Freedom of news in the world ,wanted to show the problem in the societies

ជនជាតិខ្មែរកើតនៅលើដីខ្មែរ ត្រូវចេះខំថែជាតិឲ្យបានរុងរឿង កេរ្តិ៍ឈ្មោះជាតិ យើងបានថ្កុំថ្កើង លុះត្រាតែយើងចេះថែរក្សា។ ទោះបីខ្មែររស់នៅប្រទេសណា ចូរកុំភ្លេចថាខ្លួនកើតមកជាខ្មែរ កុំឲ្យបរទេស គេមកបង្វែរ ឲ្យខ្មែរនិងខ្មែរ បែកសាមគ្គីគ្នា ថ្វីបើគេហ៊ានចំណាយ ប្រាក់កាសចាយហូរហៀរយ៉ាងណា ចូរកុំភ្លេច កេរ្តិ៍ឈ្មោះខេមរា រុងរឿងថ្លៃថ្លា តាំងពីបុរាណ ព្រលឹងជាតិនៅគង់វង្សបានយូរ ទាល់តែយើង ស៊ូរួបរួមគ្នាគ្រប់ប្រាណ កសាងជាតិដោយក្តីក្លាហាន នោះជាតិយើងបានស្គាល់ក្តីរុងរឿង។


Tuesday, April 23, 2013

Europe at wit's end over austerity?

(Financial Times) -- Europe may have hit the political limits of how far it can go with austerity-led economic policies because of the growing opposition in the eurozone's recession-hit periphery, the European Commission's president said on Monday.
José Manuel Barroso said that while he still believed in the need for sweeping economic reforms and drastic cuts in budget deficits, such policies needed to have "acceptance, politically and socially", which was now at risk.
"While this policy is fundamentally right, I think it has reached its limits in many aspects," Mr Barroso said. "A policy to be successful not only has to be properly designed. It has to have the minimum of political and social support."
Mr Barroso's comments come as advocates of the eurozone's austerity-led crisis response are on the defensive following a voter revolt in Italy, a deepening recession in much of the bloc and the tarnishing of a highly-influential academic treatise arguing high government debt severely hinders economic growth.

The Euro logo is seen in front of the European Central bank ECB in Frankfurt/Main, Germany, on April 4, 2013.

 The Euro logo is seen in front of the European Central bank ECB in Frankfurt/Main, Germany, on April 4, 2013

Mr Barroso's views are particularly influential because the commission has sweeping new powers to rule on whether struggling eurozone countries are able to ease up on belt-tightening.
His remarks came the same day Eurostat released data showing debt in many struggling eurozone countries continues to rocket despite unprecedented budget cuts and tax increases.
Of the four eurozone countries receiving rescue aid from the EU last year, only Greece saw its debt levels decrease, from 170 per cent of economic output in 2011 to 157 per cent -- still the highest in the EU.

Irish, Spanish and Portuguese debt levels all hit euro-era highs last year, with Portugal close to surpassing Italy as the second most indebted nation in the eurozone. Lisbon's debt jumped to 124 per cent of gross domestic product from 108 per cent, narrowly behind Rome's, which rose from 121 per cent to 127 per cent. Overall, eurozone sovereign debt rose to 90.6 per cent of GDP last year, the highest on record.
The report also highlighted the periphery's divergence from the eurozone's core, particularly Germany, which was the only EU country to post a budget surplus in 2012 but also saw its debt level remain flat for the third straight year.

In another sign that Germany is decoupling from the rest of the eurozone, German tax revenue increased 3.4 per cent in the first quarter of 2013. In March alone, the increase was 5.7 per cent on last year, according to official figures, even though economic growth was 1.5 per cent.
"Falling unemployment and higher wages are the biggest contributors to this development," said Jens Boysen-Hogrefe, an economist and expert for public finances at the Kiel Institute, who cautioned the trend may not continue since it relied heavily on a high turnover in real estate. The sales tax on land and houses rose by 14.3 per cent in March.
Still, Mr Boysen-Hogrefe said the new data made it unlikely that Germany would post a budget deficit of 0.5 per cent of GDP this year, as finance minister Wolfgang Schäuble has estimated, noting Berlin would save €11bn alone on lower borrowing costs in the bond market.
© The Financial Times Limited 201


Post a Comment

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Lady Gaga, Salman Khan