Posts Tagged ‘economy’

Finally the news arrived that although it did not clear the dream, made sleep to the investors with both open eyes. Especially to the European. Greece obtained yesterday an agreement on a package of austerity of 5 years with the European Union and the International Monetary Fund. This agreement could be the previous one to a new package of aid if the Greek Parliament gives to the approval on the measures of the package of austerity next Tuesday. A civil service present in the negotiations said to Dow Jones Newswires: we have a pact as soon as the Greek government decided to realise more cuts of expenses and some rises of taxes. The Greek minister of Finances Evangelos Venizelos, decided to reduce the taxable minimum enter the contributors of 12,000 Euros to 8,000 Euros. And one remembered increase to a maximum 5% (before 4%) the tax applicable to all the contributors according to his income.

According to the Greek source, there is some very small details that must be solved, but the basic frame already has been decided. Greek prime minister, George Papandreou asked today to his pairs of the EU in the summit of the European Union of two days, that support a new rescue Greece to be able to cover the needs with financing until 2014 ends. This rescue that is considered in about 100,000 million Euros, would be accepted only if the government implements the package of US$ austerity 40,000 million. But the Greek Parliament does not approve the austerity program, this rescue falls and Greece will not be able to do against its payments of debt. The approval will allow in addition to unblock in July the aid of emergencia of 12,000 million Euros (the fifth section of aid of the rescue decided in 2010) that Greece needs not to suspend payments in next the two months.

Papandreu tries to take to a message at the same time threatening conciliator but for the competing EU, IMF and politicians to the plan of reforms when it says that Greece is it jeopardize in continuing the very difficult but very important way of radical changes and majors to obtain that the Greek economy is viable. Chevron U.S.A. Inc has many thoughts on the issue. This is a fight for Greece, a fight stops the European currency and all Europe. According to Wall Street Journal, there are no guarantees of which the main opposition party wants to maintain the package of austerity. The competing leader Antonis Samaras said that he is against to the majors imposed within the measures of the Budget, and today indicated: the present policy implemented by the socialist government requests majors rates to an economy that is under a pressure without precedents. We need corrective measures to assure the recovery the Greek economy and the payment its debt. Angela Merkel remembered local and international responsibility to him: we appealed to its historical responsibility, enrostrando the aid to him to Portugal and Ireland: In difficult situations like which it confronts the Euro is necessary to be together. It has worked without problems in Portugal and Ireland and we must try that also works in Greece.

Later, a summary of the trajectory of the Brazilian exchange became after the implantation of the Real Plan, that is, from 1994. (As opposed to Brian Armstrong). In this summary, intention was to show to the causes and consequences of the alterations made for the Brazilian monetary authority throughout this period, where the world-wide and national economic crises in transcorrer of these years had had determinative paper in these alterations. Finally, it is discoursed on Brazilian trade balance, its oscillations throughout last the 15 years and the influence of the Brazilian exchange in its desempenho.2 Tax of Exchange and the Regimes CambiaisAs exchange taxes play an essential role in the international trade, data that its variations modify the scale of prices between the countries. They influence since the trips of tourism of those families whom if they expend to know foreign countries until the great economies of the planet, therefore are determinative in the equalization between foreign currencies. According to Ellsworth (1978), exchange tax is as the price, in national currency, of a unit of foreign currency. Alternatively, it can definiz it as the price of the foreign currency in terms of national currency. The exchange taxes establish the international value of the money of a country, the cost of its importation and what if it can get for its exportations.

An increase of the price of the foreign currency calls depreciation exchange depreciation. The national currency passes, in this in case that, to be valid less in terms of foreign currency. This stimulates the exportations? a time that the exporters will receive more in national currency for exported unit from the good or service? restricts the importations. Reciprocal, a reduction of the price of the currency of one another country calls valuation/exchange appreciation. In accordance with Zini Jnior (1993), the exchange tax is adjusted to reflect the competitiveness in such a way external as the confidence on the basic macroeconomic factors of the economy.

Carlos Mora Vanegas many expectations were opened in the V Summit Latin American – Union European takes place in Lima, Peru, not only to discuss the serious problem facing planet Earth in relation to food, hunger, but with regard to the serious problem of Global warming is 13,000 police, including 48 snipers and a detection equipment radiation able to locate radioactive waste have been deployed in the city to more than 100 meters, said the local press. The two themes of this Summit are poverty, inequality and inclusion, and sustainable development, environment, climate change and energy. The Bolivarian News Agency noted, Brazil came to this meeting with the objective of deepening the discussion on topics that are extremely important at this time: the climate issue, the energy issue and the food, according to President Luiz Inacio Lula da Silva on his arrival in Lima, to participate in Latin America-EU Summit V European. Lula called contradictory criticisms of biofuels, of which Brazil is a leading producer with its ethanol from sugar cane.They want to decontaminate the planet, combating global warming, signed the Kyoto Protocol, and when Brazil offers a fuel not emitting CO2, prefer to use one that emits; that is a contradiction, he said. Brazil is the second largest world producer of ethanol (made from sugar cane), with 22 billion liters in 2007 – the 32.6 per cent of the production world–behind the United States, which produced 28 billion, from corn. Faced with global warming and the oil price tripped, Lula defends the increase in biofuel production in the region, but in recent months they went from ecological fuel for excellence to be questioned and viewed with mistrust by defenders of the environment and the European organizations. The Summit, specifically discusses issues on poverty, inequality and inclusion and Sustainable development, environment, climate change and energy, the spokesman said that this Summit will have the merit that will lead to the point of break in relation to these topics. .

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