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| - | The International Monetary Fund (IMF) and what is now known as the World Bank, were set up to manage the post-World War II global economy.
| + | Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures. |
| | | | |
| - | They were conceived in 1944 at a conference in Bretton Woods, in the US state of New Hampshire.
| + | Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction. |
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| - | By fostering economic cooperation and helping countries with balance of payments problems the founders hoped to avoid a repeat of the 1930s Great Depression.
| + | Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter. |
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| - | The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world.
| + | But in France there was surprise growth of 0.2% at the end of last year, attributed to healthy export growth. |
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| - | The World Bank's predecessor - the International Bank for Reconstruction and Development - was set up to drive post-war recovery.
| + | Overall the 17 nations that make up the eurozone saw economic activity shrink 0.3% in the fourth quarter. By comparison the United States reported growth of 0.7%. |
| | + | Continue reading the main story |
| | + | �Start Quote |
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| - | Now, it is the world's leading development organisation, working for growth and poverty reduction.
| + | Greece may be burning. Growth may be slowing. But the recognised German barometer of hope over fear shows far more Germans looking on the bright side than those down in the dumps� |
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| - | Owned by the governments of its 187 member states, the Bank channels loans and grants and advises low and middle-income countries.
| + | End Quote |
| | + | image of Stephen Evans Stephen Evans BBC News, Berlin |
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| - | The IMF is funded by a charge - known as a "quota" - paid by member nations. The quota is based on a country's wealth and it determines voting power within the organisation; those making higher contributions have greater voting rights.
| + | * Germany: Reasons to be cheerful |
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| - | The IMF acts as a lender of last resort, disbursing its foreign exchange reserves for short periods to any member in difficulties. | + | The eurozone has not slipped into recession as it reported growth of 0.1% in the third quarter. |
| | + | 'Better than feared' |
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| - | Since they were conceived, the IMF has been run by a European and the World Bank by a US national.
| + | For 2011 as a whole, the French economy grew by 1.7% and Germany 3%. |
| | | | |
| - | The IMF and the Bank have served as a rallying point for disparate causes - from environmentalists to anarchists - and meetings have occasionally been accompanied by violent street protests.
| + | Europe's debt crisis has already pushed Greece, Portugal and Belgium into recession, defined by two consecutive quarters of contraction. |
| | | | |
| - | Protesters and critics cite the exploitation of the poor and the environment and argue that freer trade threatens the livelihoods of millions of people.
| + | Economists forecast that Germany is likely to avoid that scenario and say the latest growth figures could have been worse. |
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| - | The IMF has admitted that forcing developing countries to open their markets to foreign investors can increase the risk of financial crises. | + | "This is better than feared after retail sales and industrial production turned out badly in December. The decline is due to the euro crisis. It caused a drastic loss in confidence among companies and consumers." said Christian Schulz, an economist at Berenberg Bank. |
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| - | Its former managing director Horst Koehler said in 2002 that the benefits of globalisation had not been equally shared. But he added that "the objective should not be less globalisation but more and better globalisation."
| + | "Action from the ECB and the government has restored confidence. There is hope that we will emerge quickly from the economic dip. We expect growth again in the second quarter at the latest, provided that the euro crisis remains under control." he said. |
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| - | == 8 she will play Chen Linxin. ==
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| - | -- > xinhuanet,moncler pas cher.com Jiangsu Jiangyan April 7 report (reporter Wang Hengzhi) the seventh lark cup veteran woman tournament 7 in Jiangsu province Jiangyan City Qin Lake resort to end a battle,doudoune moncler pas cher, under the age of 14,doudoune moncler, young Jiangsu women's team in the Ying in a garbage in garbage out the beat veteran guard Shao Zhenzhong in nine, made three in a row,moncler.<br>As the Jiangsu chess courtyard dean,doudoune moncler pas cher, Shao Zhenzhong self bearing for twelve years did not play chess,doudoune moncler, "new very",doudoune moncler pas cher.And the game process was also verified by the words of Shao Zhenzhong,, the chess Shao Zhenzhong first black start,doudoune moncler pas cher, was soon in the Ying suppressed,doudoune moncler, but have the advantage in the Ying a mistake that victory day checkerboard reversal,moncler, Shao Zhenzhong situation advantages,moncler pas cher, so that the master of all just to Jiangyan Chen Linxin nine said: "it seems that you come,moncler pas cher.<br>"However, in the victory has almost established, Shao Zhenzhong out of the slotted spoon,moncler pas cher, a wrong step from the dragon becomes dragon,doudoune moncler pas cher, he then readily admit defeat,.With this victory,doudoune moncler, the pioneer in women's team of Ying have won three straight games,moncler, she had previously won Liang Weitang nine and Song Xuelin nine,doudoune moncler, 8 she will play Chen Linxin,moncler.<br>Related articles:
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| - | <li>intensive</li>
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| - | <li>the media had reported</li>
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| - | <li>the villagers in the Obama re-election after celebrations.</li>
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| - | My actions using the two years, I have four years to consolidate, make them more skilled, precise.""The Chinese diving rule has been slowly near the end.Come one year, Qiu Bo can not be stopped, but this time he did not win the gold medal in the Olympic games.
