With this delivery, the Fund has provided most of the total sum agreed at EUR 23,550 million.

David Lipton, IMF First Deputy Managing Director, reported that “after two years and a half of the bailout program, the Irish authorities maintain a firm policy implementation” what has been “better reflected in the perception by the market.”

However, the official said that “the economic recovery is not yet well established and the risks to debt sustainability persist.”

Although fiscal settings are in line with the targets set for reducing the deficit to 3% of Irish GDP in 2015, it is estimated that in 2013 public debt climb to the roof of 123%, and the unemployment rate continues to record a high percentage of 13.7%.

The IMF also stated that the Irish banking system fragility is “impeding the flow of credit”, because 25% of loans are estimated failures.

Inflation in the UK rose in the fifth month of the year to exceed expectations, to stand at 2.7% annually, compared with 2.4% in April, according to the Office for National Statistics (ONS).

The increase was due fundamentally, a record rise in air fares and higher prices of fuels.

Moreover, the British unemployment rate was kept at 7.8% between February and April compared to the previous three months.

This figure implies that 2.51 million Brits are unemployed and decreased the number of people claiming unemployment benefit, to total 1.5 million.

In May stood out for its impact on the index, promotion of the contributions of soy pellets (12.0%), corn (5.6%), wheat (3.7%), crude oil (0 , 5%) of soybeans (0.2%) and copper (0.2%).

For his part, showed decreases in your gold prices (-5.0%), soybean oil (-1.9%), beef (-1.5%), primary aluminum (-1.6% ) and steel (-1.1%).

In May, the IPMP showed a growth of 0.2%. The pellets of soybeans, corn, wheat and beef up aided the index year, partly offset by falls in the price of other agricultural products (beans and oil soy), and industrial products.

Furthermore, stood below the projection between 4.5 and 5.5% set by the Central Bank for the growth of the neighboring country’s economy in the current year, although Finance Minister Felipe Larrain , already warned that the activity showed a deeper slowdown than was expected.

The first quarter growth was mainly due to domestic demand, which rose 6.8%, driven by consumption (5.5%) and investment 9.6%). In seasonally adjusted terms Chilean GDP increased by 0.5% over the previous quarter. In 2012 trasandino economy had grown by 5.6%. The result, by sector, was led by mining (7.8%), trade (6.9%), transport (4.7%), construction (4.5%), communications (4.0% ), personal business services (3.2%) and electricity, gas and water (2.7%).

Meanwhile, Fisheries suffered casualties (9.4%), Agriculture (1.8%) and Manufacturing (0.6%).

Domestic demand increased 6.8% year on year and 1.0% in seasonally adjusted terms compared to the last quarter of last year, impelled primarily by household consumption. The investment contributed to the expansion of demand, with an increase of 9.6% in annual terms of gross fixed capital formation, 5.6% in construction and other works and 16.1% in machinery and equipment .

In regard to the external sector, exports expanded by 1.0% and imports by 8.2%, while the gross national disposable income increased 4.3% due to lower especially income paid abroad , with a counterweight for the negative impact of the terms of trade.

Finally, the current account of the balance of payments recorded a deficit of USD 1,690 million, the financial account suffered a deficit of USD 1.784 million and the capital account surplus of USD 3.1 million.

The decision came a month after the BOK reduced the rate by 0.25% to 2.5% due to slowing exports and weaker growth. The decline in May was the first rate cut in seven months. The decision to leave rates unchanged was in response to, among others, the likelihood that the Federal Reserve System U.S. decrease its monetary easing sooner than expected.

“One possibility to reduce earlier than expected U.S. monetary easing and fiscal consolidation in major countries are considered as downside risks to the global economy, “the central bank said in a statement.

The recent sharp decline in Japanese yen could also have been taken into account in the decision of the bank’s board members. The export-driven economy of South Korea has been hit by declining Japanese yen. A lower yen makes Japanese exports cheaper in the markets in the two Asian countries qie compete.

The BOK said economic growth in the Republic of Korea can be accelerated due to the reduction in the rate last month and additional budget execution.

The newly elected government of President Park Geun-hye, which has cut its growth forecast for this year to 2.3% from 3%, has been pressing the BOK to support stimulus policies to boost growth. The additional budget of more than USD 15 billion is designed to bring more economic stimulus.

Evolution Of Bank Credit In Argentina

In the last 12 months bank finance grew 1.5 percentage points, and showed an increase of 5 percentage points since late 2009.

The Central Bank said that “In the framework of the powers conferred by the new charter, the Central Bank implemented in the second half of 2012 Credit Line for productive investment, whereby a proportion of private sector deposits captured should be for financing to businesses at a preset low interest rate and term of not less than three years. “

The new loans have been beneficial for SMEs, and to date, they receive 30% of total loans granted to companies.

It adds that “Italy remains the seventh industrial power but its production base is at risk by the depth of the fall in demand”, so says the Italian industry is in danger due to the size and time of duration of the economic crisis.

