Friday, July 22, 2016
At present, the ESM finances both ongoing deficits as well as extensive redemptions of government bonds which are due to mature over the course of the programme. This way, investors are released from their liability and considerable risks are transferred to the taxpayer... - Deutsche Bundesbank
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Economy
EU - Despite a projected decrease in EU fossil fuel production, net fuel imports will decrease and the EU's import dependency will only slowly increase over the projected period. That is mainly due to the higher share of renewable energy sources (RES) and significant energy efficiency improvements, while nuclear production remains stable. ..
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Energy & Economy
United Arab Emirates - Despite the strong fiscal policy response to adjust to lower oil prices, the fiscal balance turned to a deficit of 2.1 percent of GDP, while the current account surplus declined to 3.3 percent of GDP....IMF
NEWS Release - IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates
On July 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with the United Arab Emirates.
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Economy
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