German Industrial Orders Down.
Rampant economic slowdown in the euro zone, Germany's main export
markets, seems to dampen the outlook for industry success. It can
be seen from the German industrial orders down by 1.8% for the month of
November; worse than predicted and revised 1.4% decline the
previous publications which increased 3.8%. Euro looks difficult to
continue the momentum of strengthening in the London session. EUR /
USD is now trading 1.3120, try to avoid high levels of daily 1.3139
The fall in industrial orders tentnya can undermine the performance of
the German economy for the last quarter of 2012. The threat of
economic slowdown in Germany is quite evident after the euro zone fell
into recession and continuing economic slowdown in many euro-
zone member states. Bundesbank warns Germany may have even threatened a brief recession in 2013.
Samaras : Ongoing Greek reforms
Greece is undergoing stringent economic reforms and its partners in Europe to provide support, Prime Minister Antonis Samaras said on Tuesday during a visit to Germany. "We're half-way. European We run and help," he told reporters ahead of discussions with German Chancellor Angela Merkel in Berlin, where they will attend economic conference. Germany, the biggest contributor in Europe, has praised the efforts of the government Samaras to implement policies aimed at tightening cut Greece's debt levels are very high.
Eurozone Unemployment Rate Reaches 11.8%
Eurozone unemployment rate rose to a record in November as tightening fiscal crisis and the deepening of the economic problems of Europe. The unemployment rate in the euro zone rose to 11.8% from 11.7% in October, according to the EU's statistics office in Luxembourg today. The data is a record high since the start of 1995 and the corresponding estimate of economists.
"In the southern part of the euro zone, the level of demand is very weak and therefore not likely to see a fundamental recovery in labor market conditions," said Uwe Duerkop, an economist at Landesbank Berlin. "There may be a stabilization in the labor market in the second half in which estimates the unemployment rate will cease to grow, but not today."
Samaras : Ongoing Greek reforms
Greece is undergoing stringent economic reforms and its partners in Europe to provide support, Prime Minister Antonis Samaras said on Tuesday during a visit to Germany. "We're half-way. European We run and help," he told reporters ahead of discussions with German Chancellor Angela Merkel in Berlin, where they will attend economic conference. Germany, the biggest contributor in Europe, has praised the efforts of the government Samaras to implement policies aimed at tightening cut Greece's debt levels are very high.
Eurozone Unemployment Rate Reaches 11.8%
Eurozone unemployment rate rose to a record in November as tightening fiscal crisis and the deepening of the economic problems of Europe. The unemployment rate in the euro zone rose to 11.8% from 11.7% in October, according to the EU's statistics office in Luxembourg today. The data is a record high since the start of 1995 and the corresponding estimate of economists.
"In the southern part of the euro zone, the level of demand is very weak and therefore not likely to see a fundamental recovery in labor market conditions," said Uwe Duerkop, an economist at Landesbank Berlin. "There may be a stabilization in the labor market in the second half in which estimates the unemployment rate will cease to grow, but not today."
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