The study states that the productive capacity collapsed the leading Italian automotive manufacturing with 40% drop and downs of at least 20% in 14 of 22 manufacturing sectors.

It happens that the hard currency has depreciated the value of the dollar in the neighboring country, risking some “macroeconomic balance” and affecting their export competitiveness.

The policy package was defined yesterday Uruguayan economic authorities at a meeting of Macroeconomic Coordination Committee.

These new guidelines seek to discourage capital inflows “speculative” to the republic sister, who have arrived cuantiosamente after Uruguay regained investment grade non-speculative (investment grade) at the beginning of last year, combined with “high levels of uncertainty” internationally, “Policies unusually expansive” and “very low interest rates in industrial countries”. These capital flows were concentrated in government securities.

Uruguay also retain the inflation targeting system, but instead of using the interest rate as “instrumental signal”, replace it with the payment methods circulating in the economy, monetary aggregates with parameters that specify the Monetary Policy Committee (Copom) .

Also, from July 1 next year, the annual targeted range for inflation from the current range of 4-6%, 3-7%. The “horizon” of that goal is in effect for successive 24 months.

Recall that in recent years, inflation in the neighboring country exceeded the set range and in the twelve months ending May reached 8%.

The Uruguayan government clarified that this package is a “fit instrumental” monetary policy to strengthen its “credibility”.

Also the bankruptcy debts have been reduced significantly–and by 5 per cent compared to the previous year. The debt amounts to only EUR 450 million. A character that it goes “uphill”, even if the experts want to pronounce yet no all-clear.

Companies have learned from the crisis in 2008

When you consider that the sharp decline in 2013 includes only the first quarter, so you can be confident that the rest of the year will develop so well. It also Gerhard Weinhofer by the creditor protection Association Credit  form is convinced. “The trend will continue”, he comments on the current situation. “We learned a lot during the crisis.

Today is more cautiously managed and business figures are more attention.” Trade is delighted with the largest drop of private bankruptcy. A drop of 17 percent in trade, in the area of manufacturing a minus achieved a minus 10 per cent, and in the field of tourism by 8 per cent.

A strict lending helps the individuals

One of the most crucial reasons is, of course, the location of the consumer. Service providers and in the construction industry figures see in any case still depressing. But also the private bankruptcies have fallen.

So the individuals around 10 percent could recover, which means that only still 2532 cases from the bankruptcy in Austria are known. Of course, this has several causes – above all the fact that the lending is handled far more strictly than before the crisis in 2008.

Growth of 4 or more percent, as some years ago, they were normal, seem utopian wishful thinking to stay even longer. This year trust whom so his money, are at least decent profits allow.

Investment vs  reality

In Austria, so far, is basically since the beginning of the crisis, set to “Known”. So savings and money market accounts are meant. Proven trust – new avoid? This seems to have established itself here and enjoy is of course because the banks.

Still whole 49.9 percent in Germany are counting on according to a recent survey from this spring. These values were well noticed hints on the stagnant or even falling interest rates. Well a quarter, however, relies on stocks & funds, also try around 15% on real estate. One out of ten also believes in the added value gold investments. What follows from this now for the canny investor?

“Cheap”trend of banks

The banks feel feel secure, not only by these values. This becomes visible when viewing the return values for the year 2013. Almost all banks have reduced them, regardless of how “puny” they were already. The DenizBank, for example, has reduced its interest rate by 1.5% to 1.4%, call money and term deposits regardless. You keep real, calculates taxes and fees, a 1.125% annual growth.

Even small children, still popular savings account customers of the banks are here probably wave off and prefer to moms access offer of housework efficiently increase their pocket money. The ATB are also ING DiBa, Porsche Bank, Advanzia and that the “gap”. Last is as this year’s “glorious” winner with 1.75 to 1.9 per cent, depending on the system time to choose.

Growing industries – growing interest

But just when this overall disappointment of the once so trustworthy banks it is worth to look at the less-coveted investment opportunities. Thus, no real estate or shares are meant. Both require large amounts of capital and simplified “good luck” to make profits, said. Thus, they can not objectively evaluated, still recommend in detail.

Unlike a relatively young market that the renewable energy you its raw materials. Wood plantations and wind turbines, water turbines and solar energy systems. State subsidies and tax levies are a part, to bear the cost for those high-end systems can not alone but you.

So, companies in this sector are hand cross looking for private investors. Since you here but does not act as shareholders and at the same time no government financial protection engages, many ignorant investors be scared off.

This is reflected in the survey values figuratively again. In General as “unsafe”, often advertise current offerings, with interest rates between 6% and 12%. What appears at first glance as frivolous, reflected when viewing the State order flood in this industry in conjunction with related project costs and simple profit-sharing, as quite plausible. A clear winner concerning the rate of return is this non-localizable, because values that vary often monthly.