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<title>IBTimes.co.uk : Europe Economy</title>
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<item>
    <title><![CDATA[Spain car sales to decline sharply in second half: report]]></title>
    <description><![CDATA[Anfac expects a sharp drop in car sales in Spain in the second half of 2010]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31991/20100701/spain-debt-crisis-cars-registrations-anfac-government-subsidies-weak-demand-stocks-metals-value-adde.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31991/20100701/spain-debt-crisis-cars-registrations-anfac-government-subsidies-weak-demand-stocks-metals-value-adde.htm</link>
    <pubDate>Thu, 01 Jul 2010 12:03:20 +0100</pubDate>
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<item>
    <title><![CDATA[Roy Hodgson moves to Liverpool; Harry Redknapp still linked to England post]]></title>
    <description><![CDATA[Roy Hodgson has moved to Liverpool as reports of Harry Rednapp becoming England manager continue.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31981/20100701/roy-hodgson-moves-liverpool-harry-redknapp-still-linked-england-manager.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31981/20100701/roy-hodgson-moves-liverpool-harry-redknapp-still-linked-england-manager.htm</link>
    <pubDate>Thu, 01 Jul 2010 10:27:45 +0100</pubDate>
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<item>
    <title><![CDATA[Bank's Miles says no need for interest rate hike yet]]></title>
    <description><![CDATA[UK inflation is &quot;uncomfortably&quot; high, but there is no need for an immediate hike in interest rates, Bank of England policymaker David Miles said.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31927/20100701/banks-miles-says-no-need-for-interest-rate-hike-yet.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31927/20100701/banks-miles-says-no-need-for-interest-rate-hike-yet.htm</link>
    <pubDate>Thu, 01 Jul 2010 06:28:52 +0100</pubDate>
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<item>
    <title><![CDATA[Inflation not one of eurozone's problems]]></title>
    <description><![CDATA[Inflation in the eurozone is likely to stay subdued because of limited demand from the economy; and the European Central Bank will probably keep interest rates unchanged well into 2011, according to experts.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31793/20100630/inflation-not-one-of-eurozone-s-problems.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31793/20100630/inflation-not-one-of-eurozone-s-problems.htm</link>
    <pubDate>Wed, 30 Jun 2010 17:54:11 +0100</pubDate>
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<item>
    <title><![CDATA[Deficit plan will cut 600,000 public sector jobs]]></title>
    <description><![CDATA[The government&#039;s efforts to cut a record budget deficit will result in about 600,000 public sector job losses, figures from the independent Office for Budget Responsibility showed on Wednesday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31779/20100630/deficit-plan-will-cut-600-000-public-sector-jobs.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31779/20100630/deficit-plan-will-cut-600-000-public-sector-jobs.htm</link>
    <pubDate>Wed, 30 Jun 2010 16:16:24 +0100</pubDate>
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<item>
    <title><![CDATA[Bank of England member argues against rate hike; warns of recession risks]]></title>
    <description><![CDATA[BoE member argues against rate hike; warns of recession risks]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31699/20100630/uk.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31699/20100630/uk.htm</link>
    <pubDate>Wed, 30 Jun 2010 13:21:44 +0100</pubDate>
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<item>
    <title><![CDATA[Ireland exits recession but recovery fragile]]></title>
    <description><![CDATA[Ireland officially quit the euro zone&#039;s longest-running recession in the first quarter, data showed on Wednesday, but it remains far away from the sustained recovery needed to help fix its fiscal problems.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31667/20100630/ireland-exits-recession-but-recovery-fragile.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31667/20100630/ireland-exits-recession-but-recovery-fragile.htm</link>
    <pubDate>Wed, 30 Jun 2010 11:38:52 +0100</pubDate>
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<item>
    <title><![CDATA[Banks borrow less than expected from ECB, easing fears]]></title>
    <description><![CDATA[Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about their ability to cope with the repayment of close to half a trillion euros in 12-month funds on Thursday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31665/20100630/banks-borrow-less-than-expected-from-ecb-easing-fears.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31665/20100630/banks-borrow-less-than-expected-from-ecb-easing-fears.htm</link>
    <pubDate>Wed, 30 Jun 2010 11:32:45 +0100</pubDate>
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    <title><![CDATA[Euro challenged by debt roll-over and strikes]]></title>
    <description><![CDATA[The euro faces challenges from worker strikes and the expiry of 1-year loans to European banks.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31498/20100629/euro-challenged-by-debt-roll-over-and-strikes.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31498/20100629/euro-challenged-by-debt-roll-over-and-strikes.htm</link>
    <pubDate>Tue, 29 Jun 2010 18:57:21 +0100</pubDate>
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    <title><![CDATA[Hydro is Mozambique's top energy priority: minister]]></title>
    <description><![CDATA[Mozambique&#039;s top energy priority is to develop hydro-electricity projects, and will then focus on gas, wind and solar power, its energy minister said on Tuesday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31431/20100629/hydro-is-mozambique-s-top-energy-priority-minister.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31431/20100629/hydro-is-mozambique-s-top-energy-priority-minister.htm</link>
