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What really caused the eurozone crisis?
World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.
And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden. What's more, 2012 looks set to be not much different. But as eurozone governments hammer out new rules to limit their borrowing, are they missing the point of the crisis?
* The eurozone has agreed a new "fiscal compact" * Eurozone leaders have agreed to a tough set of rules - insisted on by Germany - that will limit their governments' "structural" borrowing (that is, excluding any extra borrowing due to a recession) to just 0.5% of their economies' output each year. It will also limit their total borrowing to 3%. These rules are supposed to stop them accumulating too much debt, and make sure there won't be another financial crisis. * But didn't they already agree to this back in the '90s? * Hang on a minute. They agreed to exactly the same 3% borrowing limit back in 1997, when the euro was being set up. The "stability and growth pact" was insisted on by German finance minister Theo Waigel (centre of image). What happened? * So who kept to the rules? * Italy was the worst offender. It regularly broke the 3% annual borrowing limit. But actually Germany - along with Italy - was the first big country to break the 3% rule. After that, France followed. Of the big economies, only Spain kept its nose clean until the 2008 financial crisis; the Madrid government stayed within the 3% limit every year from the euro's creation in 1999 until 2007. Not only that - of the four, Spain's government also has the smallest debts relative to the size of its economy. Greece, by the way, is in a class of its own. It never stuck to the 3% target, but manipulated its borrowing statistics to look good, which allowed it to get into the euro in the first place. Its waywardness was uncovered two years ago. * 3/9 Italy Worst offender * 5/9 Germany First to break rules * 6/9 France Offender * 9/9 Spain Top of the Class * But the markets have other ideas * So surely Germany, France and Italy should be in trouble with all that reckless borrowing, while Spain should be reaping the rewards of its virtue? Well, no. Actually Germany is the "safe haven" - markets have been willing to lend to it at historically low interest rates since the crisis began. Spain on the other hand is seen by markets as almost as risky as Italy. So what gives? * So what really caused the crisis? * There was a big build-up of debts in Spain and Italy before 2008, but it had nothing to do with governments. Instead it was the private sector - companies and mortgage borrowers - who were taking out loans. Interest rates had fallen to unprecedented lows in southern European countries when they joined the euro. And that encouraged a debt-fuelled boom. * Good news for Germany... * All that debt helped finance more and more imports by Spain, Italy and even France. Meanwhile, Germany became an export power-house after the eurozone was set up in 1999, selling far more to the rest of the world (including southern Europeans) than it was buying as imports. That meant Germany was earning a lot of surplus cash on its exports. And guess what - most of that cash ended up being lent to southern Europe. * ...bad news for southern Europe * But debts are only part of the problem in Italy and Spain. During the boom years, wages rose and rose in the south (and in France). But German unions agreed to hold their wages steady. So Italian and Spanish workers now face a huge competitive price disadvantage. Indeed, this loss of competitiveness is the main reason why southern Europeans have been finding it so much harder to export than Germany. * ...and a nasty dilemma * So to recap, government borrowing - which has ballooned since the 2008 global financial crisis - had very little to do with creating the current eurozone crisis in the first place, especially in Spain (Greece's government is the big exception here). So even if governments don't break the borrowing rules this time, that won't necessarily stop a similar crisis from happening all over again.
Spain and Italy are now facing nasty recessions, because no-one wants to spend. Companies and mortgage borrowers are too busy repaying their debts to spend more. Exports are uncompetitive. And now governments - whose borrowing has exploded since the 2008 financial crisis savaged their economies - have agreed to drastically cut their spending back as well. But... * Cut spending... * ...and you are pretty sure to deepen the recession. That probably means even more unemployment (already over 20% in Spain), which may push wages down to more competitive levels - though history suggests this is very hard to do. Even so, lower wages will just make people's debts even harder to repay, meaning they are likely to cut their own spending even more, or stop repaying their debts. And lower wages may not even lead to a quick rise in exports, if all of your European export markets are in recession too. In any case, you can probably expect more strikes and protests, and more nervousness in financial markets about whether you really will stay in the euro. * Don't cut spending... * ...and you risk a financial collapse. The amount you borrow each year has exploded since 2008 due to economic stagnation and high unemployment. But your economy looks to be chronically uncompetitive within the euro. So markets are liable to lose confidence in you - they may fear your economy is simply too weak to support your ballooning debtload. Meanwhile, other European governments may not have enough money to bail you out, and the European Central Bank says its mandate doesn't allow it to. And if they won't lend to you, why would anyone else?
www.doudouneamonclersfr.com police followed the alarm go
In February 28th theSecretary of county Party committee meeting, Jieyang Experimental Zone of the main party attaches great importance to the leadership ,pro catch deployment ,the departments at all levels to implement the responsibility ,cooperate closely ,abercrombie paris,fight in coordination ,crack down on various illegal and criminal acts ,effectively promote the region social security comprehensive rectification work in depth .
