Spain including prostitution and drug trafficking

Spain including prostitution and drug trafficking in the calculation of GDP

Starting this Thursday,
Spain included in the calculation of GDP
and income from illegal activities – namely, prostitution and drug trafficking.

Thus, speaking
the language of the nominal GDP, prostitution
and drugs will be equal to this
sectors such as education, creative
activity, energy, or
telecommunications.

according to
the first assessment carried out by the National
Institute of Statistics (INE), Eurostat,
European statistical agency
Union, through this experiment,
Spanish GDP could increase by 2.7%
4.5%, i.e. in the amount of from 27 to 45 milliardov
Euro.

Some experts believe
that this initiative will increase the
national wealth by 3%. Education in Spain
is 3.03% of GDP, supply
electricity – 3.7%, oil industry
– 2.6%, agriculture – 2.4%, the
Portal «Bolsamania».

at startup
prostitution and drug trafficking in
economy, Spain will join the
Estonia, Austria, Slovenia, Finland,
Sweden and Norway – countries that
already taxing these activities.

However, if the inclusion of the theory
official statistics so-called
‘Shadow economy’ can play
positive role for the European
countries, some analysts warn
that the initiative will not improve the overall situation.

"Is not
solution to the economic downturn in Europe.
If people are forced to work illegally, it makes no sense to talk about healthy
economic recovery"
, He warned
Athanasios Vamvakidis this summer, the main
a currency strategist at Bank of America Merrill
Lynch in Europe, CNBC reported.

Translated from Spanish: Alice_F

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    ECB published results of stress tests

    The ECB published the results of stress tests

    Yesterday
    The ECB published the results of stress tests
    130 of the largest banks in the euro zone. AT
    “Black list” hit 25 creditors,
    who have demonstrated a lack of
    vnutrenni financial reserves to
    in case of economic crisis. Them
    it is recommended to increase its reserves.
    However, 12 of the 25 banks that failed
    check already remedy the lack of
    (Checking lasted clearly not one day,
    so it was time for banks).

    AT
    the list of banks that have not undergone testing,
    included banks mainly from the southern regions.
    Thus, it Italian 4, 2 Slovenian 2
    Greek banks, one from Ireland,
    Portugal, Cyprus and Austria. The largest
    lack of capital – the Italian Monte
    dei Paschi di Siena. He lacks 2110000000
    Euro. The lion’s share of other defendants
    list have a deficit of less than 1 billion euros.

    In
    the regular ECB stress tests
    it becomes clear how the bank will
    to respond to a variety of possible
    shocks. Check on Creditors
    the flight of investors from the market, minimize
    financial reforms, the deterioration of the bank
    balance sheets and even a number of other stressful
    situations.

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    Largest market in world has fallen and you did

    The largest market in the world has fallen, and you did not even notice!

    If
    would the animals were shares – the market is now
    I would have failed. The diagram below,
    shows the change in the index, which
    It monitors the global population
    animals in the long term –
    by analogy, for example, the index S P
    500. Global Life Index Planets
    which released an updated release
    this week, the World Wildlife Fund
    (WWF), to monitor the size
    3038 species of reptiles, birds, mammals,
    amphibians and fish.

    To tell,
    Life shows that the index is low
    the results mean much to downplay
    scale of the tragedy. More than half of the species
    vertebrates lost planet
    between 1970 and 2010 (in the
    same period almost doubled
    the world’s population). Diagram
    begins with the level at which
    was the diversity of vertebrate species in
    1970.

    Largest market in world has fallen and you did

    Global
    index shows a decrease of 52% between
    1970 and 2010. Trends were built on
    10380 populations of 3038 vertebrate species
    animals. The white line shows the value
    index and shaded areas –
    95% -s’ confidence limits. On the y-axis of the unit adopted the level in 1970. A source:
    WWF, 2014.

    Of
    This chart is becoming more
    I understood, and its construction is more familiar
    financial analysts than defenders
    environment. Post research
    group has no relation to the minimal
    economy than to the environment: not only
    that animal populations are
    a valuable natural system, so more
    and in many cases they are
    sell products (e.g.,
    free-living fish).

    “Less,
    than two human generations
    the number of vertebrate animals
    halfway down “, – says CEO
    WWF Director Marco Lambertini.
    – “We ignore this fact, but it has
    great danger to ourselves! “.

    Today
    people receive from natural resources
    more than the Earth can provide
    – most recently, just two months
    ago, humanity crossed the line
    consumption, which replenishment
    energy, resource and food
    base naturally no longer possible
    – resources market has crashed! The corresponding diagram is – below.

    Largest market in world has fallen and you did

    This diagram is called "Humanity consumes more than the Earth can provide". The abscissa years. The vertical axis – the number of the planet Earth, which is required to ensure a painless consumption. Green Zone – a natural "chelovekoemkost" Earth. Red line – consumption (or anthropogenic load). Source: WWF, 2014.

    that
    meet the modern requirements,
    which mankind makes today
    natural resources, we need more than one Land,
    and approximately one and a half. And that is not all:
    if all people in the world would be the same
    lifestyle, like a typical American,
    ensure that all needs could
    not less than 3.9 of our planet.

    On
    Last week, many referred to the
    alarms received from Barack
    Obama on climate change. TO
    Unfortunately, according to WWF reports
    climate change effects only
    even begin to be felt. A loss
    the past four decades are explained
    very different reasons.

