent decades, built up trillions in debt.What is different is that it was lending to many U.S. consumers and businesses, while in Europe it was mainly governments, facilitated by banks piled on debt, that lent them the money, buying up government bonds.
Now, just as the U.S. economy is held back by households whose mortgage rates are still under water and who is not going to spend again, until they run down their debts, Europe can not begin to grow again in this country learn to live up to their means.
In short, this means years of painful adjustment.
"We must adjust to lower growth," says Thomas Mirow, President of the European Bank for Reconstruction and Development Bank, referring to both the European and the U.S. "It is, of course, can be very painful. But the leaders have to speak frankly of their populations."
Uncertainty about the future of the gyrations in financial markets since the summer of driving. Earlier this week, stocks are concentrated in the euphoria that came close to a new and powerful security, but the rally fizzled on Wednesday, when the cracks began to appear among the peoples of the money is given to Greece.
Articles Source:- http://economictimes.indiatimes.com/news/international-business/european-debt-crisis-could-take-years-to-resolve/articleshow/10180427.cms
Thursday, September 29, 2011
Browsing the Internet: The Essential Fundamentals
You may be surprised by the finding that there are a lot of internet users who do not know the source or origin of the web sites they visit and browse. All the user knows that he or she is internet, which he did not even understand how it is structured and how things work there. The Internet is a network of computers. The network is a group of computers that share resources such as computer data, which is called the server. The network is inside a small radius, such as a building or two buildings, which are side by side. This type of network is called a Local Area Network (LAN). Radius of the network can be very high, ranging up to more than one geographical location as on the mainland. This is a Wide Area Network (WAN). Internet is a Wide Area Network and the website you will see your screen, otherwise called the production web server, the server can be thousands of miles away. How to get the production web site server? However, they do not get the web space allocated to the production server under the domain name registered. This is called hosting. Before hosting your website, you register a domain name such as www dot something and storage space for your uploaded web pages are created in that domain name.
Bandwidth is, simply put, is a measure of Internet and broadband data transfer standard capable of transmitting text, images, etc. at high speed. The speed at which you browse the download depends on a combination of factors and one of them you have the bandwidth of your Internet service provider (ISP). The higher the bandwidth, the faster you can download web pages. The same file is uploaded. So if you're browsing and you are experiencing very slow downloading or uploading problems, it might slow the problem. You can try using another computer to another ISP for more bandwidth. I have been using the terms up and down the batteries, you will probably have to hear and use. Copy files to production server is the computer while copying files to a website such as the production server is a computer download. When you enter a website address into the browser and press the Enter key and the site will appear on your screen, you have passed the load. I mentioned in your browser right now. The browser is a software package that allows you to access content on the site to meet browsing. The website with the web browser, after which you can start accessing the site's content. Popular types of web browsers Internet Explorer, Mozilla Firefox, Opera, Internet Explorer, etc. Nescape is available on the Windows operating system. As soon as you install Windows on your system, it would have been installed in Internet Explorer. Browsers such as Mozilla Firefox and Opera work to be installed separately. Sometimes problems are caused by web browsing, such as the inability to load the download error.This might be something to do with bandwidth or computer. This may be a browser problem. If you download a different browser, you can be a successful download. This is a pointer to the browsers have different capabilities and so it is good practice to install more than one browser on your computer, so you can go from one to another when the need arises.
Equipment such as computers, radio, TV and telephones, which produce information technology (IT) equipment. The information they generate will be transmitted over the appropriate communication medium, such as cables, satellites, transmitters, antenna, etc. Such data communication is a communication tool.You can not make use of information communication technology without being properly prepared and you can not distribute the information to produce information about information technology.Thus, the convergence of information technology (IT) and communications technology. Thus, coining the term Information and Communication Technology ICT is commonly abbreviated as the original place of today is a comprehensive concept. For example, you can create a text of your e-mail, online computer (information technology), and send it to the recipient via satellite internet (ICT).This is where the convergence of information and communication technology and come up with sensible fusion in information and communication technology (ICT). But the issue of ICT in catch-all term instead of the original deadline for everything is debatable.
Internet has spread the word by Internet users. The opposite is offline. The term is now synonymous with online and offline to connect to the internet is not related to the internet. Basically, online is a term used to describe a situation where the device is directly connected with the computer offline and its control is basically the opposite. This means that it is only when you are connected to Internet browsing, which can be held online. You might be on the Internet in your office LAN, as long as your terminal or peripheral device (printer, scanner, etc.) are directly related to the computer.Each computer on the network is called an IP address. IP means Internet Protocol and address (127.0.0.1 for example) is an effective tool to identify where it is actually from downloading applications. Your domain name (www dot something) is assigned an IP address, which means that if you are downloading a web production server, you connect your IP address, which usually indicates a bar at the bottom of Internet Explorer.
Internet browsing is very nice, but it is not without some of its problems such as slow downloading and downloading the error mentioned earlier. There are some problems that pose a serious threat to users. A typical one is a virus. The virus is a program written by people with the intention of damaging your computer files. A computer infected by downloading and your system becomes corrupt and starts properly. What is needed in order to protect it is to install a good anti-virus software on your computer and you should continue to update it regularly to sharpen the efficiency of browsing. Anti-virus software provides an interface to update your computer to start. Another problem caused by the spyware attack browsing the Internet. Spyware is a program written for people to access information stored on your computer such as passwords, credit card number, etc. Infection occurs during the download while browsing. The file is installed on your computer, allowing anyone to access information on your computer through the internet. It also has anti-spyware software that you can install that will help you to block such an attack while you are browsing.
I hope this write-up have thrown more light on some important issues, and internet browsing, you now have a better understanding of what goes on when you are browsing.
Arties Source:- http://ezinearticles.com/?Browsing-the-Internet:-The-Essential-Fundamentals&id=6590990
Bandwidth is, simply put, is a measure of Internet and broadband data transfer standard capable of transmitting text, images, etc. at high speed. The speed at which you browse the download depends on a combination of factors and one of them you have the bandwidth of your Internet service provider (ISP). The higher the bandwidth, the faster you can download web pages. The same file is uploaded. So if you're browsing and you are experiencing very slow downloading or uploading problems, it might slow the problem. You can try using another computer to another ISP for more bandwidth. I have been using the terms up and down the batteries, you will probably have to hear and use. Copy files to production server is the computer while copying files to a website such as the production server is a computer download. When you enter a website address into the browser and press the Enter key and the site will appear on your screen, you have passed the load. I mentioned in your browser right now. The browser is a software package that allows you to access content on the site to meet browsing. The website with the web browser, after which you can start accessing the site's content. Popular types of web browsers Internet Explorer, Mozilla Firefox, Opera, Internet Explorer, etc. Nescape is available on the Windows operating system. As soon as you install Windows on your system, it would have been installed in Internet Explorer. Browsers such as Mozilla Firefox and Opera work to be installed separately. Sometimes problems are caused by web browsing, such as the inability to load the download error.This might be something to do with bandwidth or computer. This may be a browser problem. If you download a different browser, you can be a successful download. This is a pointer to the browsers have different capabilities and so it is good practice to install more than one browser on your computer, so you can go from one to another when the need arises.
Equipment such as computers, radio, TV and telephones, which produce information technology (IT) equipment. The information they generate will be transmitted over the appropriate communication medium, such as cables, satellites, transmitters, antenna, etc. Such data communication is a communication tool.You can not make use of information communication technology without being properly prepared and you can not distribute the information to produce information about information technology.Thus, the convergence of information technology (IT) and communications technology. Thus, coining the term Information and Communication Technology ICT is commonly abbreviated as the original place of today is a comprehensive concept. For example, you can create a text of your e-mail, online computer (information technology), and send it to the recipient via satellite internet (ICT).This is where the convergence of information and communication technology and come up with sensible fusion in information and communication technology (ICT). But the issue of ICT in catch-all term instead of the original deadline for everything is debatable.
Internet has spread the word by Internet users. The opposite is offline. The term is now synonymous with online and offline to connect to the internet is not related to the internet. Basically, online is a term used to describe a situation where the device is directly connected with the computer offline and its control is basically the opposite. This means that it is only when you are connected to Internet browsing, which can be held online. You might be on the Internet in your office LAN, as long as your terminal or peripheral device (printer, scanner, etc.) are directly related to the computer.Each computer on the network is called an IP address. IP means Internet Protocol and address (127.0.0.1 for example) is an effective tool to identify where it is actually from downloading applications. Your domain name (www dot something) is assigned an IP address, which means that if you are downloading a web production server, you connect your IP address, which usually indicates a bar at the bottom of Internet Explorer.
Internet browsing is very nice, but it is not without some of its problems such as slow downloading and downloading the error mentioned earlier. There are some problems that pose a serious threat to users. A typical one is a virus. The virus is a program written by people with the intention of damaging your computer files. A computer infected by downloading and your system becomes corrupt and starts properly. What is needed in order to protect it is to install a good anti-virus software on your computer and you should continue to update it regularly to sharpen the efficiency of browsing. Anti-virus software provides an interface to update your computer to start. Another problem caused by the spyware attack browsing the Internet. Spyware is a program written for people to access information stored on your computer such as passwords, credit card number, etc. Infection occurs during the download while browsing. The file is installed on your computer, allowing anyone to access information on your computer through the internet. It also has anti-spyware software that you can install that will help you to block such an attack while you are browsing.
I hope this write-up have thrown more light on some important issues, and internet browsing, you now have a better understanding of what goes on when you are browsing.
Arties Source:- http://ezinearticles.com/?Browsing-the-Internet:-The-Essential-Fundamentals&id=6590990
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