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EU DUBLIN: European Commission President Jose Manuel Barroso on Thursday said he was confident that Italy's next government would honour its commitments and would not derail growing confidence in the euro zone.Investors are nervous over whether the political gridlock that emerged from the Italian elections could hurt euro zone growth, and if support from the European Central Bank for a nation in trouble can be used if there's no workable government."I'm confident that Italy will honour its commitments," Barosso told reporters on the sidelines of a conference in Dublin."I'm quite confident that the government that will come from these elections will not undermine the positive climate of confidence that has been building up," he said.Copyright Reuters, 2013 ...

Hollande hopes for rapid MOSCOW: French President Francois Hollande said on Thursday on a visit to Moscow that he believed it would be possible to come to a political decision on the Syrian conflict in the coming weeks.   "I think that in the next few weeks we will manage to find a political solution that will stop the conflict escalating," Hollande told Echo of Moscow radio station in comments translated into Russian.   Copyright AFP (Agence France-Presse), 2013 ...
Rousseff says Brazil must shape up and compete   BRASILIA: President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check as the world's sixth-largest economy shifts into higher gear this year.   Rousseff, who has struggled to put the once-booming Brazilian economy back on to a path of solid growth, said 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks ...
Italy ROME: An Italian political crisis that has rattled the euro zone deepened on Wednesday when two party leaders ruled out the most likely options to form a government and avoid a new election.   Populist leader Beppe Grillo slammed the door on overtures from centre-left boss Pier Luigi Bersani with a stream of insults while Nichi Vendola, Bersani's junior coalition partner, ruled out a government alliance with the centre-right.   These two options are currently seen as the only ...
Slovenia LJUBLJANA: Alenka Bratusek, Slovenia's first female prime minister, has made a meteoric rise from local government to establish herself in the male-dominated sphere of national politics.   The 42-year-old entered parliament only last year after a decade in local politics, and was reluctant to make the change at first.   "It was not easy to enter politics, a profession that isn't very appreciated in Slovenia," she states in an official biography on the website of her centre-left opposition ...
Portugal seizes 79 tonnes of meat containing horse LISBON: Portuguese authorities said they had launched fraud proceedings after seizing 79 tonnes of wholesale food and thousands of packaged meals that contained horsemeat despite not being labelled with it.The 79 tonnes of "meat and meat-based products" were seized in plants that processed, packaged and distributed meat to supermarkets, the government's Economic and Food Safety Authority said in a statement.Authorities also seized nearly 19,000 packets of food "such as lasagne, hamburgers, canneloni and meatballs" in ...
Strauss-Kahn fails to ban tell-all book but wins damages   PARIS: A Paris court Tuesday turned down disgraced former IMF chief Dominique Strauss-Kahn's bid to ban a "despicable" book on his affair with the author, but ordered Marcela Iacub and her publisher to pay him 50,000 euros in damages.   In "Beauty and the Beast", due to be released on Wednesday, Argentinian-born Iacub says she had a relationship with Strauss-Kahn from January to August 2012, in the midst of the scandal over accusations that he sexually assaulted ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln