Saturday, January 31, 2015

The joint fight against fraud work recovered 257 million in … – Yahoo Finance Spain

The joint fight against fraud work recovered 257 million in … – Yahoo Finance Spain

Madrid, Jan 31 (EFE) .- The volume of fraud discovered in Spain by the Security Forces of the State and by the Inspectorate of Labour and Social Security exceeded 257 million euros in operations carried out in 2014, according to data provided by the Ministry of Employment.

In particular, police and civil guard arrested and charged during 2014-4631 people in 46,304 investigations in the field of social security fraud, representing an increase of 7.4% compared to 2013.

In addition, the result of joint work of the Forces of State Security and Inspection of Labour and Social Security 9,822 violations were detected, which means an increase of 16.8% compared to 2013.

The investigations in which the greatest number of Social Security fraud were detected located in Madrid, Valencia and Catalonia.

Over the past year, 1,576 illegal workers in Spain and 60 victims of human trafficking for labor exploitation were found.

The jobs aflorados in 2014 by the inspection activities were 9,170, representing an increase of 25% compared to 2013.

The Forces of State Security involved 69 vehicles, 35 properties and 11 companies in various operations against fraud made in 2014 that uncovered the existence of 2,843 fictitious companies.

All these data were analyzed this week by Interior Minister Jorge Fernandez Diaz, Employment and Safety Social, Fatima Banez, under the collaboration agreement signed in April 2013 in the fight against social security fraud and illegal employment in Spain.

This agreement seeks to respond to the need . to intensify the persecution of crime and fraud relating to labor and social rights of workers and enterprises

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Low tone Greek leader and promises to pay debt – Digital Journal Juárez

Low tone Greek leader and promises to pay debt – Digital Journal Juárez

Associated Press | The Prime Minister of the radical left Alexis Tsipras

Associated Press | Saturday January 31, 2015 | 18:01 hrs

Athens – A day after Greece seemed to take a path of confrontation with creditors, the new Prime Minister Alexis Tsipras the radical left has toned down the rhetoric by promising to pay the debt and not take unilateral measures

The Finance Minister Yanis Varoufakis, who had a tense meeting with the leader of the Eurogroup Jeroen Dijsselbloem in Athens on Friday, has planned a trip to Paris, London and Rome to meet with their counterparts.

Tsipras said he never planned to act unilaterally and expressed certainty that Greece and the creditors reach agreement.

He also promised to pay the debt to the European Central Bank and the International Monetary Fund, which together with the European Commission form the “ troika ‘of creditors.

On the other hand, US Secretary of State John Kerry spoke by telephone on Friday with his Greek counterpart, Nikos Kotzias, to congratulate him on his appointment and underline “ the US interest in maintaining close bilateral cooperation with Greece, ” a senior State Department official who spoke on condition of anonymity said. He said he also discussed the situation in western Ukraine and the fight against terrorist threats in the region.

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Tone down the rhetoric, Greek leader promises to pay debt – El Nuevo Herald

Tone down the rhetoric, Greek leader promises to pay debt – El Nuevo Herald

A day after Greece seemed to take a path of confrontation with creditors, the new Prime Minister Alexis Tsipras the radical left has toned down the rhetoric by promising to pay the debt and not take unilateral action.

The Finance Minister Yanis Varoufakis, who had a tense meeting with the leader of the Eurogroup Jeroen Dijsselbloem in Athens on Friday, has planned a trip to Paris, London and Rome to meet with their counterparts.

Tsipras said he never planned to act unilaterally and expressed certainty that Greece and the creditors reach agreement.

He also promised to pay the debt to the European Central Bank and the International Monetary Fund, together with the European Commission forming the “troika” of creditors.

On the other hand, US Secretary of State John Kerry spoke by telephone on Friday with his Greek counterpart, Nikos Kotzias to congratulate him on his appointment and underline ” US interest in maintaining close bilateral cooperation with Greece, “said a senior State Department official who spoke on condition of anonymity. He said he also discussed the situation in western Ukraine and the fight against terrorist threats in the region.

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Greek government needs allies in Europe to leave the … – El Universal (Venezuela)

Greek government needs allies in Europe to leave the … – El Universal (Venezuela)

ATHENS face of opposition from Germany, the Greek Government seeks from this weekend allies in Europe to end austerity and restructure its voluminous debt.

Before engaging on Sunday a European tour that will begin with Cyprus, the prime minister, Alexis Tsipras, launched an appeal for calm, saying that his team did not act “so unilateral on the issue of Greek debt “

, noted AFP.