    <pubDate>Tue, 29 Jun 2010 16:30:53 +0100</pubDate>
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<item>
    <title><![CDATA[Q1 GDP figures to be released 12 July in UK]]></title>
    <description><![CDATA[Final revised GDP figures for growth in the UK are to be released late after a &#039;potential error&#039; in the data led to concerns over its reliability.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31398/20100629/q1-gdp-figures-released-july-uk.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31398/20100629/q1-gdp-figures-released-july-uk.htm</link>
    <pubDate>Tue, 29 Jun 2010 14:33:25 +0100</pubDate>
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<item>
    <title><![CDATA[Greek strike to test government pension reform]]></title>
    <description><![CDATA[Greek workers stage a new 24-hour strike on Tuesday that will gauge public discontent with government austerity measures, including a radical pension reform aimed at helping the country solve its huge debt crisis.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31324/20100629/greek-strike-to-test-government-pension-reform.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31324/20100629/greek-strike-to-test-government-pension-reform.htm</link>
    <pubDate>Tue, 29 Jun 2010 06:47:18 +0100</pubDate>
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<item>
    <title><![CDATA[CBI head Richard Lambert to step down in 2011]]></title>
    <description><![CDATA[Richard Lambert, head of the Confederation of British Industry, said on Tuesday he would step down from his position when his five-year term ends next year.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31318/20100629/cbi-head-richard-lambert-to-step-down-in-2011.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31318/20100629/cbi-head-richard-lambert-to-step-down-in-2011.htm</link>
    <pubDate>Tue, 29 Jun 2010 06:38:50 +0100</pubDate>
</item>
<item>
    <title><![CDATA[House prices fall between April and May]]></title>
    <description><![CDATA[Housing prices have stalled, say latest figures from the Land Registry.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31198/20100628/house-prices-fall-between-april-may.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31198/20100628/house-prices-fall-between-april-may.htm</link>
    <pubDate>Mon, 28 Jun 2010 16:37:44 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Reforms needed to boost Nigeria corp bond mkt: c.bank]]></title>
    <description><![CDATA[Further reforms, including to pensions and insurance, are needed to enliven Nigeria&#039;s corporate debt market, central bank Governor Sanusi Lamido Sanusi said on Monday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31146/20100628/reforms-needed-to-boost-nigeria-corp-bond-mkt-c-bank.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31146/20100628/reforms-needed-to-boost-nigeria-corp-bond-mkt-c-bank.htm</link>
    <pubDate>Mon, 28 Jun 2010 14:38:57 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Markets await UK final estimate GDP Q1; NIESR predict revision up to 0.4 pct]]></title>
    <description><![CDATA[The FTSE 100 share index is awaiting the UK&#039;s final estimate of GDP for the first quarter of 2010 after the markets took in a sudden revision downwards of US Q1 GDP.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31122/20100628/markets-await-uk-final-estimate-gdp-niesr-predict-revised-up.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31122/20100628/markets-await-uk-final-estimate-gdp-niesr-predict-revised-up.htm</link>
    <pubDate>Mon, 28 Jun 2010 13:49:35 +0100</pubDate>
</item>
<item>
    <title><![CDATA[G20: Much ado about something?]]></title>
    <description><![CDATA[G20 leaders agree to disagree on how to engineer their respective economic recoveries.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31107/20100628/g20.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31107/20100628/g20.htm</link>
    <pubDate>Mon, 28 Jun 2010 12:32:53 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Central banks warn of new crisis if exit left too late]]></title>
    <description><![CDATA[Central banks warn of new crisis if exit left too late]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31090/20100628/banks.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31090/20100628/banks.htm</link>
    <pubDate>Mon, 28 Jun 2010 11:23:20 +0100</pubDate>
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<item>
    <title><![CDATA[Leaders end G8 without agreement on bank tax; G20 begins]]></title>
    <description><![CDATA[Leaders of the Group of Eight Industrialised Nations have ended their summit without an agreement on an international bank tax.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30946/20100627/leaders-end-g8-without-agreement-bank-tax-g20-begins.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30946/20100627/leaders-end-g8-without-agreement-bank-tax-g20-begins.htm</link>
    <pubDate>Sat, 26 Jun 2010 21:23:09 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Greece trade deficit down 36 pct in April]]></title>
    <description><![CDATA[Greece’s deficit of trade balance amounted to 1.55 billion euros ($2.06 billion), 36 percent less than last year’s deficit of 2.42 billion euros ($3.17 billion).]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30792/20100625/greece-trade-deficit-april-exports-imports-hellenic-statistical-authority.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30792/20100625/greece-trade-deficit-april-exports-imports-hellenic-statistical-authority.htm</link>
    <pubDate>Fri, 25 Jun 2010 12:55:02 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Bank of England lists key risks in UK financial system]]></title>