    So,
    drivers extinction of wildlife: 37%
    provides operation (e.g.,
    overfishing, “overfished”)
    31% reduction in species diversity
    “Satisfied” habitat degradation,
    and home to 13% of species had been destroyed as a
    fact. Global warming is responsible
    in only 7.1% of the current reduction
    species biodiversity, and especially
    all this species sensitive to climate
    (E.g., tropical amphibians).
    Hardest hit biodiversity
    in Latin America – and no wonder, when
    present a pace of destruction of tropical
    jungle.

    For
    sustainable socio-economic
    of people do not develop
    production and produce more oil.
    It is necessary to pay more attention to resources,
    otherwise our descendants will simply
    nowhere to live. And now, today
    life on earth – is, unfortunately, not
    “Bull” market.

    Tom Randall, environmental columnist, columnist for Bloomberg. Translation – MilkySun.

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    MPs want to limit purchase of foreign currency

    MPs want to limit the purchase of foreign currency to individuals – a maximum of $ 500 per month

    Today, on the part of
    party “Communist Russia” in address
    Bank of Russia has received treatment in
    which MPs propose to introduce
    on the purchase of foreign currency physical limitations
    persons to stabilize the exchange rate.
    About this newspaper "News".

    party Chairman
    "Russian Communists" Maxim Suraykin
    Requests the head of Tsentrobanka Elviru
    Nabiullina consider introducing in Russia
    restrictions for individuals to buy
    foreign currency. In his opinion,
    excitement and increased demand for foreign currency
    threaten the economic security
    and stability of the economy, as well as
    may become one of the main reasons
    Ruble fall.

    Suraykin offers
    limit the purchase of foreign currency physical
    face amount of $ 500 per month, or the equivalent
    of this amount in other currencies. but
    separately, he wants to put those citizens
    who have foreign currency liabilities –
    tuition or medical treatment abroad,
    or the payment of foreign currency loan. For them
    the limit will be the sum of the amount of foreign currency
    liabilities, plus $ 500 per month.

    The central bank has promised
    consider a proposal for 30
    days.

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    Russian grain will exchange on Iranian oil

    Russian grain will exchange on Iranian oil

    Today the head
    Economic Development Minister Aleksey Ulyukaev
    said that in the near future Russia
    will supply grain and manufactured goods
    to Iran in exchange for oil.

    "This issue was raised.
    In this direction, we work here
    There are many technical issues,
    associated with the list of goods. each
    country has their own idea,
    associated with logistics, shipping,
    insurance, etc. We hope that
    close time can be completed ".
    – he said.

    In addition to the grain is planned
    export “a list of products.”
    When will such an exchange, while also
    unknown.

    Earlier in the news already
    it was reported that Russia increased its purchases
    oil from Venezuela. "Rosneft"
    buying foreign oil to
    supply the German plants, and
    oil – for sale in the territory
    Germany. Purchase of oil from abroad
    Germany is more expensive than in Russia.

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    Of MSCI Emerging Markets index perhaps stricken

    Of the MSCI Emerging Markets index, perhaps stricken Russia

    Today MSCI
    circulated that the message
    economic news from Russia can
    cause exclusion from the country
    the composite index of emerging markets.

    In order to
    it happened, the Russian authorities
    will be enough to enter the control
    movement of capital and operations in
    currency, violating the criterion of freedom of inflow
    and capital outflows. If this freedom
    No – the country can not by definition
    included in the list of emerging markets.

    In this case
    classification MSCI Russia
    It will be referred to as Standalone
    Market, which does not belong to any
    existing group.

    final
    decision will be made based on the results
    extensive consultation with investors.

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    January inflation in Russia sharing it with new

    January inflation in Russia sharing it with the new Central Bank rate

    CPI
    prices in Russia increased in January
    3.9% – on a monthly basis and by 15% – in
    annualized. This was last night said
    Rosstat. Analysts had forecast growth
    potrebtsen index in January only
    2.2% (13.3% – on an annualized basis).

    Thus, surprise
    as inflation equation
    and updated the key rate of the Central Bank was a success,
    writes today Reuters. occurs
    question – whether the central bank is too early
    I lowered the rate?

    The head of the central bank
    Elvira Nabiullina said that
    acceleration of inflation to peak should
    only occur in the second quarter,
    assuming that for some time the key
    rate may be lower than the actual
    inflation: "Even if inflation
    above 15%, then, in our opinion, it will be on
    short period. And the rate of 15% for this
    period is normal. I remind you that when
    we had a rate of 5.5 percent, it
    while inflation was lower.
    The rate may at some point become
    below inflation", – said Nabiullina.

    Inflation 15%, e.g.
    very surprised Vladimir Osakovsky
    from Bank of America Merrill Lynch, as Reuters writes.
    "Very interesting data, inflation
    at the level of rates, which is very risky,
    in terms of what it creates preconditions
    for policy tightening. But given
    Nabiullina words, the big question – how
    long they are willing to admit it"-
    he said.

    Central Bank of Russia reduced
    its key interest rate from 17% to 15%, explaining that
    the fact that the risks are very strong cooling
    economy prevail over inflationary
    risks.

    Analysts at Capital
    Economics expect the peak of inflation in the second quarter
    at the level of 17.5%: "While oil prices
    Ruble frozen and remains stable
    a further increase in inflation can not
    prevent the Central Bank to reduce
    interest rates on"- says
    Liza Ermolenko of Capital Economics.

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