In a statement from his office, the coach said that” the agreement with our partners Europe has just begun. “

He added that they need” time to breathe and create our own medium-term recovery program “consisting of balanced budgets and action against corruption, clientelism and tax evasion.

The first movements of the government dominated by the radical left Syriza are being followed closely throughout Europe, particularly in Spain. Your partner can pulled Saturday tens of thousands in Madrid, in a “march of change” against the “caste” leader.

Germany opposes

Since this weekend, Varoufakis and Tsipras will find allies in France and Italy, two countries receptive to their arguments.

Varoufakis ahead of this Saturday his visit to Paris, where on Sunday afternoon will meet with President Michel Sapin and the Minister of Economy, Emmanuel Macron.

On Monday he will meet in London his British counterpart George Osborne, and Tuesday in Rome will see the Italian Pier Carlo Padoan.

Tsipras for his side will be on Tuesday in Rome with his Italian counterpart, Matteo Renzi, and Wednesday in Paris with the French President François Hollande.

Try and make friends as well against the intransigence of Germany, and after announcing on Friday that his government wants to break the troika of creditors (or CE European Commission, European Central Bank or ECB and International Monetary Fund, or IMF) and its austerity policies.

The Chancellor Angela Merkel warned on Saturday that “a new removed from the Greek debt” does not arise, and recalled that in 2012 the creditors private forgave Athens half sovereign debt they had, or about 106,000 million.

In tune with the Chancellor, the German Finance Minister Wolfgang Schäuble spoke in the newspaper Die Welt with the option of a new off and said that “when one knows the financing of the Greek debt, know that until 2020 no problem”.

In a very pessimistic note, analysts at German bank Berenberg said that after the return to growth in 2014 (the official forecast is 0.6%), “the arrival of Syriza to power seems to push the Greek economy to the brink of a new recession. “

Despite five years of adjustment, the Greek public debt remains astronomical levels (175% of GDP) and the government of SYRIZA requires a rebate of 50% for full revitalize the economy.

To address the issue of debt, the Greek government announced Saturday that it has hired as a consultant to the French bank Lazard.

On Friday, the director of this entity, Matthieu Pigasse, advocated halving Greek sovereign debt held by public creditors, implying a haircut 100,000 million (the total public debt of Athens amounts to around 315,000 million).

The Greek government announced on Friday not to receive the last tranche of aid pending, some 7,000 million euros. And he also said he did not want to prolong the rescue, which expires on February 28.

His attitude was criticized by the head of the Eurogroup, Jeroen Dijsselbloem, who said Friday in Athens that “ignore previous agreements is not the way forward “.

And the president of the European Parliament, Martin Schulz, said Sunday that he found it “irresponsible” the intention of the Greek government not work with the troika “on the current basis” .

During the week, the Executive also announced a flurry of measures to end austerity policies and privatization applied from 2010 return for two bailouts totaling 240,000 million euros.

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The Greek Government seeks allies in Europe to exit … – Prensa Libre

The Greek Government seeks allies in Europe to exit … – Prensa Libre

ATHENS. – On his own initiative, Greek Finance Minister Yanis Varoufakis, ahead of this Saturday his visit to Paris, where he will meet on Sunday afternoon with his counterpart, Michel Sapin. Varoufakis and Greek Prime Minister Alexis Tsipras, seek allies in France and Italy, two more receptive to their arguments countries. Will Try to make friends and intransigence against Germany and after announcing on Friday that his government wants to break with the ‘troika’ of creditors and their austerity policies.

German Chancellor Angela Merkel warned on Saturday that “a new removed from the Greek debt” does not arise and recalled that in 2012 private creditors forgave Athens half sovereign debt they had, ie a US $ 120 billion.

According to a survey for the German public broadcaster ZDF, made just after the coming to power of SYRIZA, 76% of Germans are against an acquittal Greek debt.

In line with the Chancellor, the German finance minister, Wolfgang Schäuble, spoke in the daily Die Welt against that option, saying that “when one knows the debt financing Greek, knows that until 2020 no problem “.

In a very pessimistic note, analysts at German bank Berenberg said that after the return to growth in 2014 (the official forecast is 0.6%), “SYRIZA’s arrival to power seems to push the Greek economy to the brink of a new recession.”

Despite five years of adjustment, the Greek public debt remains astronomical levels (175% of GDP) and the government of the radical left Syriza requires a haircut of 50% to fully revitalize the economy.

The Greek government announced on Friday not to receive the last installment pending help, about 7,000 million euros. And he also said he did not want to prolong the rescue, which expires on February 28.

