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Great Recession In Europe
The European recession is part of the Great Recession that began in mid-2007. The crisis spread rapidly and affected much of the region, with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Ireland was the first country to fall into recession from Q2-Q3 2007 – followed by temporary growth in Q4 2007 – and then a two-year-long recession. Eurozone The Eurozone recession has been dated from the first quarter of 2008 to the second quarter of 2009. In the eurozone as a whole, industrial production fell 1.9% in May 2008, the sharpest one-month decline for the region since the Black Wednesday exchange rate crisis in 1992. European car sales fell 7.8% in May compared with a year earlier. Retail sales fell by 0.6% in June from the May level and by 3.1% from June in the previous year. Germany was the only country out of the four biggest economies in the eurozone to register ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions” United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Popular Español
Banco Popular Español, S.A. () was the sixth largest banking group in Spain before it was bought by Banco Santander as part of a rescue package in June 2017. Components The group consisted of the following companies: * national bank: Banco Popular Español * regional bank: Banco Pastor * mortgage bank: Banco Popular Hipotecario * private bank: Popular Banca Privada * French subsidiary: Banco Popular France (sold to Crédit Mutuel in 2008) * Portuguese subsidiary: Banco Popular Portugal * USA subsidiary: TotalBank (now part of City National Bank of Florida) * Internet bank: WiZink * estate services subsidiary: Aliseda The bank had international offices in Belgium, Chile, Germany, Hong Kong, Morocco, the Netherlands, Switzerland (Geneva and Zürich), London, the United States, France, Italy, and Venezuela. History Banco Popular Español (BPE) was founded in 1926. In 1968, BPE opened a representative office in Paris that became a subsidiary that by 1991 had a network o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German retired politician who served as Chancellor of Germany from 2005 to 2021. She is the only woman to have held the office. She was Leader of the Opposition from 2002 to 2005 and Leader of the Christian Democratic Union (CDU) from 2000 to 2018. Merkel was born in Hamburg in West Germany. Her family moved to East Germany when she was an infant. Merkel obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. She then entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically elected government of East Germany, led by Lothar de Maizière. Following German reunification in 1990, Merkel was elected to the Bundestag for the state of Mecklenburg-Vorpommern. As the protégée of Chancellor Helmut Kohl, Merkel was appointed as Minister for Women and Youth in 1991, later becoming Minister for the Environment, Nature Conserv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Germany
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but it is among the world's top 4 since 1960. In 2025, the country accounted for 23.7% of the Euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the eurozone. Germany is the third-largest exporter globally with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus worth $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output. The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Purchasing Managers' Index
Purchasing managers' indexes (PMI) are economic indicators derived from monthly surveys of private sector companies. The three principal producers of PMIs are S&P Global (from 2022 merger with IHS Markit), which produces PMIs for over 30 countries worldwide and developed the first service sector PMIs, and the Institute for Supply Management (ISM), which originated the manufacturing surveys produced for the United States. Other producers include the Singapore Institute of Purchasing and Materials Management (SIPMM), which produces the Singapore PMI, Swedbank in Sweden, NBS in mainland China, and Credit Suisse in Switzerland. An official global PMI is produced by S&P Global in association with J.P.Morgan, the ISM and IFPSM, which also includes detailed sector survey results. Regional headline indicators and detailed sector data are also compiled by S&P Global. The purchasing managers' index (PMI) surveys are compiled on a monthly basis by polling businesses which represent t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment In Spain
Unemployment rates in Spain vary across different regions of the country, but they tend to be higher when compared to other Western European countries. As of January 2025, the unemployment rate is at 10.4% of the labor force. Introduction Spain has the highest unemployment rates among EU and OECD countries. As of January 2025, the unemployment rate stands at 11.36% of the labor force. There has been an upward trend since the 1990s which has persisted and has deep historical roots. Causes Spain suffers a high level of structural unemployment. Unemployment began rising in Francoist Spain during the 1970s. During the Francoist Spain, trade union activism was prohibited and social security benefits of the modern welfare state were lacking. In 1972, 2.7 million jobs in agriculture were replaced by 1.1 million jobs in the public sector, further increasing unemployment. Since the economic and financial crisis of the 1980s, unemployment has never dipped below 8%. One leading cause ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBVA
Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, and is present mainly in Spain, Portugal, Mexico, South America, Turkey, Italy and Romania. The bank was founded as Banco de Bilbao, on 28 May 1857, in Bilbao. BBVA's operational headquarters are located in Madrid, in the Ciudad BBVA complex. It is Spain's second-largest bank after Banco Santander. It is listed on the Madrid Stock Exchange, the New York Stock Exchange and on the Mexican Stock Exchange. It is also a part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. As of 31 December 2024, BBVA's assets amounted to around €772 billion, making it the second-largest Spanish financial institution by volume of assets. At that same date, it had 5,949 offices, 125,916 employees and 77.2 million customers, and was present in more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Economy
The economy of Spain is a highly developed social market economy. It is the world's 12th largest by nominal GDP and the sixth-largest in Europe (fifth excluding Russia). Spain is a member of the European Union and the eurozone, as well as the OECD, Organization for Economic Co-operation and Development and the World Trade Organization. In 2023, Spain was the List of countries by exports, 18th-largest Export, exporter in the world. Meanwhile, in 2022, Spain was the List of countries by imports, 15th-largest Import, importer in the world. Spain is listed List of countries by Human Development Index, 27th in the United Nations Human Development Index and List of countries by GDP (nominal) per capita, 29th in GDP per capita by the International Monetary Fund. Some main areas of economic activity are the automotive industry, medical device, medical technology, chemicals, shipbuilding, tourism and the clothing, textile industry. Among OECD members, Spain has a highly efficient and st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Spain
The Bank of Spain (, ) is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banking Supervision. It was originally established by Charles III in Madrid in 1782, as the ''Banco Nacional de San Carlos'', and took its current name in 1856. Its activity is regulated by the Bank of Spain Autonomy Act. The bank doesn't translate its name to English but uses its Spanish name in all English communications. The Bank of Spain holds 9.1 million troy ounces of gold (around 283 tons) (2019), which are stored in its own vaults and in various institutions in London and New York. According to IMF data, Spain ranks 20th among the 40 largest gold reserves in the world (as of July 2015). In January 2021, the snowstorm "Filomena" caused the clock at the Bank of Spain to freeze for the first time in 130 years. This occurred at 11:35 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euribor
The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (before only in the interbank market). Prior to 2015, the rate was published by the European Banking Federation. Scope Euribors are used as a reference rate for euro-denominated forward rate agreements, short-term interest rate futures contracts and interest rate swaps, in very much the same way as LIBORs are commonly used for Sterling and US dollar-denominated instruments. They thus provide the basis for some of the world's most liquid and active interest rate markets. Domestic reference rates, like Paris's PIBOR, Frankfurt's FIBOR, and Helsinki's Helibor merged into Euribor on EMU day on 1 January 1999. Euribor should be distinguished from the less commonly used "Euro LIBOR" rates set in London by 16 major banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jose Luis Zapatero
Jose is the English transliteration of the Hebrew and Aramaic name ''Yose'', which is etymologically linked to ''Yosef'' or Joseph. Given name Mishnaic and Talmudic periods * Jose ben Abin *Jose ben Akabya *Jose the Galilean *Jose ben Halafta * Jose ben Jochanan *Jose ben Joezer of Zeredah * Jose ben Saul Male *Jose (actor), Indian actor * Jose Balagtas, Filipino film director *Jose Baxter (born 1992), English footballer *Jose Davis (born 1978), American football player *Jose Glover (died 1638), English minister and pioneer of the printing press in the New World *Jose Kattukkaran (born 1950), Indian politician *Jose Kurushinkal, Indian cricket umpire *Jose Kusugak (1950–2011), Inuk politician *Jose Lambert (born 1941), Belgian professor * Jose K. Mani (born 1965), Indian politician *Jose Mugrabi (born 1939), Israeli businessman *Jose Nandhikkara (born 1964), Indian author *Jose Pellissery (1950–2004), Indian film actor *Jose Chacko Periappuram (born 1958), Indian surgeon *J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
