European Union Forums

[Terry]

First USA, now Europe...
What is happening? There are so many talks organized by the European authorities, but still, no results. USA has injected 700 billion dollars in its economy. I don't know about the future effect, but I obviously feel the difference now. Euro against Dollar 1.28!!! And the decrease is not stopping. In the following weeks we could witness a lower Euro against dollar.
Do you think it's gonna happen?

[Nathan]

It has already happened. But where does this crisis come from? This is the only thing I cannot understand. Despite the financial crisis, I think dollar will retain its position, and will be quite steady. So if you have dollars in the bank, don't worry

[Riser]

For those who can't search information on the Internet:
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
http://en.wikipedia.org/wiki/Financial_crisis

[Faw_Peter]

This is happening, I mean this financial crisis for the others to make profit out out this. This crisis was organised artificially, and those who did this, followed their own purpose and interests. If sth is happening that means sb needs for this to happen.

[Benn]

Unemployment in the UK is now 2.261 million, the highest since November 1996.
The jobless rate is now 7.2%, the highest since July 1997.
The number of people claiming unemployment benefit rose by 39,000 in May, a smaller increase than analysts had forecast.
The number of people in work has fallen by 271,000 over the past three months to 29.11 million, the biggest quarterly drop since comparable records began in 1971.

Young people have been particularly susceptible to the recession, with the unemployment rate in the 18-24 age group reaching 16.6%, its highest point since 1993.
http://news.bbc.co.uk/2/hi/business/7789784.stm

[Riser]

Business leaders have called for the government to do more to stem rising job losses, including introducing an "alternative to redundancy" scheme.
The CBI wants struggling firms to be allowed to suspend employees' contracts for up to six months.
Workers would then be paid the equivalent of twice the rate of Jobseekers' Allowance - half paid by the government, half by the employer.
http://news.bbc.co.uk/2/hi/business/8135552.stm

[Peach]

The worst of the recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

[Martin]

Crisis can goes worse for those living on less than $2 a day, the financial crisis is accelerating hunger and the worst is yet to come. The majority of households in poor countries are coping by reducing the number of meals eaten per day or serving up cheaper but less nutritious foods. Some families are spending less on health care or withdrawing their children from school.