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Showing posts with label economic growth. Show all posts
Showing posts with label economic growth. Show all posts
Monday 5 September 2016
Wednesday 12 November 2014
Pope Francis urges G20 leaders not to forget the poor
Pope Francis has called on G20 leaders not to forget the poor, saying to do so would be "regrettable" as the heads of the world's most powerful economies prepare to meet in Australia.
The Group of 20 leaders are expected to sign off in Brisbane this weekend on a pledge to boost the level of their combined economic output by at least two percent above the currently projected level in the next five years, creating millions of jobs.
In a letter to Australian Prime Minister Tony Abbott, who holds the G20's rotating presidency, the pope said world powers "must not forget that many lives are at stake behind these political and technical discussions".
The Group of 20 leaders are expected to sign off in Brisbane this weekend on a pledge to boost the level of their combined economic output by at least two percent above the currently projected level in the next five years, creating millions of jobs.
In a letter to Australian Prime Minister Tony Abbott, who holds the G20's rotating presidency, the pope said world powers "must not forget that many lives are at stake behind these political and technical discussions".
Ετικέτες
economic crisis,
economic growth,
G20,
leaders,
Pope Francis,
poverty,
sociedad
Wednesday 15 October 2014
82 Million Chinese Live on $1 per Day
Over 82 million of China’s residents are surviving on a daily income of $1 despite China's meteoric economic growth and rising export volumes, the Strait Time reports.
“The poverty-stricken population not only suffer from low income but also face various difficulties in getting drinking water, roads, electricity, education, medical care and loans,” said aChinese official Zheng Wenkai, cited by South China Morning Post.
According to the news source, poverty remains a ever present burden for most of the Chinese population. China's rural residents average 2,300 yuan ($368) a year or about $1 a day.
“The poverty-stricken population not only suffer from low income but also face various difficulties in getting drinking water, roads, electricity, education, medical care and loans,” said aChinese official Zheng Wenkai, cited by South China Morning Post.
According to the news source, poverty remains a ever present burden for most of the Chinese population. China's rural residents average 2,300 yuan ($368) a year or about $1 a day.
Ετικέτες
China,
disparities,
economic growth,
health,
poverty,
private wealth,
water
Wednesday 2 April 2014
Europe’s economic and financial outlook and its social impact, growth and banking sector issues on the agenda of the Informal ECOFIN meeting
The
two-day informal meeting of the ECOFIN, as well as the 13. Joint ECOFIN
/ FEMIP Ministerial Meeting, organized by the Geek Presidency in Athens
on 1-2 April had a full agenda and Ministers were able to exchange
views on a number of key issues affecting Europe’s economy and financial
situation.
In particular, Europe’s social problems and their implications for economic growth were discussed, based on a research and policy paper presented by Bruegel, which confirms the link between poverty and unemployment on the one hand and economic growth on the other. There was a fruitful discussion on how fiscal sustainability is negatively affected by social problems, as well as on concrete measures to be taken to address persistent unemployment and social insecurity, which constitute a major problem for the EU.
In particular, Europe’s social problems and their implications for economic growth were discussed, based on a research and policy paper presented by Bruegel, which confirms the link between poverty and unemployment on the one hand and economic growth on the other. There was a fruitful discussion on how fiscal sustainability is negatively affected by social problems, as well as on concrete measures to be taken to address persistent unemployment and social insecurity, which constitute a major problem for the EU.
Ετικέτες
banks,
ECOFIN,
economic growth,
economy,
Europe,
Finanzminister,
Greek Presidency,
jobs,
poverty
Thursday 3 January 2013
A redundant political class in Ireland
by Vincent Cooper*
Politics is dead in the Irish Republic. The Irish parliament, the Dail, is now little more than a rubber stamp for the Troika, the generic name for the European Central Bank, the International Monetary Fund, and the European Union, the three powers to which the country is in hock.
Things are bad. Ireland’s debt to GDP ratio is set to reach 122 percent in 2013, above the 120 percent threshold the IMF considers unsustainable. The total debt of the country, according to an Irish Times report, is €192 billion, four times what it was in 2007, with a projected need to borrow a further €34 billion before 2015.
Politics is dead in the Irish Republic. The Irish parliament, the Dail, is now little more than a rubber stamp for the Troika, the generic name for the European Central Bank, the International Monetary Fund, and the European Union, the three powers to which the country is in hock.
Things are bad. Ireland’s debt to GDP ratio is set to reach 122 percent in 2013, above the 120 percent threshold the IMF considers unsustainable. The total debt of the country, according to an Irish Times report, is €192 billion, four times what it was in 2007, with a projected need to borrow a further €34 billion before 2015.
Ετικέτες
austérité,
economic growth,
emigration,
emigration of graduates,
European Union,
IMF,
Ireland,
troika
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