EU Raises 2010 GDP Forecast as Deficits, Jobless Soar

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This Guide is a must-read for any practitioner involved in international insolvency issues. The authors address the history of the UNCITRAL Model Law on Cross-border Insolvency, which the United Nations Commission on International Trade Law adopted in 1997 after five years of meetings and discussion. Thirteen states have now adopted this law, which includes the United States' adoption of chapter 15 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. For those involved in the evolving new world of chapter 15 law, this publication provides the necessary overview to understanding the law in practice. Softbound, 92 pages. Order your copy from ABI, today!

European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Second Edition

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EU Raises 2010 GDP Forecast as Deficits, Jobless Soar

Submitted by editor on Tue, 11/03/2009 - 10:25

The euro-area economy will return to growth next year, the European Commission said, raising its forecasts even as budget deficits and unemployment swell to the highest levels since at least 1995, Bloomberg reported. European companies from STMicroelectronics NV to Pernod Ricard SA cited signs of recovery as they reported earnings in the past month, suggesting that record-low interest rates and emergency stimulus measures are feeding into the broader economy. At the same time, the European Central Bank is warning that it is time for governments to start shoring up budgets or face the risk of higher rates when the stimulus is removed. The global economy is emerging from the worst recession in six decades, led by China, where data showed yesterday that the manufacturing industry expanded at the fastest pace in 18 months in October. Global stocks have soared on expectations of recovery. The MSCI World Index has risen almost 60 percent since March. Read more.

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EU Raises 2010 GDP Forecast as Deficits, Jobless Soar

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