Embracing wind power in Morocco | Global Ideas

Published on Sep 13, 2012 by deutschewelleenglish

With its plentiful sunshine and frequent winds, Morocco boasts ideal conditions for a flourishing renewable energy industry -- as illustrated by the success of a wind park in Tangier that is still growing.

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Fed ready for more stimulus?

Published on Sep 12, 2012 by Euronews

http://www.euronews.com/ The financial markets are betting that the Federal Reserve is about to take action to stimulate the lacklustre US economy.

A growing number of economists believe Fed Chairman Ben Bernanke and his fellow policymakers will decide at their current meeting to go for a third round of purchases of US government bonds.

By printing money to buy bonds, the US central bank would lower borrowing costs and spur a stronger economy.

Reuters asked 51 economists for their views. Of those who put the chances of quantitative easing, or QE3, at greater than 50 percent, 39 expected the Fed to act this week.

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France backs Greek austerity delay - at a price

Published on Sep 13, 2012 by Euronews

http://www.euronews.com/ Greece must deliver on its reform promises. That was the message from French Finance Minister Pierre Moscovici who was in Athens on Thursday to meet Prime Minister Antonis Samaras and key members of his cabinet.

France has said it will back Greece's request for an extra two years to reduce its public deficit, but in return needs to see action not just words.

At the same time the International Monetary Fund said there are good arguments for granting that delay.

The question of whether Greece will need a third bailout package from the eurozone has also in play.

And the man who represents Greece at the IMF said it will. In an interview with the Wall Street Journal Thanos Catsambas said Greece's European creditors will have to find the money for that.

The Greek finance minister and an IMF spokesman said right now they are focused only the spending cuts needed to conclude the second bailout.

But more austerity measures risk pushing Greece into an even steeper spiral of economic decline.

The scale of the problem is illustrated by the latest Greek unemployment figures. As the economy slows the jobless rate jumped to 23.6 percent of the workforce in the second quarter of this year, up from 22.6 percent in the first quarter.

The young are suffering worst. For under 24-year-olds the unemployment rate was 53.9 percent.

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