During the week, the Executive also announced a flurry of measures to end austerity policies and privatization applied from 2010 return for two bailouts totaling US $ 271 billion.

The first movements Syriza government are being followed closely in Spain, where his ally can organized . on Saturday a large demonstration in Madrid against the “caste” leader, attended by tens of thousands of people

– Tsipras wants to fulfill promises –

In a meeting with his cabinet on Friday night, Tsipras said he will keep his campaign promises, according to local media, citing government sources.

“My predecessors chose to say one thing during the campaign and do something after the election. They had the support of the people, and lost. I want to be original and be true to my promise, “Tsipras, Syriza leader told his deputy, Yanis Dragasakis, and his finance minister, Yanis Varoufakis. Speaking to the BBC , Varoufakis stated that “Greece has not been doing reforms in the past five years, it has been deformed.” “The privatization in recent years have been kind of settlement [...] assets that were potentially very valuable were sold in full deflationary crisis very little money, and even that little money has fallen into a hole of unsustainable debt, “he added.

The finance minister and prime minister made the remarks after the visits on Thursday and Friday Athens of the early leaders of the EU, President of the Parliament, Martin Schulz, and the head of the Eurogroup Jeroen Dijsselbloem. The latter was tense at his press conference with Varoufakis and motioned to Athens “ignore agreements previous is not the way forward “.

After passing through Cyprus, must for a Greek prime minister recently taken office, Tsipras will meet Tuesday in Rome with his Italian counterpart, Matteo Renzi. On Wednesday speak in Paris with French President Francois Hollande.

BY AFP / Greece

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Varufakis said the Greek plan on debt is less expensive … – Caracol Radio

Varufakis said the Greek plan on debt is less expensive … – Caracol Radio

Athens, Jan 31 (EFE) .- The Greek Finance Minister, Yanis Varufakis, said today that the proposals of the Greek Government on debt have lower costs for European taxpayers that the current plan defending creditors.

In an interview with the local newspaper “Agora” Varufakis noted that “there is no problem to end the current bailout program” and try to renegotiate a new agreement with lenders.

“What we need is essentially a bridge between the old program, which declined and the new agreement that will occur after our negotiations,” he said.

Varufakis said that Greece needs “time, space and a break “to negotiate with creditors and reach a new agreement that allows” end the Greek problem and make the Greek social economy is sustainable “.

He stressed, however, that the commitments to “investors who have invested in the productive sector will remain intact.”

The Finance Minister said the February 28, the day that ends the program extension Greek bailout, “is a date arbitrary limit, the product of a political settlement of the previous government with partners (the troika of creditors formed by the European Commission, the European Central Bank and International Monetary Fund). “

Varufakis said the government has intended “to present a specific reform program, whose preparation is almost complete” for negotiations.

Yesterday’s meeting between Varufakis and Eurogroup chairman Jeroen Dijsselbloem, where the Greek minister said the government does not recognize the troika as a valid interlocutor in the negotiations, although the organisms that compose, has created a major upset in Europe.

Therefore, Varufakis has advanced his trip to Paris, scheduled for Monday, where tomorrow he will meet with his counterpart, Michel Sapin.

The French authorities have organized these meetings in Paris with officials of the new Greek government to avoid a clash between their willingness to obtain a remission of his debt and negative, expressed with much vehemence other European partners.

Dijsselbloem already stressed in Athens to Brussels ruled the Greek proposal to hold an international conference on debt, as said, the conference “already exists and is called Eurogroup”.

So, it is expected that on Wednesday the prime minister, Alexis Tsipras, meet with French President François Hollande, who last night attended a dinner with Chancellor Germany’s Angela Merkel and President of the European Parliament, Martin Schulz, in which they discussed the position of the new Greek government. EFE

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Spain grows again in 2014 but unemployment remains high – Today Digital (Dominican Republic)

Spain grows again in 2014 but unemployment remains high – Today Digital (Dominican Republic)

In 2014, Spain had an annual growth of 1.4%. AFP

MADRID. AFP.- Spain left behind the crisis in 2014 with an economic growth of 1.4% but recovery still seems distant for many Spaniards who suffer from high unemployment at the beginning of a frenzied election year. The Spanish economy broke five years of recession or no growth in 2014 and became one of the most dynamic of the euro zone, only behind Germany and Ireland. According to a first estimate published Friday by the National Statistics Institute (INE), the increase of the Gross Domestic Product (GDP) accelerated to 0.7% in the fourth quarter, which achieved an annual growth of 1.4%.

