The economic situation in Europe worsens: France's performance is catastrophic and Greece's whist improvin,g remains in negative territory. Europe has not addressed the roots of its failure and will continue to be under market's pressure.
Since the publication in July of stress test for banks in Europe, everything went quiet on the PIGS debt crisis with no much news during the summer. Things however are boiling again and Greek will come back to the forefront of medias sooner rather than later.
Every month, Atradius brings you an up to the minute snapshot report on a range of export markets and key trade sectors. Our underwriters have a specialist view of the world economy – and the
industries that make that economy tick - that you won’t find in the general press coverage of events.
Even more importantly, our underwriters use their expertise and experience to look to the future. In each edition of Atradius Market Monitor you’ll find our outlook for a number of key market economies.
In this issue…
…we feature the following markets:
The United Kingdom – with a spotlight on the metals and automotive sectors
Mexico – with a spotlight on manufacturing, construction and retail
Germany
Spain
Denmark
Greece
Portugal
South Africa
Who should be single A rated france or italyMarkets Beyond
Italy have been for months under pressure from markets and France relatively unscattered even if froa few weeks its spreads have increased; according to numerous economic indicators France should hardly be better rated than Italy and does not deserve a AAA rating.
The EUR 100 billion + EUR 780 billion eurozone rescue package has just bought time but not enough to address the fundamental imbalances between euro-zone economies
INDUSTRY 4.0 The new industrial revolution - Think Act 2014polenumerique33
Publication du cabinet Roland Berger "INDUSTRY 4.0 The new industrial revolution" - Think Act 2014
http://www.rolandberger.com/media/publications/2014-04-02-rbsc-pub-INDUSTRY_4_0_The_new_industrial_revolution.html
Cyprus bail in revisited - consequences for small economiesMarkets Beyond
Cyprus bail-in is spilling over and the 100% of added burden is falling on the country, with 70% of its gold reserves at risk and EUR 5.8 billion withheld from banks depositis.
Small economies with a large financial sector are increasingly bullied by larger countries which are quick to find scapegoats
The bundesbank repatriates its gold reservesMarkets Beyond
Is the Bundesbank feeling unease with 2/3 of its gold reserves held abroad? This repratriation is a telling story about Germany's confidence in France and the FED.
Since the publication in July of stress test for banks in Europe, everything went quiet on the PIGS debt crisis with no much news during the summer. Things however are boiling again and Greek will come back to the forefront of medias sooner rather than later.
Every month, Atradius brings you an up to the minute snapshot report on a range of export markets and key trade sectors. Our underwriters have a specialist view of the world economy – and the
industries that make that economy tick - that you won’t find in the general press coverage of events.
Even more importantly, our underwriters use their expertise and experience to look to the future. In each edition of Atradius Market Monitor you’ll find our outlook for a number of key market economies.
In this issue…
…we feature the following markets:
The United Kingdom – with a spotlight on the metals and automotive sectors
Mexico – with a spotlight on manufacturing, construction and retail
Germany
Spain
Denmark
Greece
Portugal
South Africa
Who should be single A rated france or italyMarkets Beyond
Italy have been for months under pressure from markets and France relatively unscattered even if froa few weeks its spreads have increased; according to numerous economic indicators France should hardly be better rated than Italy and does not deserve a AAA rating.
The EUR 100 billion + EUR 780 billion eurozone rescue package has just bought time but not enough to address the fundamental imbalances between euro-zone economies
INDUSTRY 4.0 The new industrial revolution - Think Act 2014polenumerique33
Publication du cabinet Roland Berger "INDUSTRY 4.0 The new industrial revolution" - Think Act 2014
http://www.rolandberger.com/media/publications/2014-04-02-rbsc-pub-INDUSTRY_4_0_The_new_industrial_revolution.html
Cyprus bail in revisited - consequences for small economiesMarkets Beyond
Cyprus bail-in is spilling over and the 100% of added burden is falling on the country, with 70% of its gold reserves at risk and EUR 5.8 billion withheld from banks depositis.
Small economies with a large financial sector are increasingly bullied by larger countries which are quick to find scapegoats
The bundesbank repatriates its gold reservesMarkets Beyond
Is the Bundesbank feeling unease with 2/3 of its gold reserves held abroad? This repratriation is a telling story about Germany's confidence in France and the FED.
