Job Market Monitor
European sovereign debt crisis
Soros | Euro crisis could destroy the EU
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies. “I’m afraid that the euro crisis is getting worse. It’s not over yet, and it is going in the wrong direction,” Soros said in discussion with Denmark’s … Continue reading
The Euro Crisis Rides Again
After a quiet-ish few months, Euro panic came back in a big way on Tuesday. Spanish stocks hit a three-year low. Spain’s bond yields crept back up above 6 percent. It wasn’t any better in Italy, whose stocks fell 5 percent. That’s a lot of bad news on a day with seemingly no new news. … Continue reading
Germany | Low Youth Unemployment
The protracted European debt crisis and austerity measures have made career prospects for many of the continent’s youth bleaker than ever. In Spain and Greece, nearly half of all those under age 25 are unemployed. But … that’s not the case in Germany. In stark contrast, Germany’s youth employment is the highest in Europe, with … Continue reading
SIX to cut 150 jobs as franc hits profits – FT.com
Switzerland’s SIX Group, is to cut 150 jobs after it warned that operating profits had been hit in recent months by tough markets and the strength of the Swiss franc. The operator of the Swiss stock exchange further cautioned that market uncertainty and cost-conscious customers were damping sales expectations for 2012 for all business areas. … Continue reading
Europe’s banks bleed from Greek debt crisis | Reuters
The scars of Greece’s debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region’s precarious finances would continue to threaten economic growth and earnings. From France to Germany, Britain to Belgium, four of the region’s biggest banks lined up to reveal they lost more … Continue reading
Ingves Says Swedish Home Prices May Drop Further as Growth Slows – Businessweek
Swedish house prices may drop further as the largest Nordic economy risks falling into a recession, according to Riksbank Governor Stefan Ingves. “It’s not unreasonable to assume that house prices may fall a bit, or at least park at today’s level,” Ingves said yesterday in an interview in Stockholm. “The pace of lending is significantly … Continue reading
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