Have a Good NEWS: Eurozone crisis live: France calls time on Anglo-Franco bickering

Thursday, December 22, 2011

Eurozone crisis live: France calls time on Anglo-Franco bickering

6:49 AM |

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. Entente Cordiale? Comments from the French Minister of Foreign Affairs

. United Kingdom in the third quarter growth revised up

. Markets recover the file . The Lunch and time to return to

. The agenda for today
blogs are now living: Julia Kollewe

1:55 p.m.

Our correspondent Sunday Rushe Wall Street turns to the free market:

seems that the U.S. equity markets will get a good start. The term Dow Jones Industrial Average was up 57 points, or 0.5%, ahead of market opening bell. The Dow Jones closed up four points Wednesday, up 341 points, or 2.9%, in two sessions.

500 Index

index futures

Standard & Poor's and Nasdaq futures also rose. Futures contracts do not always work as indicators of how the wind blows, but is so much better than down.

1:44 p.m.

escape death and taxes No, especially in Greece. Hearse owners is the last group of professionals to join the anti-austerity today, participating in a protest campaign by the middle of the two cities.

They are worried that a sharp increase in annual circulation taxes, could leave them out of business. The protesters say their cars have been reclassified as. Private, instead of company cars, which means they will pay up to six times more tax on the road at the end of next week for 2012 Hearse drivers say their cars are now taxed at the same rate as luxury cars, with high import duties and annual fees.

"How can you call a hearse to a regular car? Our passengers are dead, "said protester Karvounidis Aris, a member of the Funeral Service Association of Northern Greece, PA.

In Thessaloniki, Greece's second city, the protesters took their (empty) vehicles that were empty from the main cemetery of a regional government building, while their colleagues in Athens reduced traffic passing in Parliament.

desperate to rein in excessive spending, the government of Greece has imposed a sanctions regime of the emergency fee for retirees, owners and employees, while dozens of swept the Benefits Social and exemptions prosecutors.

VHA 1580

Some demonstrations were held in Athens this year, as workers for the government and private companies have seen their wages reduced by fighting and decades old, the labor laws of protection have been scrapped.
The country has survived through loans rescue zone countries and the International Monetary Fund over the last 19 months, pushed to the brink of bankruptcy because of its huge national debt and ratios high debt.

13:30:

Some mixed numbers outside the United States. The jobless claims were better than expected, falling to its lowest level since April 2008, suggesting that the recovery of the labor market - and the economy in general - is gaining momentum

new claims for unemployment benefits fell by a seasonally adjusted 4,000 to 364,000, the Labor Department. Goldman Sachs economists said this week that 435,000 weekly claims below reported net monthly income jobs.

But economic growth in the third quarter was revised downward to a 1.8% annualized rate of 2%, wrongfooting Wall Street economists, who expect no change.

13:23:

time for the raid

noon.

. The Foreign Minister of France said
sarcastic comments about Nicolas Sarkozy in the UK has gone beyond what I wanted.

. United Kingdom in the third quarter growth was revised up - but the ONS also said that the economy stagnated in Q2

. Stock markets are rebounding with the FTSE 100 up 65 points (1.2%) for 5454 at 13:20.

. A 20% jump in sales of John Lewis was hailed as a sign of "real hope" for retailers.

. And, a small town in Spain has been enriched ? 720 million after winning the nation of El Gordo lottery

24:55:

Entente Cordiale. Alain Juppe, foreign minister of France, requested more time in the war of words between the United Kingdom and France.
Juppe said recent comments by Nicolas Sarkozy (who is said to have described David Cameron as a "stubborn child") and Jean-Pierre Jouyet, head of France's financial regulator (who said that the United Kingdom was more stupid "right in the world") was "beyond its authors wanted."
There is no iota of doubt that the Franco-British relations, which will become an excellent once again that we have much in common to allow to deteriorate. I can not imagine that we will push Britain to the European Union.

will not allow the EU to crumble. The explosion of the euro would be the end of the EU. It means a disaster that could end the worst.

24:32:

some good news. John Lewis sales between Sunday and yesterday were of 20.7% over the same period last year.
seems that the head of John Lewis, Andy Street, you can say "told you so" City analysts, who had cast doubt on the optimistic expectations of Christmas.
(But it's enough snow last year, making comparisons a little complicated)

David Barford, JL operations sales manager, explains:

store sales benefited from the festive atmosphere created by the partners (employees), while online sales grew in the period before the deadline for submission of court yesterday, although in comparison with the snow conditions last year.