The figures coincide with the estimates of the Conservative government. “It’s a good thing that shows that the growth rate is accelerating,” celebrated the Secretary of State for Economic, Inigo Fernandez de Mesa, on public television TVE. Madrid forecast growth of 2% this year but Economy Minister Luis de Guindos, announced that the estimate could be improved in April to 2.5%. Very energy dependent, Spain benefited from the fall in oil prices and a more favorable exchange rate of the euro.

Taxes

The descent taxes on individuals and businesses coming into force this year should support this positive trend, estimated in a report Raj Badiani, an analyst at IHS. But the country still suffers from massive unemployment reaches 23.7% of the workforce. Among the under 25s, the figure is even more dramatic 51.8%. Although companies started creating jobs, this recovery should not stand in “an increase in temporary and low-wage contracts,” said the analyst.

Deflation

The second challenge for the Spanish economy is the threat of deflation, a symbol of that recovery is not as solid as it seems, according to Jonathan Loynes, economist at Capital Economics. “Spain remains one of the weakest by your activity level economies,” he said, stressing that its GDP is about 6% lower than in 2008. Consumer prices fell in January for the seventh consecutive month by 1.5% yoy .

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Greece will not negotiate with the “troika” bailout program – LaRepública.pe

Greece will not negotiate with the "troika" bailout program – LaRepública.pe

Meeting. Jeroen Dijsselbloem, Eurogroup President met with the Greek Minister Yanis Varoufakis in Athens. (Photo: Reuters)

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Posture. Greek government does not recognize as valid made by the European Commission block interlocutor, the International Monetary Fund and the European Central Bank.

Agencies

The new Greek government has hardened its stance, through the Minister of Finance, Yanis Varoufakis, announcing that Athens does not recognize the “troika” of lenders (European Commission, International Monetary Fund and European Central Bank) as a valid interlocutor in the negotiations on the bailout program .

“We are not willing to work with a commission [by the" troika "] has no reason to be, even from the perspective of the European Parliament,” said Varoufakis, responsible for negotiations with the “troika” in a joint appearance with President of the Eurogroup Jeroen Dijsselbloem, visiting Athens for information on the economic agenda of the new Greek government.

Varoufakis recalled that “the Greek government was elected [last Sunday at the polls] with a program that rejects the current bailout program and payment of the current debt “, amounting to 175% of Greek GDP.

The owner of Finance, however, stressed the intention of the Executive of the Greek President Alexis Tsipras to cooperate fully with its European partners. Varoufakis Sunday morning starts a round of contacts that will take you to London, Paris and Rome.

“We will try to convince all our partners in Finland or in other countries that we must find a solution that benefits the common European interest “said

Dijsselbloem while, recalled that the bailout program.” extends until late February [the 28th] “and noted that the Eurogroup has not yet taken any decision thereon: “We will decide what will be done.”

On the reiterated Greek proposal to convene a conference on Greek debt, one of the main demands of the new Greek Executive Varoufakis which informed the president of Eurogrupo-, ruled Dijsselbloem flatly that possibility. “This conference already exists and is called Eurogroup” he said. The Eurogroup “promises to help Greece only if Greece fulfills its commitments,” he said.

“The problems of the Greek economy did not disappear with the elections” last Sunday, he won with 36% of the votes the leftist Syriza, Dijsselbloem, has called on the government in Athens to continue on the path of reforms under the tutelage of the “troika” in exchange for the two bailouts 240,000 million euros said.
“The Greeks have been through a lot in recent years, much progress has been made and it is important not ruin everything,” said Dijsselbloem.

Germany defies Greek government

-The German Finance Minister Wolfgang Schäuble, yesterday warned Greece that compromises have to stay especially if you want to continue receiving aid from the ransom and that Berlin is ” difficult to blackmail “.

-In his speech at an event organized by insurers, the head of Finance and strongman Angela Merkel on economic matters stressed that” trust “and” reliability “are” the foundation for continuity of European solidarity “.

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Friday, January 30, 2015

Greece does not recognize the troika nor according to his rescue – La Crónica de Hoy

Greece does not recognize the troika nor according to his rescue – La Crónica de Hoy


 The new Greek government yesterday hardened its stance towards the troika (European Commission, International Monetary Fund and European Central Bank), and informed by his finance minister, Yanis Varufakis, Athens does not recognize this group of creditors as interlocutor in the negotiations on the bailout program nor the bailout agreement.