Current account surplus is a key determinant to bonds market turnaround ita...Markets Beyond
Current accounts are key in determining when an over-indebted country will see it financial situation turning around allowing it to go back to the bond markets under "normal conditions". On this criteria, the discrepancy between Italy and France is startling and not justified by fundamentals: France will be punished by bonds market if nos dramatic action is impletmented by the French Government.
The European Council summit brought a "surprisng" conclusion with the agreement on mutualizing EZ banks' rescue; however the roots of the EZ problems are not addressed: economic and competitiveness imbalances.
Eurozone falling chickens choice internal or external devaluationMarkets Beyond
The political and economic backround in Europe is awful and no good choice is left to solve the huge imbalances between countries: external or internal devalutation.
Whatever the route followed it will translate into a fall in standard of living of Europeans. The path followed by European politicians for the past 4 years has led to a dead end and they will soon have to decide which of two tough routes to follow..
French presidential elections showed a strong following for anti-eurozone candidates, and even stronger for anti-austerity only EU/ECB policy.
This will have consequences for th futre of the euro in a context where the Europe is heading back in recession and Spain is in deep trouble. France is also facing very strong social and economic challenges ahead.
The Greek 2011 budget failed miserably despite austerity measure; the eurozone continues stubbornly to plug an unpluggable hole since the roots of the problem are not adressed. The worst is to come...
The magnificent 7 and equity markets review 11Markets Beyond
2011 was a bumby year for financial markets and 2012 will be no less hectic. However the US economic picture is improving and as written in early 2011 no double dip to be expected but for FED policy folly.
Global imbalances remain, but the eurozone is where lies the deepest problems which have not been properly addressed.
Remain invested in high yielding equities / net cash companies with a strong franchise and look at strong brands in fast growing economies; stay clear from the bond market and financials.
Numbers announced by European leaders concerning the private sector participation to the rescue do not add up: the total losses would amount to EUR55 bn, far from the EUR100 bn trumpeted.
The EUR 100 billion banks will need to write down on their Greek sovereign debt can be matched via profits, dividends and bonus cuts for many banks in order to abide by Basle III capital ratio rules. A handful of banks will need to go to governments for capital.
This does not however look at the quality of private asset or any default from another peripheral European country.
After being saved in October 2008, Dexia is finally doomed and will end-up split: it is the French part which is the dead body with it huge exposure to local authorities.
Its demise will not however induce a spillover on other bnaks: their own exposure to toxic asset will do the job for the one which cannot recapitalize.
Assessing the Influence of Transportation on the Tourism Industry in Nigeriagsochially
This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
Author: Imafidon Osademwingie Martins
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Hidden Gems of Europe - DISCOVERING THE CONTINENT'S BEST-KEPT SECRETSKamil Uğraş TÜRKOĞLU
Europe, continent rich in history, culture, and natural beauty, is often synonymous with famous cities like Paris, Rome, and London. These iconic destinations attract millions of tourists every year, captivating them with their renowned landmarks, vibrant culture, and bustling urban life. However, beyond these well-trodden paths lie countless hidden gems waiting to be discovered. These lesser-known destinations offer unique experiences, authentic encounters, and breathtaking landscapes that often surpass the allure of their famous counterparts.
In "Hidden Gems of Europe," we embark on a journey to uncover these secret spots, exploring the heart and soul of Europe through its quaint villages, charming towns, and secluded natural wonders. This book aims to inspire travelers to look beyond the obvious and venture into the lesser-explored corners of the continent, where true adventure and discovery await.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
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1. http://marketsandbeyond.blogspot.com/
http://www.pcgwm.com/
Stop Press: Markit Eurozone Manufacturing PMI – It’s really bad
I usually do not post this kind of economic data, since there are so many published every
week. I am doing so since the numbers are striking, France in particular is a real disaster.
As I indicated many time, forget about Portugal, Spain (well not really, do not forget
Spain!) and Italy, France is the sick man.
Greece: 3 month high but still in contraction territory @ 41.3
France: 33 month low (yes, you read it right!) @ 46.7 (I heard on the French radio that the
2 French auto-manufacturers – Renault and Peugeot – had sales 30% down in February;
the French auto industry, Peugeot in particular, is entering the danger zone for its
survival).
The roots of the problem have not been addressed, and politicians are still in denial
territory: the construction of Europe for the past 20 years is a failure due to a dogmatic
approach.
Source:
Markit: Markit Eurozone Manufacturing PMI® – final data
http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=9330
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