Here are some details from Reuters:

The 20.7 percent figure is a gross figure, including VAT and sales tax space.Analysts new estimate of the figure behind about 13.7 percent, with the excluding VAT and the new space. On Sunday, John Lewis

reported gross sales for the week of Dec. 17 by 10.6 percent to 133.1 million pounds (208.49 million dollars), the highest weekly level in history of the company. With the disposable income of Britons are driven by price increases, wage growth muted and the austerity measures the government, most retailers are nervous about spending in the key period Christmas delivery is widespread.

John Lewis, however, has outperformed its rivals for over a year. Will be updated on the market following the January 4.
Howard Archer, chief economist at IHS Global Insight UK John Lewis figures said to provide "real hope" for retailers.

John Lewis last

average weekly sales show a substantial improvement in the home, with sales up 20.7% year on year in the four trading days until Wednesday, December 21. Of course, we must keep in mind that sales were affected last year by bad weather, and there are four stores John Lewis trading a year ago and prices are much higher. However, it still seems decent performance

Because John Lewis is often considered a benchmark for the state of the street, the increase in sales offers real hope for retailers that many consumers have made a lot of their Christmas shopping too late - probably in the hope that the fighting will intensify retail promotions and discounts.

24:26:
Pope Benedict XVI has once again turned his attention to the crisis in the euro area Suring a speech in Rome.

As this year draws to a close, Europe has an economic and financial crisis, which ultimately depends on the ethical crisis that hangs over the Old Continent. Although the values ??of solidarity, commitment to others and responsibility for the poor and suffering are largely controversial, because the motivation is often insufficient to individuals and sectors of society to practice renunciation and sacrifice. Perception and do not necessarily go hand in hand.

11:52:
Some Italian newspapers were published in Reuters. New prime minister, Mario Monti, said Italy will be able to cope with the crisis in the euro area with head held high after spending his austerity budget. He acknowledged that the government faces the difficult task of stimulating growth after the budget was approved. The reform of the labor market requires more dialogue with trade unions and employers. He also asked the Italians to buy government bonds.

11:40: Results just arrived from El Gordo in Spain, the largest in the world, the Christmas lottery, which brought some of Christmas cheer in a small town in the northeast. For those who have lost, not the lottery "El Niño", January 6.

AP reports:

a small town in 2000 run out of money in Spain has been enriched by ? 720 million Thursday after receiving the first prize in the lottery of the nation's famous Christmas.

The first prize known as "El Gordo" (fat) was divided between holders of tickets with the number 58268. The issue appeared in 1800 entries, giving the winning ticket for 20 400 000.

State Lottery Agency said all 1,800 tickets were sold that number in the city of Granada, located in the northern arid and arid Los Monegros.

Spain is struggling to emerge from a recession in almost two years that has left them with an unemployment rate of the euro area, high of 21.5%.

The lottery has a partial system of wealth, rather than one price, and thousands of numbers yield at least a kind of return. A lot of people together and chip in to buy shares of several or more tickets, which means that it is common for multiple awards to go to the same city. Other lotteries have higher individual prices, but above the ranks El Gordo as the world's richest for the total amount paid.

The winning number was selected and announced by the students of the college of San Ildefonso de Madrid, in a draw on national television.

Since its inception in 1812, December 22 lottery has become a favorite holiday tradition. This year, sold an estimated $ 2.7 million in lottery tickets and the state agency estimates that per capita spending of about 70 years. Spain has another big lottery Jan. 6 to mark the feast of the Epiphany. He is known as "El Niño" (El Niño), referring to the baby Jesus.

11.30:

A key

vote of confidence for the new leader of Italy, Mario Monti is scheduled for this afternoon.

Tom Kington in Rome reports:

austerity budget Mario Monti is expected to pass the final hurdle today - a confidence vote in the Senate -. With the results of voting by about 3:00 p.m. Rome time

Monti will address the Senate before the vote, senators facing Northern League party, yesterday, a deputy government barracks.

Government promises action in the new year to liberalize the economy in order to complete the budget, which is heavy on tax increases and spending cuts, but the Minister of Social Affairs Elsa Fornero because it seems to have reverse plans to layoff staff easier.

Pierluigi Bersani, the head of center-left Democratic Party, one of the main sponsors of the government technocrat Monti, said yesterday: "It is absurd to think that you can create jobs by gunfire people. "

Former Prime Minister, Silvio Berlusconi, expressed concern about the budget, calling for a limit on cash purchases to reduce tax evasion avoid buying Italian men at the unbeknownst to their wives.

Although the parties in Italy are always happy to stand back while losing votes Monti accept the cuts, they know that their support for him in the end, may lose too much voice, so they postponed Monti and wholesale reform of the European economy is demanding more risk of a revolt in parliament.

11:16: a series of attacks in Baghdad pushed

oil prices