“We have no intention of working with a committee that has no reason to exist, even from the perspective of the European Parliament,” said Varufakis in a joint appearance with Eurogroup chairman Jeroen Dijsselbloem, who is on an official visit to Athens. Likewise, the Greek official said choose to speak directly with eurozone leaders to try to cancel more than half of the Greek debt, which amounts to 175 percent of gross domestic product (GDP).

“I recall that this government was elected on a platform that does not support the current design of rescue or that the debt can be paid,” said Varufakis, adding that his intention is to cooperate fully with the European partners.

“We will try to convince all our partners in Finland or in other countries that we must find a solution to the common European interest,” he said.

EURO GROUP. Meanwhile, Dijsselbloem, taking the floor, said the Greek rescue program “runs until the end of February,” and stressed that “before then decide what will be done. No conclusion yet. “

On the possible creation of a conference on the debt, an issue that Varufakis explained the leader of the Eurogroup, it showed sharp. “This conference already exists and is called Eurogroup,” he said.

Dijsselbloem said the Eurogroup “is committed to support Greece on condition that Athens honor its promises (and commitments).”

“The problems of the Greek economy did not disappear with the elections,” he stressed also Dutch Finance Minister.

“The Greeks have been through a lot in recent years, there have been many developments and It is important not to lose, “he said.

UNILATERAL. Dijsselbloem stressed that Greece and the Eurogroup have a “mutual interest in the future recovery of the Greek economy in the eurozone” and warned Athens not act unilaterally in its efforts to renegotiate their rescue.

Greece will run out of funds in late February, but Varoufakis said no plans to extend the rescue.

The Greek government faced a deep budget cuts ransom by 270 billion d’ñolares, agreed with the “troika” in 2010. Greece must pay about 22 thousand 500 million dollars this year, according to the Dutch Ministry of Finance.

EURO. Moreover, the Greek Finance Minister Giorgos Stathakis, said in an interview with the German magazine “Der Spiegel” that the intention of Athens, “no doubt” is continuing in the euro zone and stressed that his goal is to renegotiate the Rescue with European partners, not with the troika of creditors.

 


 Warning

 


 Berlin is “difficult to blackmail”: German finance minister

After knowing the position of the Greek government to seek renegotiation of its debt and ignore the troika as a legal entity in the economic crisis in Athens yesterday German Finance Minister Wolfgang Schaeuble warned the administration of the Greek premier, Alexis Tsipras, that commitments should be kept especially if you want to continue receiving aid from the ransom and that Berlin is “difficult to blackmail”.

Speaking at an event organized by insurers, the Finance Minister and strong man of German Chancellor Angela Merkel on economic, stressed that “trust” and “reliability” are “the foundation for the continuity of the European solidarity “.

” On this there is little to debate with us and also we are hard to blackmail, “Schäuble said.

The minister said that if all parties maintain I agreed, Berlin is “willing to solidarity”, but “only under these conditions and nowhere else.”

Schäuble said willing to talk to Athens under these premises and recalled that the Greek government Tsipras do not have much time to negotiate, because the bailout program ends in February.

In this direction also spoke Finance Ministry spokesman Martin Jäger, in a meeting with media in which ruled again a haircut on Greek debt and warned Athens that if you want to extend aid rescue program, should show a “clear willingness” to continue with structural reforms agreed.

The “reality “continued Jäger, is that in late February concludes the Greek aid program and that the troika (European Commission, European Central Bank and International Monetary Fund) to check that the conditions exist to approve an extension.

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US economy cooled in fourth quarter – RPP News

US economy cooled in fourth quarter – RPP News

The US economic growth slowed sharply in the fourth quarter , since a weak business spending and a larger trade deficit offset the fastest pace of consumer spending since 2006.

The economic slowdown occurs after two consecutive quarters of strong growth and could be short-lived due to tailwinds left lower gasoline prices.

Further details Friday showed that US consumer confidence climbed in January to highest in 11 years.

We see strong domestic consumption continues to support the drive for growth in the coming months, although the investment suffers by falling oil prices , “said Gennadiy Goldberg, an economist at TD Securities in New York.

The Gross Domestic Product of USA grew at an annual rate of 2.6 percent after the tremendous rate in the third quarter of 5 percent, said Friday the Commerce Department in its first estimate of GDP in the last three months of 2014.

Economists polled by Reuters had expected the US economy expanded at a rate of 3 percent in the fourth quarter.

Most economists think that the US economic fundamentals are strong enough to withstand a negative impact of the weakened economies foreign.

Even with the moderation in the fourth quarter, growth remained above the rate of 2.5 percent, which is considered as the potential of the economy .

