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Are investors getting a bargain with Eurobank?

The Hellenic Financial Stability Fund (HFSF) said on April 15 it approved the 1.33-billion-euro offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals the completion of the first (cornerstone investor) phase covering 46.5 percent of the announced equity raising of 2.86 billion euros. Read more ...

via Macropolis
16 Apr 2014

China’s Currency Conundrum by Ronald McKinnon

In late February, the gradual appreciation of the renminbi was interrupted by a 1% depreciation. The resulting international outcry obscured a troubling feature of China’s exchange-rate policy: the tendency for sporadic renminbi appreciation (even small movements) to trigger speculative inflows of “hot” money. Read more ...

via Project-syndicate
16 Apr 2014

Euro Area Inflation Rate

The inflation rate in the Euro Area was recorded at 2.70 percent in September of 2012. Historically, from 1991 until 2012, Euro Area Inflation Rate averaged 2.3 Percent reaching an all time high of 5.0 Percent in July of 1991 and a record low of -0.7 Percent in July of 2009. Inflation rate refers to a general rise in prices measured against a stan [...] Read more ...

via Tradingeconomics
16 Apr 2014

Commissioner Malmström welcomes the Parliament's vote on new rules for Frontex-coordinated sea border operations

European Commission - Press Release details page - European Commission Statement Brussels, 16 April 2014 "Today's vote is an important step towards enhancing the effects of sea border surveillance operations and to improve coordination in search and rescue situations that may arise during such operations. We have witnessed too many tragic losses o [...] Read more ...

via Europa
16 Apr 2014

Single European Sky: Commission urges Germany, Belgium, France, the Netherlands, and Luxembourg to make a decisive move towards a common airspace

European Commission - Press Release details page - European Commission Press release Brussels, 16 April 2014 Today the Commission has formally requested Germany, Belgium, France, the Netherlands, and Luxembourg to improve their Functional Airspace Block (FAB), a common airspace arranged around traffic flows rather than state boundaries. FABs are a [...] Read more ...

via Europa
16 Apr 2014