District Party committee secretary Cai Yaoqing on February 28th and hosted by area members of the party and government bodies ,direct the Department is mainly responsible for people ,towns (street ) secretary ,alcalde ( director ) attended the District Management Committee joint (expansion) conference ,communicate seriously learning conference, research deploy whole area 2009 year deepen social security comprehensive rectification work .
Requirements of the region at all levels of departments should take powerful measures ,abercrombie,deepen ten regulation ,ensure the stability and rapid economic development .In order to strengthen the regulation of &ldquo ;ten &rdquo ;leader ,zone established by the district commissioner ,Secretary of politics and Law Committee, Xia Wei of director of public security general command of the deepening social security ten action command ,at the same time established Jieyang test area 2009 year deepen social security ten rectification work program ,further clarify the rectification work key and all levels of various departments work .
Experimental Zone of comprehensive management of public security organs play a role as the main force ,the police mobilization ,go to all lengths ,quickly set off &ldquo ;ten rectification &rdquo ;action climax, has dispatched police 386 person-time ,establishment of a fixed card post 2 ,inventory of entertainment ,rental housing ,louboutin pas cher,hotels ,Internet cafes ,hogan,car repair shop and other key sites in all 262 ;cracked various types of criminal cases 6, detained 11 suspects ,5 arrested ;destroyed 2 criminal gangs ,arresting criminal gang member 6 ;and public security cases 65 ( including gambling cases 24, punishment 125) ;seized unlicensed no certificate ,false licenses vehicle 150; the recovery of stolen cattle farm 2 head ( value 16000 yuan ) ,the stolen car 1, rob mobile phone 3 ,collection simulation pistol in 1,woolrich outlet, more than 30 sets of devices ,control tool to commit a large number of .
In order to ensure that the &ldquo &rdquo ;ten rectification ;to obtain actual effect ,experimental district public security authorities insist on &ldquo ;police followed the alarm go ,source control ,fast detection fast break &rdquo ;working principle,, key areas ,key period for implementing the precision strike ,give full play to initiative and the spirit of continuous operation ,louboutin,has taken a a series of measures :one is held substation leader and each unit &ldquo ;a &rdquo ;conference ,mobilization deployment of action ,put forward to make clear a requirement .
During the operation, Schell ,the District Public Security Bureau commissar Lin Xujian himself the supreme commander ,to the police station ,point card check ,outlet hogan,other members of the team led the Bureau of each hook station coordinated operations ,to carry out a full range of action ;in two ,Yung East Bridge Road Wangjiang exit card ,,strengthen the past suspicious vehicles and personnel .
,michael kors outlet;three is made pilot area public security organs to carry out armed patrol work program ,give full play to the social security comprehensive forces ,strengthen road patrol and plainclothes ambush combination ,low crime ,for breaking current cases ,severe blow &ldquo ;rob a stolen &rdquo ;case ,to deter crime ;four is to combat illegal gambling activities as the main line ,focus on tackling key and difficulty ,do not stay dead ,sac longchamp pas cher,not to stay hidden ,at the same time with the village police station also signed book of responsibility of ensuring that gambling ,sac longchamp,gambling problem does not rebound ;five is a complex public places one by one check, do not stay dead ,ensure one by one pass ,hollister;six is a group of public security police ,police organization ,strengthening for dangerous goods ,explosive goods of the safety inspection ,eliminate hidden dangers ;seven is the Criminal Investigation Brigade increase detection pursuit work force Degree of &ldquo ;therefore ,a stolen &rdquo ;criminal cases give severe blow ;the eight battalion of the traffic police is a joint fishing lake of unlicensed undocumented ,false licenses vehicle seizure attack, from fountainhead keep within limits &ldquo ,louis vuitton outlet;rob a stolen &rdquo ;cases .
Through a large number of investigation Bukong ,the District Public Security Bureau in the experimental area of armed ministry guest house successfully captured in the area had many times and prepare to go on robbery suspect Huang Mouda ( male, 23 years old ,Yangjiang city) .
The continuous interrogation ,Spaccio Woolrich,Hwang was finally confessed in 2008 12 at the end of test area the number of crimes of robbery crime; according to Huang to account,michael kors, in the experimental zone thickness and Chen Village Road side grass ,franklin marshall,extracting the tool watermelon knife 1, and captured its partner Lin Moubin ( male, 29 years old ,test Zone ) ;in the involved Huang Mourong ( male, 18 years old ,test area ,at-large ) home captured ied 2 ,hollister france,watermelon knife 1 ,motor vehicle license plate sealing 8 grains ,concentrated sulfuric acid 1 bottle ( 400 ml) .