US stocks fell after the GDP report while prices of Treasuries rose. The dollar remained virtually unchanged against a basket of currencies.

Throughout 2014, the economy grew 2.4 percent compared to 2.2 percent in 2013. The report was met two days after the Federal Reserve said the economy expanded at a “solid pace”, better assessment leaving the central bank en route to raise rates this year.

The US central bank maintains its Key attractions near zero since December 2008 and most economists expected to start uploading the middle of this year rate.

Consumer spending, which accounts for over two-thirds economic activity, grew at a rate of 4.3 percent in the fourth quarter , the biggest advance since the first quarter of 2006 and up from the third quarter rate of 3.2 percent.

lower gas prices-have fallen 43 percent since June according to the Government- and strengthening labor market have sparked a surge of optimism among families. The consumer confidence index from the University of Michigan rose to 98.1 this month, the best reading of data from January 2004 compared to December figure 93.6.

“The level Consumer confidence supports our view that consumer spending will begin steadily year after falling energy prices widened the wallets of Americans, “said Bricklin Dwyer, economist at BNP Paribas in New York.

LOW INFLATION

A separate report from the Labor Department showed that labor costs rose steadily in the fourth quarter but remained far from levels that could bring inflation to the target Fed 2 percent.

Inflationary pressures were off in the fourth quarter . The index measuring personal consumption spending fell at a rate of 0.5 percent, the weakest since the first quarter of 2009. Excluding food and energy, prices rose 1.1 percent reading, the lowest rate since the second quarter of 2013.

With inflation could remain weak in 2015, one patient Fed probably wait until September to begin a slow and steady monetary tightening cycle “said Michelle Meyer, an economist at Bank of America Merrill Lynch in New York.

The strong pace of consumer spending in the fourth quarter, however, was overshadowed by a drop in capital spending. The business spending on equipment fell at a rate of 1.9 percent. It was the largest contraction since the second quarter of 2009.

The business spending on equipment had advanced at a rate of 11 percent in the third quarter. The weakness in the fourth quarter may reflect cuts or delays in launching investment projects by companies in the oil industry. But it could also be the consequences after two consecutive quarters of strong gains.

REUTERS

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The US economy ended 2014 with lower growth than … – El Financiero Costa Rica

The US economy ended 2014 with lower growth than … – El Financiero Costa Rica

The US economy grew at an annual rate of 2.6% in the last quarter of 2014 , marking a slowdown after the advance 5% from July to September although the consumer spending posted its best figure since 2006, the Commerce Department reported.

The first calculation of the Government on the evolution of the product Gross domestic product (GDP) between October and December was lower than expected by economists, who had forecast growth of about 3%.

The consumer spending, which equals more than two thirds of economic activity in the country, increased by 4.3% between October and December having done at a rate of 3.2% in the previous period and thus experienced its largest quarterly gain since 2006.

But that f eath growth of consumer spending did nothing to prevent the slowdown , driven by reduced business investment, weak public expenditure and increased imports, according to the Government’s report.

In the last three months of the year, business investment contracted by 1.9%, after have had strong expansion in the previous two quarters, while the federal government spending fell 2.2%.

The chief economic adviser White House, Jason Furman said in a statement that despite the slowdown, the report is further proof of “revival” of the US economy after the serious crisis of 2009.

The strategy of President Barack Obama to build an economy for the middle class will help” ensure that our recovery is widely shared with all American families, “said Furman.

The proposals for an economy that benefits the middle class were presented by Obama last week in his annual State of the Union address to Congress and are included also in the budget for 2016 that the president will announce week on Monday and that includes more spending on defense, education and health.

With growth of 4.6% in the second quarter and 5% in the third, the US economy recorded between April and September most half expansion since mid-2003 after contracting by 2.1% between January and March suffered by effects of a particularly cold winter.

Throughout 2014 the economy grew moderately at an average rate of 2.4%, slightly above the 2.2% the previous year, according to the Commerce Department.

Economists anticipate that 2015 will be a good year because they believe that consumer spending will be strengthened by improving labor market and falling prices of gasoline.

The International Monetary Fund (IMF) recently raised its GDP growth forecast US 2015 and stood at 3.6% in contrastecon the slowdown in emerging economies and weakness in the euro zone.

At the end of its meeting This week, the Federal Reserve (Fed) remarked “solid” growth of the US economy .

In addition, in a statement, the Federal Open Market Committee (FOMC, in English) the central bank stressed that “labor market conditions have improved even more, with strong gains in employment,” which ended December with an unemployment rate of 5.6% , the lowest since June 2008.

