Tuesday, September 20, 2016

World - The OECD’s analysis reveals that immigration is positive in the medium and long-term for public finances, economic growth and job markets.

Publication -  Governments must address anti-immigration backlash


19/9/2016 - OECD countries need to address the growing anti-immigration backlash and reinforce migration and integration policies while fostering international cooperation in this area, according to a new OECD report.

Germany - It must be possible in future for heavily indebted states to default as a final resort without bringing the financial system to its knees and forcing the international community to come to the rescue .. - Jens Weidmann - Bundesbank

NEWS Release -   Weidmann: rein in government debt effectively



In remarks delivered at the Institut Ökonomie der Zukunft in Karlsruhe, Bundesbank President Jens Weidmann made the case for steps towards euro-area reforms in order to make the currency more stable, adding that measures to rein in government debt effectively were urgently necessary.

USA - The Producer Price Index for final demand was unchanged from August 2015 to August 2016 .. - BLS

Press Release -  Producer Price Index for final demand unchanged from August 2015 to August 2016



The Producer Price Index for final demand was unchanged from August 2015 to August 2016. Making up 64.3 percent of the final demand index, prices for final demand services increased 1.2 percent. 

Ζημιές μετά από φόρους ύψους 23,7 εκ. σε σχέση με καθαρά κέρδη ύψους E14,8 εκ. το αντίστοιχο διάστημα του 2015. παρουσίασε το Πρώτο Εξάμηνο του 2016 η AEGEAN ..

Δελτίο Τύπου -   Αποτελέσματα Πρώτου Εξαμήνου 2016   ΑΕΡΟΠΟΡΙΑ ΑΙΓΑΙΟΥ Α.Ε.


Η AEGEAN ανακοινώνει τα αποτελέσματα του πρώτου εξαμήνου 2016, παρουσιάζοντας ενοποιημένα έσοδα ύψους E403,5 εκ., στα ίδια επίπεδα με το αντίστοιχο εξάμηνο του 2015. H επιβατική κίνηση αυξήθηκε κατά 5% και ανήλθε σε 5,2 εκ. επιβάτες.

EU - We cannot afford to waste too much time. High levels of NPLs are paralysing banks, preventing them from passing on the ECB’s monetary stimulus to companies and households, and effectively holding back the recovery in the euro area... - Yves Mersch - ECB

Press Release -  Banks adapting to the new normal: Striking a balance between prudence and pragmatism  -  Speech by Yves Mersch, Member of the Executive Board of the ECB,  Dinner Speech at the Mandarine Gestion Investment Conference,  Munich, 19 September 2016


Introduction

Global Economy - In extreme situations, the combination of depressed tax revenues and inefficient public spending can result in large fiscal deficits and critical debt situations... - Christine Lagarde - IMF

NEWS Release -  Mending the Trust Divide  - By Christine Lagarde, IMF Managing Director International Bar Association Conference, Washington, DC


Good evening. President Rivkin, Dr. Ellis – thank you for your kind introduction.