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| - | == Qiu captured only a 9. ==
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| - | Nan Yiyang police uncovered the network “ Liuhe color &rdquo,moncler pas cher; gambling case involving 5000000 [Chinese network voice of Hunan]: (Changsha news media reporter Ge Qiwei Gan Zhili correspondent reporter Zhou Ying) in April 28th in Yiyang City Public Security Bureau police detachment to understand, in Criminal Investigation Detachment detachment of inspect of net assist energetically below, after more than a month of hard investigation,, success and led to the only,doudoune moncler, involving up to 500 yuan “ Liuhe color ” Web gambling case,, criminal suspects,moncler, Qiu captured only a 9.<br>In 2011 March, the Yiyang Public Security Bureau of Criminal Investigation Detachment received intelligence: one named Qiu Jing may be suspected of using the Internet to set up “ Liuhe color ” roulette,, after a preliminary investigation after that, the team immediately established by the detachment of long Zhuang Hongliang holds the post of a group leader, deputy commander Cai Yong holds the post of assistant group leader, three battalion of the project team to launch the police investigation.<br>In order not to act rashly and alert the enemy,moncler, project group in total secrecy,doudoune moncler, flexible use of various means of investigation, sham operation.In ascertaining the Qiu a line and offline basic situation,doudoune moncler, April 9th, the detachment sent teams to go to Guangzhou to hunt on April 12th,, investigation of leaf, such as ripe for investigation, detachment in the network and technical operations detachment of the support, the mobilization of city three branch the power elite and the crew all police,moncler pas cher, divided into 8 groups spread to arrest after work,, in Ziyang,moncler, Chaoyang pier in Hong Kong Schelling,moncler, Joseph Hill Council Yongsan, Qingnian Road and other places have criminal suspects arrested Qiu,doudoune moncler, 8, April 15th, Guangzhou working group successfully captured the suspect only.<br>In 2010, since October,doudoune moncler, the suspect Qiu a acts as a leaf off the assembly line, the use of the Internet “ Dynasty gold coast ” &rdquo,, “ gain,moncler; websites such as “ Liuhe color ” gambling network sub agent dealer, after the development for the next line to absorb Zou et al, receiving lottery betting newspaper code,moncler, the total period number about 70,moncler, involving up to 500 yuan.<br>Related articles:
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| - | <li>see the colliery worker dormitory nobody</li>
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| - | <li>science</li>
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| - | <li>listen to city hall on 2007</li>
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| - | It is understood ,all quality and technology supervision departments are cancelled by the audited enterprise dairy products production permit ,did not pass and stop production rectification enterprises will be to stop the production of dairy products .
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Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures.
Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction.
Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter.
But in France there was surprise growth of 0.2% at the end of last year, attributed to healthy export growth.
Overall the 17 nations that make up the eurozone saw economic activity shrink 0.3% in the fourth quarter. By comparison the United States reported growth of 0.7%.
Continue reading the main story
�Start Quote
The eurozone has not slipped into recession as it reported growth of 0.1% in the third quarter.
'Better than feared'
Europe's debt crisis has already pushed Greece, Portugal and Belgium into recession, defined by two consecutive quarters of contraction.
Economists forecast that Germany is likely to avoid that scenario and say the latest growth figures could have been worse.
"This is better than feared after retail sales and industrial production turned out badly in December. The decline is due to the euro crisis. It caused a drastic loss in confidence among companies and consumers." said Christian Schulz, an economist at Berenberg Bank.
"Action from the ECB and the government has restored confidence. There is hope that we will emerge quickly from the economic dip. We expect growth again in the second quarter at the latest, provided that the euro crisis remains under control." he said.