However, as expected, the Fed remained unchanged interest rates, which are between 0 and 0.25%, and his silence on when decide upload, which is expected by mid-year.

Meanwhile, Wall Street opened today (Friday) with losses and the Dow Jones Industrial Average, the main indicator, 0.26% was left following the jobs data on the evolution of US GDP in the last quarter of 2014.

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Greece will not cooperate with lenders or expand program will ask … – El Universal (Venezuela)

Greece will not cooperate with lenders or expand program will ask … – El Universal (Venezuela)

BERLIN The new Greek government on Friday left began negotiations on its bailout with its European partners, but rejected an expected extension program and supervision of international inspectors.

The Finance Minister Yanis Varoufakis, met in Athens with Jeroen Dijsselbloem, head of the Eurogroup, in what both described as “constructive” discussions on the objectives of the new Government, Reuters reported.

But the meeting of one hour did not seem to help bridge the gap between the government of Prime Minister Alexis Tsipras and European countries, which have insisted that Greece should respect the obligations established in the rescue of 240,000 million euros.

The meeting with Dijsselbloem was the first of a series of meetings to Varoufakis, who will travel to London, Paris and Rome next week to garner support for his government.

Tsipras, who will visit Cyprus on Monday on his first visit abroad, also will be in Rome on Tuesday to meet with Italian Prime Minister Matteo Renzi, one of the leading voices in Europe against a strict budget austerity.

But Varoufakis said Greece had no intention of cooperating with a mission of the International Monetary Fund and the European Union and not try to achieve an extension of 28 February rescue program eurozone lenders.

“This platform will allow us to gain the trust of the Greek people,” Varoufakis told reporters after the meeting. “Our first action as a government not will reject the logic of question this program through a request to extend it,” he said.

Dijsselbloem said the decision on the time of redemption would be reached before the end of February , but rejected the initiative of Greece for a special conference on debt is carried forward, saying that there is already scheduled a meeting of the Eurogroup.

“COMPETITIVE” ECONOMY

Varoufakis gave no indication of what Greece would do if he can not reach agreement by that deadline. Athens should be kept under a bailout program of the EU-IMF to ensure that its banks have continued access to ECB funding.

Athens awaits the final stretch of 7,200 million euros (8,130 million) and faces some 10,000 million euros in maturing debt this summer.

The German Finance Minister Wolfgang Schaeuble in Berlin gave repeated since the arrival of the new Greek government message, saying that German generosity had already been stretched to the limit and could not accept blackmail.

The Government of Tsipras has taken office without showing any intention to soften its opposition to the bailout program, with the idea of ​​stopping privatization return the employ hundreds of workers redundant and increasing public sector pensions.

Varoufakis said Dijsselbloem assured that Athens plans to implement reforms to make the economy more competitive and have balanced budgets, but would not accept nonviable a “self-powered crisis” deflation and debt.

Meanwhile, Dijsselbloem told the new government to respect the terms of the program between Greece and the euro area and warned against adopting unilateral decision, saying it is important not to reverse the process done so far.

Dijsselbloem said the continued support of Europe depended on Greece to respect its obligations and which was held in Athens decide their position before to move forward together with the Eurozone.

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US GDP grew 2.6% in the fourth quarter – The Economist

US GDP grew 2.6% in the fourth quarter – The Economist

The Gross Domestic Product of USA grew at an annual rate of 2.6% after the tremendous rate in the third quarter than 5%, the Commerce Department said in its first estimate of GDP in the last three months of 2014.

The US economic growth slowed sharply in the fourth quarter as a weak business spending and a larger trade deficit offset the more intense pace of consumer spending since 2006.

The Gross Domestic Product of USA grew at an annual rate of 2.6% after the tremendous rate in the third quarter of 5%, reported Friday Department Trade in its first estimate of GDP in the last three months of 2014.

The slowing economy, which occurs after two consecutive quarters of strong growth, could be short-lived due to tailwinds left lower gasoline prices.

Even with the moderation in the fourth quarter, growth remained above the rate of 2.5%, which is considered as the potential of the economy.

Economists polled by Reuters had expected the US economy expanded at a rate of 3% in the fourth quarter.

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US economy cools in Q4 but remains firmly … – swissinfo.ch

US economy cools in Q4 but remains firmly … – swissinfo.ch

By Lucia Mutikani

WASHINGTON (Reuters) – US economic growth slowed sharply in the fourth quarter as a weak business spending and a larger trade deficit offset the fastest pace of consumer spending since 2006.

