Posts Tagged “europe”
Recent numbers reported that Euro zone employment levels are once again rising which in turn is adding further hope that EU recovery is well underway. Figures released by the EU statistics office show that the 18 countries in the Eurozone reported a marginal increase of 0.1 percent quarter on quarter in the 3 months to March which is also a growth rate of 0.2% up for the year.
Within Germany specifically , the euro zone employment numbers demonstrated a slightly larger increase of 0.3 percent on the quarter and 0.8 percent on the year.
Other countries however such as Portugal are unfortunatley still showing negative trends in terms of the labour markets.
Troubled Greece as also slowed its annual fall to 0.5 percent from 2.6 percent in the last quarter of 2013 which again is giving some additional signs of condifence that the worst may well be behind them.
Amid the good news and talk of recovery the other side is that there are still some 18 million people in the region who are without employment- a figure that governments are working what seems like tirelessly to reduce.
Separately, data showed that net trade made a positive contribution to growth in April as the trade surplus increased to 15.7 billion euros ($21.38 billion), from 14.0 billion in the same period of 2013.
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Auditing firm Grant Thornton interviewed a large number of chief executives, managing directors, chairmen and other senior executives of listed and private businesses to get their views on the euro.
Over 90% of the 3,100 interviewed wanted the single currency to remain in operation with three in four stating that being in the euro had benefited their company. The senior company executives in the European Union still strongly support the single currency.
Companies in France and Germany were less optimistic on the prospect of further integration between member states compared with this time last year. In Germany, 55% of companies are now open to further economic integration, down 20% from this time last year. In France, support has dropped 12% to 57%.
France and Germany have usually been the driving forces behind the EU project and together they account for nearly half of the Eurozone GDP but now they are now united in further integration to Europe.
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