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European Debt Crisis Contagion
European debt crisis contagion refers to the possible spread of the ongoing European sovereign-debt crisis to other Eurozone countries. This could make it difficult or impossible for more countries to repay or re-finance their government debt without the assistance of third parties. By 2012 the debt crisis forced 5 out of 17 Eurozone countries to seek help from other nations. Some believed that negative effects could spread further possibly forcing one or more countries into default. However, as of October 2012 the contagion risk for other eurozone countries has greatly diminished due to a successful fiscal consolidation and implementation of structural reforms in the countries being most at risk. None of the following countries is in danger of being cut off from financial markets. History One of the central concerns prior to the bailout was that the crisis could spread to several other countries after reducing confidence in other European economies. In July 2011 the UK Financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Credit Default Swaps
''Sovereign'' is a title which can be applied to the highest leader in various categories. The word is borrowed from Old French , which is ultimately derived from the Latin , meaning 'above'. The roles of a sovereign vary from monarch, ruler or head of state to head of municipal government or head of a chivalric order. As a result, the word ''sovereignty'' has more recently also come to mean independence or autonomy. Head of state The word ''sovereign'' is frequently used synonymously with monarch. There are numerous titles in a monarchical rule which can belong to the sovereign. The sovereign is the autonomous head of the state. Examples of the various titles in modern sovereign leaders are: Chivalric orders The term ''sovereign'' is generally used in place of "grand master" for the supreme head of various orders of European nations. In the Sovereign Military Order of Malta, the Grand Master is styled "Sovereign", e.g. Sovereign Grand Master, due to its status as an intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presseurop
Presseurop was a multilingualism, multilingual Paris-based web portal, news portal that translated and published Europe-related news articles daily from over two hundred sources into ten European languages, including English language, English. It was funded by the European Commission and was launched in 2009 by the French language, French newspaper ''Courrier International'', the Portuguese language, Portuguese newspaper ''Courrier Internacional'', the Polish language, Polish newspaper ''Forum'', and the Italian language, Italian newspaper ''Internazionale''. Its editor-in-chief was Eric Maurice. Presseurop's stated mission was "to present public discussion of a wide range of issues relating to the European Project and 'bring the European Union to life' through the prism of press coverage in the Member state of the European Union, 27 EU Member States". Presseurop ceased updates on 20 December 2013 when its funding from the European Commission ended. On 21 May 2014, Voxeurop started ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 French Legislative Election
Legislative elections took place on 10 and 17 June 2012 (and on other dates for small numbers of voters outside metropolitan France) to select the members of the 14th National Assembly of the Fifth Republic, a little over a month after the French presidential election run-off held on 6 May. All 577 single member seats in the assembly, including those representing overseas departments and territories and French residents overseas, were contested using a two-round system. Background Presidential election The elections came a month after the presidential election won by François Hollande of the Socialist Party. Since 2002, legislative elections immediately follow the presidential ones. This was designed to limit the possibility of a cohabitation, whereby the President and his or her Prime Minister, backed by a parliamentary majority, would be of opposite parties. The aim was also to give the new president and his government a "double mandate", the election of the President b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialist Party (France)
The Socialist Party (french: Parti socialiste , PS) is a French centre-left and social-democratic political party. It holds pro-European views. The PS was for decades the largest party of the "French Left" and used to be one of the two major political parties in the French Fifth Republic, along with The Republicans. It replaced the earlier French Section of the Workers' International in 1969 and is currently led by First Secretary Olivier Faure. The PS is a member of the Party of European Socialists, Progressive Alliance and Socialist International. The PS first won power in 1981, when its candidate François Mitterrand was elected president of France in the 1981 presidential election. Under Mitterrand, the party achieved a governing majority in the National Assembly from 1981 to 1986 and again from 1988 to 1993. PS leader Lionel Jospin lost his bid to succeed Mitterrand as president in the 1995 presidential election against Rally for the Republic leader Jacques Chirac, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austerity
Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unemployment in the short term. These reductions in employment usually occur di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Hollande
François Gérard Georges Nicolas Hollande (; born 12 August 1954) is a French politician who served as President of France from 2012 to 2017. He previously was First Secretary of the Socialist Party (PS) from 1997 to 2008, Mayor of Tulle from 2001 to 2008, and President of the General Council of Corrèze from 2008 to 2012. Hollande also served in the National Assembly twice for the 1st constituency of Corrèze from 1988 to 1993, and again from 1997 until 2012. Born in Rouen and raised in Neuilly-sur-Seine, Hollande began his political career as a special advisor to newly elected President François Mitterrand, before serving as a staffer for Max Gallo, the government's spokesman. He became a member of the National Assembly in 1988 and was elected First Secretary of the PS in 1997. Following the 2004 regional elections won by the PS, Hollande was cited as a potential presidential candidate, but he resigned as First Secretary and was immediately elected to replace Jean-Pier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 French Presidential Election
Presidential elections in France, Presidential elections were held in France on 22 April 2012 (or 21 April in some overseas departments and territories), with a second round Two-round system, run-off held on 6 May (or 5 May for those same territories) to elect the President of France (who is also ''ex officio'' one of the Co-Princes of Andorra, two joint heads of state of Andorra, a sovereign state). The incumbent Nicolas Sarkozy was running for a second five-year term for which he was eligible for under the Constitution of France. The first round ended with the selection of François Hollande and Nicolas Sarkozy as second round participants, as neither of them received a majority of votes cast in the first round. Hollande won the runoff with 51.64% of the vote to Sarkozy's 48.36%. The presidential elections were followed by 2012 French legislative election, legislative elections in June. Electoral system In overseas departments and territories of France located west of metropo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist Magazine
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Department Of State
The United States Department of State (DOS), or State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nations, its primary duties are advising the U.S. president on international relations, administering diplomatic missions, negotiating international treaties and agreements, and representing the United States at the United Nations conference. Established in 1789 as the first administrative arm of the U.S. executive branch, the State Department is considered among the most powerful and prestigious executive agencies. It is headed by the secretary of state, who reports directly to the U.S. president and is a member of the Cabinet. Analogous to a foreign minister, the secretary of state serves as the federal government's chief diplomat and representative abroad, and is the first Cabinet official in the order of precedence and in the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010–2011 Belgian Government Formation
Following the Belgian general election held on 13 June 2010, a process of cabinet formation started in Belgium. The election produced a very fragmented political landscape, with 11 parties elected to the Chamber of Representatives, none of which won more than 20% of the seats. The Flemish-Nationalist New Flemish Alliance (N-VA), the largest party in Flanders and the country as a whole, controlled 27 of 150 seats in the lower chamber. The Francophone Socialist Party (PS), the largest in Wallonia, controlled 26 seats. Cabinet negotiations continued for a long time. On 1 June 2011, Belgium matched the record for time taken to form a new democratic government after an election, at 353 days, held until then by Cambodia in 2003–2004. On 11 October 2011, the final agreement for institutional reform was presented to the media. A government coalition was named on 5 December 2011 and sworn in after a total of 541 days of negotiations and formation on 6 December 2011, and 589 days wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Community Of Belgium
In Belgium, the French Community (french: Communauté française; ) refers to one of the three constituent constitutional linguistic communities. Since 2011, the French Community has used the name Wallonia-Brussels Federation (french: Fédération Wallonie-Bruxelles), which is controversial because its name in the Belgian constitution has not changed and because it is seen as a political statement. The name "French Community" refers to Francophone Belgians, and ''not'' to French people residing in Belgium. As such, the French Community of Belgium is sometimes rendered in English as "the French-speaking Community of Belgium" for clarity, in analogy to the German-speaking Community of Belgium. The Community has its own parliament, government, and administration. Its official flag is identical to the Walloon Flag, which is also the official flag of the Walloons of Wallonia. Wallonia is home to 80% of all Francophone Belgians, with the remaining 20% residing in Brussels, which i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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