Member States

News Economics by USD dollar yields to the euro and pound yesterday, the dollar fell against most currencies, since the progress of the various stock markets, and the results concerning the American labor market that exceeded expectations, undoubtedly affected the demand for the dollar as a haven currency. Yesterday the dollar lost ground against the euro and reached the 1.3320. On the other hand, against the pound you behaved in a similar way reaching the 1.5123. In April the American companies, apparently, decreased speed reduction of jobs, so it is hinted that the worst of the recession may already have happened. Last month payroll of workers fell to 491,000, figure that was below official estimates and is the lowest since October. On the other hand, the stabilization in consumption, after the crisis already generates expectations that the financial crisis could be completed in the middle of this year. Today will be published relevant data both in the United States and in the Euro area.

It is estimated that their currencies will suffer great volatility, while awaiting data from the American labor sector and especially monetary policy which will announce both the BcI and the ECB. EUR European rates cuts yesterday the euro advanced against the dollar, but gains were limited, above all, because it is estimated that the ECB reduced rates of interest of reference in a quarter point, taking them to 1.00%. In addition, it is estimated that the ECB might announce unconventional measures to stimulate growth in the region. The euro advanced against the dollar and closed at 1.3320. Recall that last month the ECB carried rates of interest at 1.25%, in an attempt to stabilize the economy of the region. Now, the Euro zone suffers from forcefully recessive threat, a deflationary situation, and a government deficit on the rise. As a result, it is estimated that the ECB will reduce interest rates during the day today, and also possibly several Member States announce in the short term new plans for economic stimulus.

Great Business

The big business of health in USA 10 September 2009 from the ridiculous idea that we want to impose death courts (responsible for deciding who can and who can not be treated), the false idea that this reform is intended to give health insurance to illegal immigrants, and to the notion more vast of a Government on the health system controlObama by listing false versions about his project of reform of the health system. For both U.S. citizens and to the Government, the reform in the health care system is not one minor issue and is why are are living days of intense debates where President Barack Obama struggles with all his strength to make his project approved by the Congress. So far, USA.UU. does not have a system of universal coverage, so citizens must ensure medical coverage that many get through their employers while others subscribe to private health insurance.

Obama put a lot at stake with the reform of the health system and though since some sectors are consider that it is a risk that should not be taken, the importance of health in American GDP and fiscal consequences merit the risk. Educate yourself even more with thoughts from Carl Jung. The President knows that the health system will become increasingly unsustainable in the future. To read more click here: Anu Saad. According to a report of the year 2006 of the United Nations program for development, Americans spend on health around 15% of GDP. Popular resistance to reform is strong by habitual distrust that the United States has half that involves government interference. Although still has not submitted the comprehensive project, the first U.S. President has given to meet certain guidelines of the same as in principle which raises is to give the option to Americans go to insurance offered by the State that competes with private insurers. The speech yesterday Barack Obama compared the U.S. Congress was described by many as transcendental.