Energy costs drive inflation across Europe
Article Abstract:
Electricity and natural gas prices are rising across Europe and are expected to climb higher before the winter is over. Energy prices for customers in the UK will rise from 7.9% to 15%, while in the 13 continental nations that share the euro, prices have risen 9.2% to December 2007. This has put pressure on the European Central Bank, as it maintains interest rates at 4% despite inflation persisting at over 3%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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U.K.'s fast action over beef takes lesson from 2001
Article Abstract:
The U.K. government launched a ban on all red-meat exports from Britain following the detection of foot-and-mouth disease on a Surrey farm, which was followed by a ban by the European Union on imports of British meat and dairy products and live animals. The actions were prompted by an outbreak in 2001, which cost the industry $16 bil and forced the destruction of more than 4 mil animals.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Euro-zone output data soothe currency concerns
Article Abstract:
France, Germany, and Italy turned in strong industrial productivity data for August 2007, indicating that Europe is weathering the strong euro and higher interest rates. Productivity in France rose 0.3% despite a forecasted drop of 0.3%. Italy's output rose 1.3%, while Germany's rose 1.7%, both of which also surpassed forecasts.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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