The economic slowdown occurs after two consecutive quarters of strong growth and could be short-lived due to tailwinds left lower gasoline prices.

Other data on Friday showed US consumer confidence climbed in January to highest in 11 years.

“We see strong domestic consumption continues to support the growth momentum in the coming months despite investment to suffer by falling oil prices, “said Gennadiy Goldberg, an economist at TD Securities in New York.

The US gross domestic product grew at an annual rate of 2, 6 percent after the tremendous rate in the third quarter of 5 percent, said Friday the Commerce Department in its first estimate of GDP in the last three months of 2014.

Economists polled by Reuters had expected that the US economy expanded at a rate of 3 percent in the fourth quarter.

Most economists think that the economic fundamentals of the United States are strong enough to withstand a negative impact of weakened foreign economies.

Even with the moderation in the fourth quarter, growth remained above the rate of 2.5 percent, which is considered as the potential of the economy.

US stocks fell after the GDP report while prices of Treasuries rose. The dollar remained virtually unchanged against a basket of currencies.

Throughout 2014, the economy grew 2.4 percent compared to 2.2 percent in 2013. The report was met two days after the Federal Reserve said the economy expanded at a “solid pace”, better assessment leaving the central bank en route to raise rates this year.

The US central bank maintains its Key attractions near zero since December 2008 and most economists expected to start uploading the middle of this year rate.

Consumer spending, which accounts for over two-thirds of the activity economy, grew at a rate of 4.3 percent in the fourth quarter, the biggest advance since the first quarter of 2006 and up from the third quarter rate of 3.2 percent.

Prices lower gasoline-have fallen 43 percent since June according to the Government- and strengthening labor market have sparked a surge of optimism among families. The consumer confidence index from the University of Michigan rose to 98.1 this month, the best reading of data from January 2004 compared to December figure 93.6.

“The level Consumer confidence supports our view that consumer spending will begin steadily year after falling energy prices widened the wallets of Americans, “said Bricklin Dwyer, economist at BNP Paribas in New York.

LOW INFLATION

A separate report from the Labor Department showed that labor costs rose steadily in the fourth quarter but remained far from the levels that could bring inflation the goal of the Fed’s 2 percent.

Inflationary pressures were off in the fourth quarter. The index measuring personal consumption spending fell at a rate of 0.5 percent, the weakest since the first quarter of 2009. Excluding food and energy, prices rose 1.1 percent reading, the lowest rate since the second quarter of 2013.

“With inflation could remain weak in 2015, one patient Fed probably wait until September to begin a slow and steady tightening cycle,” said Michelle Meyer, an economist Bank of America Merrill Lynch in New York.

The strong pace of consumer spending in the fourth quarter, however, was overshadowed by a drop in capital spending. The business spending on equipment fell at a rate of 1.9 percent. It was the largest contraction since the second quarter of 2009.

The business spending on equipment had advanced at a rate of 11 percent in the third quarter. The weakness in the fourth quarter may reflect cuts or delays in launching investment projects by companies in the oil industry. But it could also be the consequences after two consecutive quarters of strong gains.

The replenishment goods companies to meet demand contributed 0.82 percentage points to GDP growth.

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The US economy cools the end of 2014 – FORTUNE

The US economy cools the end of 2014 – FORTUNE

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Friday, January 30, 2015 at 08:04

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‘+’ The annual increase of 2.6% in the fourth quarter in contrast to 5% of the previous period; for all 2014, growth was 2.4%, the highest in four years, according to the Government. ‘+’


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The growth remained above the rate of 2.5% (Photo:. iStock by Getty Images).

The growth remained above the rate of 2.5%. (Photo: iStock by Getty Images.)

<- Body of note ->

WASHINGTON (Reuters) – The US economic growth slowed sharply in the fourth quarter as a weak business spending and a larger trade deficit offset the fastest pace of consumer spending since 2006.

The Gross Domestic Product (GDP) of US grew at an annual rate of 2.6% after the tremendous rate in the third quarter of 5%, said Friday the Commerce Department in its first estimate of GDP in the last three months of 2014.

In general throughout 2014 GDP rose 2.4%, the highest figure in four years, according to the federal government.

The slowing economy, which occurs after two consecutive quarters of strong growth, could be short-lived due to tailwinds left lower gasoline prices.

Even with the moderation in the fourth quarter, growth remained above the rate of 2.5%, which is considered as the potential of the economy.

Economists polled by Reuters had expected the US economy expanded at a rate of 3% in the fourth quarter.


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