EUROPE: German Tycoons Want The Cake And Eat It Too

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By Julio Godoy Image credit: Wikimedia Commons *

BERLIN (IDN) - Several recent economic news from the Eurozone illustrate the way the German industry bosses want to have their cake and eat it too: As the German federal statistical office (Destatis) informed earlier in December, the country’s export reached a record of some 100 billion euros, some 135 billion U.S. dollars, the highest amount ever measured in a month.

This record followed another – of surplus in the German trade balance – of more than 20 billion euros, beating the top score of June 2008 by more than one billion, as the Destatis stated in a press release on November 8, 2013.


EUROPE: Whither Post-Wall Continent - and Germany?

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Photo: European Council President Van Rompuy | Credit: consilium.europa.euBy Ramesh Jaura

BERLIN - Europe is the world’s richest region. Together 28 countries constituting the European Union (EU) are the world’s largest market. EU and its member states provide 56% of about $130 billion global official development assistance. Precisely this obliges Europe not to stay bogged down in ongoing financial and identity crises but accept its international responsibilities wholeheartedly.

This was the upshot of a landmark speech by the European Council President Herman Van Rompuy on November 9, the very day the Berlin Wall fell in 1989, 28 years after it was erected to reinforce post-war division of Germany and Europe. The day was “perhaps the most important tipping point, not just for Germany but in our recent European history,” he said.


LATIN AMERICA: Nicaragua and Europe Strive To Deepen Ties

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By Peter TasePhoto: EU Commissioner Andris Piebalgs (right) with visited Deputy Secretary of External Cooperation of the Republic of Nicaragua , Valdrack Jaentschke (left) | Credit: Jairo Cajina/El 19*

MILWAUKEE, Wisconsin  - Over the past three years, Nicaragua has been trying to deepen ties with major European Union countries, paying special attention to the establishment of various sustainable development initiatives.

Nowhere is the strategy more apparent than in Foreign Minister Samuel Santos’ visit to Brussels and Strasbourg in December of 2010, where he secured financing from the European Commission for the Nicaragua Education Project (PROSEN) and funding for anti-dengue and rural public health campaigns from Luxembourg


LATIN AMERICA: Mixed Praise For Chile’s Economic Performance

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(Left/right) Felipe Larraín, Chile's Minister of Finance and Angel Gurría, OECD Secretary-General on October 23, 2013 in Santiago | Credit: OECDBy J C Suresh

TORONTO - Chile has received kudos for making significant economic progress in the previous three years but has been faulted for “some glaring inequalities”. A new study finds that – together with Mexico – Chile displays “the greatest inequality gap” in the 34-nation Organisation for Economic Co-operation and Development (OECD).

The average income of the wealthiest 10 percent in Chile and Mexico is 27 times that of the poorest 10 percent, in other words, a ratio of 27 to 1. By contrast, the OECD average is around 10 to 1, informs the 2013 Economic Survey of Chile


LATIN AMERICA: Female Share in Labour Market Rising

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By Oscar Ugarteche, Valentina BallestéPhoto credit: Social Watch | Alex E. Proimos *

QUITO - With no haste, but without pause, the participation of women in the labour market has seen accelerated growth since the 1970s, according to the Panorama Laboral 2012 of the International Labour Organization (ILO). There is a gradual closing of the differences in participation between men and women in the labour force.

The participation rate of women in Latin America in 2012 was 49.8%, the employment rate was 40.2% and the unemployment rate 7.7%, while for men the participation rate was 71.4%, employment 59.8% and unemployment 5.6%. (1


LATIN AMERICA: Headwinds Challenging Progress

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Image credit: OECDBy J C Suresh

TORONTO - Latin America has achieved economic growth and made significant progress in poverty reduction over the course of the last decade. But it is now facing headwinds, according to the latest Latin American Economic Outlook.

Jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America, the report was released in Panama City during the XXIII Ibero-American summit on October 18-19, 2013.

“Between 2003 and 2012, the region grew at an average annual rate of 4% thanks to the rapid rise of global trade and increasing commodity prices, and this despite the contraction brought about by the international financial crisis,” states the report









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