    <description><![CDATA[In its bi-annual financial stability report, the Bank of England outlines the key risks to the UK banks]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30765/20100625/banking-financial-system-credit-ciris-sovereign-debt-crisis-regulatory-capital-liquidity-counter-par.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30765/20100625/banking-financial-system-credit-ciris-sovereign-debt-crisis-regulatory-capital-liquidity-counter-par.htm</link>
    <pubDate>Fri, 25 Jun 2010 09:34:04 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Greek CDS, bond yield spreads rise]]></title>
    <description><![CDATA[The cost of protecting government debt against default in Greece hit a record high on Thursday while its bond yield spread widened ahead of Greek bonds being dumped by index fund managers at month end.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30615/20100624/debt.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30615/20100624/debt.htm</link>
    <pubDate>Thu, 24 Jun 2010 18:58:11 +0100</pubDate>
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<item>
    <title><![CDATA[U.K. austerity a matter of political will]]></title>
    <description><![CDATA[The success and implementation of U.K.&#039;s additional spending cuts and taxes hikes are largely a matter of political will, said Mortiz Kraemer, Standard and Poor&#039;s head of sovereign ratings for Europe.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30606/20100624/u-k-austerity-a-matter-of-political-will.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30606/20100624/u-k-austerity-a-matter-of-political-will.htm</link>
    <pubDate>Thu, 24 Jun 2010 17:55:35 +0100</pubDate>
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<item>
    <title><![CDATA[French consumer spending rose in May; economy to grow 1.4 pct in 2010]]></title>
    <description><![CDATA[INSEE expects the French economy to create 63,000 new jobs in 2010, after losing 255,000 last year. The unemployment rate is expected to remain unchanged at 9.9 percent.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30539/20100624/insee-france-consumer-spending-may-economy-unemployment-new-jobs.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30539/20100624/insee-france-consumer-spending-may-economy-unemployment-new-jobs.htm</link>
    <pubDate>Thu, 24 Jun 2010 14:17:04 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Italy unemployment rate rises to 9.1 pct in Q1]]></title>
    <description><![CDATA[The unemployment rate in Italy rose for the first three months of the year to 9.1 percent from 7.9 percent in first quarter of 2009, the Rome-based research center Istat said.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30521/20100624/italy-unemployment.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30521/20100624/italy-unemployment.htm</link>
    <pubDate>Thu, 24 Jun 2010 13:35:41 +0100</pubDate>
</item>
<item>
    <title><![CDATA[EU focuses on deficit, not growth, ahead of G20]]></title>
    <description><![CDATA[In the face of  economic realities, European governments have decided to responded with austerity measures, choosing to focus on public debt reduction rather than stimulating economic growth through spending.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30489/20100624/eu-focuses-on-deficit-not-growth-ahead-of-g20.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30489/20100624/eu-focuses-on-deficit-not-growth-ahead-of-g20.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:41:01 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Moody's says budget supports Britain's triple A rating]]></title>
    <description><![CDATA[The fiscal tightening unveiled by Britain&#039;s coalition government this week, if successfully implemented, should ensure the UK retains its triple A credit standing, rating agency Moody&#039;s said on Wednesday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30488/20100624/moodys-says-budget-supports-britains-triplerating.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30488/20100624/moodys-says-budget-supports-britains-triplerating.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:36:09 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Real estate corrections not to affect Singapore banks: Fitch]]></title>
    <description><![CDATA[Real estate corrections not to affect Singapore bank, said a Fitch report on the banking sector stability in the Asia-Pacific region.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30483/20100624/real-estate-fitch-labor-market-unemployment-mortgage-construction-dbs-bank-united-overseas-bank-over.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30483/20100624/real-estate-fitch-labor-market-unemployment-mortgage-construction-dbs-bank-united-overseas-bank-over.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:33:58 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Euro zone industrial April orders up 0.9 percent]]></title>
    <description><![CDATA[Eurostat releases report on industrial new orders for the month of April]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30481/20100624/new-orders-industrial-eurostat-railway-ship-aerospace-durable-capital-goods.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30481/20100624/new-orders-industrial-eurostat-railway-ship-aerospace-durable-capital-goods.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:27:56 +0100</pubDate>
</item>
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    <title><![CDATA[Another volcanic eruption in Iceland?]]></title>
    <description><![CDATA[In the event of another powerful eruption by an icelandic volcano, the financial impact upon the European airline industry might be catastrophic.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30306/20100623/volcano-airlines.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30306/20100623/volcano-airlines.htm</link>
    <pubDate>Wed, 23 Jun 2010 17:20:31 +0100</pubDate>
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