Our World Tour of this Week's Economy
15.06.2012 | Group
International economy news presented by the BNP Paribas Group experts.
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All you need for easy-to-follow updates on the global economy, brought to you by the economic-experts team of BNP Paribas.
EcoTV WEEK - The ECB keeps pressures on politicians
Clemente de Lucia, OECD Economist
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Overview- The ECB calls for action
The ECB cannot solve alone the crisis. President Draghi called on EU leaders to take bold action towards a more integrated union.
Clemente DE LUCIA
US : Driving blind
The latest labour market report (for May) came as a wake-up call that growth is never for sure.
Euro zone : The German economy is running out of steam
In April, manufacturing production posted its sharpest contraction since April 2009 (-2.4% m/m), driven by declining activity in all sectors but particularly in consumer and capital goods (-3.7% and -3.6% m/m respectively).
Fortnight in France : End of the campaign, start of the mandate
The first round of the parliamentary elections, on Sunday 10 June, provides the opportunity to check for any changes in the economic and political climate since François Hollande took office on 15 May.
Focus 1:Euro zone - shared debt requires a shared project
The idea of issuing common government bonds is likely to make its way onto the European Council's agenda regularly.
In Brief & Conjonctures
In Brief presents the key developments in the world economy, with a special focus on the eurozone and the US. Japan and the UK are also analysed regularly.
Conjoncture 1: United Kingdom- Regulatory Big Bang for UK banks
The UK banking system was badly shaken by the financial crisis, which, by spreading to the real economy, led to a historic decline in GDP in 2009.
Conjoncture 2: Egypt and Tunisia - a tough spring for the economy
Among the "Arab Spring" countries, only Egypt and Tunisia have embarked upon peaceful political transition.
Stéphane ALBY, Pascal DEVAUX