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Archive for the ‘OECD’ Category

May 22, 2012

Euro-area officials need to do more to show Greece that there is an alternative to giving up the single currency, Organization for Economic Cooperation and Development Secretary General Jose Angel Gurria said.

“We cannot do anything about what the Greek voters decide, but I don’t think we’ve been strong enough and clear enough in terms of demonstrating that there is an alternative,” Gurria told reporters today in Paris. “Are we offering the necessary safety net and therefore a way not out of the euro but out of the crisis? I think we can do better.”

European leaders gather tomorrow in Brussels to seek ways to stem a sovereign debt crisis that is now in its third year as Greek voters prepare to go to the polls again next month following an inconclusive election on May 6. The euro has dropped more than 3 percent against the dollar this month on concern that Greece may opt to leave the 17-nation region.

Gurria said that the European Central Bank in particular would reap gains by showing more firepower now rather than waiting to use it until after a “hypothetical” Greek exit.

As to concern about “encouraging people to misbehave” by offering more support, “frankly, we’ve gone way beyond that,” he said. “You need to make the markets understand that you are going to do whatever it takes to maintain this stability. Europe has the capacity, it has the wealth. Europe is going to emerge stronger from this, but in the meantime it’s got to face the music.”

from:  http://www.businessweek.com/news/2012-05-22/europe-must-do-more-to-show-alternative-to-greek-exit-oecd-says

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José Ángel Gurría was born on May 8th, 1950 according to http://en.wikipedia.org/wiki/Jos%C3%A9_%C3%81ngel_Gurr%C3%ADa

May 8th, 1950

5 + 8 +1+9+5+0 = 28 = his life lesson = Vulnerabilities.

Two of Wands Tarot card

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May 8th, 1950

May 8th

5 + 8 +2+0+1+2 = 18 = his personal year (from May 8th, 2012 to May 7th, 2013) = Surreal.  This is crazy.

The Moon Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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Sex Numerology available at:

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May 22, 2012         11:09 AM ET

Europe’s sovereign debt crisis risks derailing the global economic recovery, the Organization for Economic Cooperation and Development warned Tuesday.

The OECD issued the warning as it also cut its economic outlook for the eurozone this year. It now forecasts a decline of 0.1% in the 17-nation block that uses the common currency; it previously had expected growth of 0.2%. It also cut its forecast for 2013 growth, to 0.9% from 1.4%.

The OECD was particularly concerned that problems with sovereign debt in Europe have become a significant threat to growth around the world.

“The crisis in the eurozone remains the single biggest downside risk facing the global outlook,” said Pier Carlo Padoan, chief economist for the OECD.

The global economic recovery remains fragile and extremely uneven across different regions, according to the OECD, a multinational research body.

Growth in emerging economies, which have been the engine of the global recovery, has slowed, the OECD said, while growth in more developed economies is likely to remain modest.

Overall growth for the developed economies that make up the OECD is now forecast at only 1.6%, down from the 1.8% forecast in 2011.

The eurozone didn’t grow at all in the first quarter, as both it and the broader 27-nation European Union teetered on the edge of recession. Eleven European nations have already suffered declines in their gross domestic product for two or more consecutive quarters, the common definition of a recession.

The outlook was brighter for the U.S. The OECD forecast 2.4% growth for 2012, up from the 2.0% it forecast last fall. The U.S. achieved 1.7% growth last year.

from:  http://money.cnn.com/2012/05/22/news/economy/oecd-europe/index.htm

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Pier Carlo Padoan

7959 31936 714615            76

 

his path of destiny = 76 = Efficiency.  Get ‘er done.

Eight of Pentacles Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

—————————————————————–

—————————————————————–

——————————————————————

discover some of your own numerology for FREE at:

http://numerologybasics.com/

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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undefined

Sex Numerology available at:

https://www.createspace.com/3802937

Read Full Post »