Hmmmm... How many Justins is that? $1.584Trillion!!!*
DTNNEWS
Eurozone Inflation at Zero
Fri Oct 30, 2015 06:22 AM CDT
FRANKFURT, Germany (AP) -- The eurozone's annual inflation rate was zero in October, a weak reading that could help push the European Central Bank to expand its stimulus program.
Inflation rose from minus 0.1 percent the month before, the European Union statistics agency Eurostat said Friday.
Falling energy prices were a major factor in keeping the rate low. But weak price increases are also a sign of less than robust demand in the economy.
Fears of continued low inflation could push the European Central Bank to extend its monthly purchases of bonds from banks using newly printed money. The bond purchases are slated to run at least through September 2016, but the ECB has indicated it could decide to expand that program or deploy a different form of stimulus at its December meeting.
The 1.1 trillion euro ($1.2 trillion) stimulus program in essence prints new money — something only the central bank can do — and pushes it into the financial system through banks in the hopes that they will lend more and help businesses expand and hire.
In theory, printing money should push up inflation, but price increases have been slow to respond. Even core inflation, which excludes volatile energy prices, rose to only 1.0 percent from 0.9 percent. Inflation remains well below the ECB's goal of just under 2 percent.
Low inflation makes it harder for indebted companies and countries to reduce their burdens. It also complicates efforts by bailed-out members of the eurozone such as Greece to make their economies more competitive with European trade partners. And in the long term, it can become ingrained and undermine wages, investment and growth.
Eurostat also said that unemployment in the 19 countries that share the euro as their currency fell to 10.8 percent in September from 10.9 percent the month before."
Perhaps in $CDN! That Euro would be $1.44... x $1.1euro...=...hmmmmm $1.584Trillion Justins! See what you can bring back from the Climate Change Catastrophic Charade Central Committee Conference!
We will call it the C7 Meeting for now!
Hmmmmm....
Let me see... that is not nearly enough.... Considering...
"NEWS
UN:Global Emissions Pledges Not Enough
Fri Oct 30, 2015 06:19 AM CDT
BERLIN (AP) -- The U.N.'s top climate official says emissions-cutting pledges made by governments ahead of a December conference are a good step toward achieving an international global-warming goal, but they aren't yet enough.
Christiana Figueres made clear Friday that plans submitted by 146 countries for the climate conference in Paris won't be the last word. She says "many countries have been healthily conservative in what they have put on the table" and "do not want to expose themselves prematurely."
The international goal is to keep global temperatures from increasing more than 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century. Friday's U.N. report directly assessed only the plans' shorter-term impact, but Figueres cited an International Energy Agency assessment that they could keep the temperature rise to 2.7 degrees.
(KA"
""1 Euro equals
1.44 Canadian Dollar"
https://www.google.ca/#q=euro to cad
DTNNEWS
Eurozone Inflation at Zero
Fri Oct 30, 2015 06:22 AM CDT
FRANKFURT, Germany (AP) -- The eurozone's annual inflation rate was zero in October, a weak reading that could help push the European Central Bank to expand its stimulus program.
Inflation rose from minus 0.1 percent the month before, the European Union statistics agency Eurostat said Friday.
Falling energy prices were a major factor in keeping the rate low. But weak price increases are also a sign of less than robust demand in the economy.
Fears of continued low inflation could push the European Central Bank to extend its monthly purchases of bonds from banks using newly printed money. The bond purchases are slated to run at least through September 2016, but the ECB has indicated it could decide to expand that program or deploy a different form of stimulus at its December meeting.
The 1.1 trillion euro ($1.2 trillion) stimulus program in essence prints new money — something only the central bank can do — and pushes it into the financial system through banks in the hopes that they will lend more and help businesses expand and hire.
In theory, printing money should push up inflation, but price increases have been slow to respond. Even core inflation, which excludes volatile energy prices, rose to only 1.0 percent from 0.9 percent. Inflation remains well below the ECB's goal of just under 2 percent.
Low inflation makes it harder for indebted companies and countries to reduce their burdens. It also complicates efforts by bailed-out members of the eurozone such as Greece to make their economies more competitive with European trade partners. And in the long term, it can become ingrained and undermine wages, investment and growth.
Eurostat also said that unemployment in the 19 countries that share the euro as their currency fell to 10.8 percent in September from 10.9 percent the month before."
Perhaps in $CDN! That Euro would be $1.44... x $1.1euro...=...hmmmmm $1.584Trillion Justins! See what you can bring back from the Climate Change Catastrophic Charade Central Committee Conference!
We will call it the C7 Meeting for now!
Hmmmmm....
Let me see... that is not nearly enough.... Considering...
"NEWS
UN:Global Emissions Pledges Not Enough
Fri Oct 30, 2015 06:19 AM CDT
BERLIN (AP) -- The U.N.'s top climate official says emissions-cutting pledges made by governments ahead of a December conference are a good step toward achieving an international global-warming goal, but they aren't yet enough.
Christiana Figueres made clear Friday that plans submitted by 146 countries for the climate conference in Paris won't be the last word. She says "many countries have been healthily conservative in what they have put on the table" and "do not want to expose themselves prematurely."
The international goal is to keep global temperatures from increasing more than 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century. Friday's U.N. report directly assessed only the plans' shorter-term impact, but Figueres cited an International Energy Agency assessment that they could keep the temperature rise to 2.7 degrees.
(KA"
""1 Euro equals
1.44 Canadian Dollar"
https://www.google.ca/#q=euro to cad
Comment