At present, Hwang ,Lin Moubin has been arrested .February 26th morning, battalion of the criminal investigation branch and south of the river police station destroy robbery gang in 2 ,captured by Huang Moufeng and other 6 criminal suspects, seized for committing a robbery simulation pistol ,woolrich,recover the stolen mobile phone ,2 head of cattle farm ,piumini moncler.
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Miyun search mission to the &ldquo &rdquo presented pennants; knife.Our correspondent Lin Zhenhong taken 5 days is the Miyun liberation 60 anniversary day, Miyun Xunqin delegations from Guangdong Jieyang back to the cloud, cloud 430000 who brought back a good news: Miyun for years to join the liberation of Miyun “ knife even ” finally in Guangdong Jieyang was found,Spaccio Woolrich.
The relevant departments of Miyun, Miyun dagger “ ” in December 5,louis vuitton outlet, 1948 participated in the liberation of Miyun battle, take county east of North Point main task.After all the hundreds of soldiers fight a bloody battle,woolrich outlet, only 38 people.
The company was later CMC awarded “ Miyun knife even ” the title of honor.Thereafter, the army into the war of liberation of the flood, in Miyun people's sight.For decades, Miyun departments has found that the main gate of the original group of 429, it was Dong Cunrui's army,louboutin pas cher, now in the Jilin of Yanbian; as well as reinforcements original mandate of mission 427, it is the white Yihua's army, now in Jiangsu Wuxi plum garden,outlet hogan.
Only Hongyituan &ldquo,franklin marshall; ” (formerly the 424 regiment) &ldquo,abercrombie paris; Miyun knife even ” there has been no whereabouts.In September this year, carry out the creation of national ecological county of cloud of ecological civilization and the pilot county of Guangdong Province, county government delegation to Shaoguan to inspect the local ecological construction.
In the informal discussion, Shaoguan city hall deputy secretary-general Li Dejun heard the delegation from Beijing Miyun, inadvertently said: “ when I was a foreman, a &lsquo regiment; Miyun knife even ’.
” originally, Li Dejun is the year “ Miyun knife even &rdquo,hollister; the &ldquo ” Hongyituan; former head of.From the mouth of Li Dejun,abercrombie paris, led a team to inspect the deputy head of Miyun county to Wang Guangshuang, “ Miyun knife even ” Guangdong Province is in Jieyang city.
Wang Guangshuang immediately decided to ask Li Dejun for help, and &ldquo,hollister france; &rdquo and “ Hongyituan; Miyun dagger &rdquo contact.In November 25th,moncler, as the Miyun Xunqin condolences troupe, Miyun County Party committee deputy secretary Li Heping, a trip to Guangdong Jieyang &ldquo ” a relationship with him;.
“ Miyun knife even ” incumbent commander Bian Jinyong on behalf of the whole continuous cropping to commemorate the report.The delegation of close cloud people condolences to “ Miyun knife even &rdquo,hogan; presented pennants and engraved with the Chinese printing Olympic cultural heritage cliff stone model, and Hongyituan signed “ to build military agreement ”.
“ Miyun knife even &rdquo,sac longchamp pas cher; then to Miyun presented with bloody Miyun scenarios for the relief of souvenirs.Li Heping tells a reporter, over the past 60 years,louboutin, the 38 soldiers or because regroup,abercrombie, or because of demobilized, information has been difficult to query, but the Miyun people never forget their blood relatives of Miyun earth.
All the time since, Miyun people hoping to liberation of Miyun team expression of gratitude, as did not forget the kindness, “ this wish has finally reached.” “ “ &rdquo Hongyituan; Miyun knife even ” now part of the people's Liberation Army an army of some two battalion,.
When the &ldquo Hongyituan,piumini moncler; &rdquo,woolrich; in the Autumn Harvest Uprising by Chairman Mao, with Jinggangshan's old army, forcing Dadu he,michael kors outlet, five heroes of Langyashan, battle of Pingxingguan, loess hill killed Japanese famous flower Abe Kihide, and other stories occur in the regiment,abercrombie.
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...... Just sitting on the shore ,watching a catkin, traveled back to seven years ago ... ... Beautiful encounter everyone in life will encounter one person at a time ,touched the hearts that long .
.. ... That June afternoon ,the sun shines into the office through the window ,the window leaves also hung his head, as if to go to sleep .Yuqing idly sit by the side of the computer ,she just learned to surf the Internet ,I feel pretty fresh .
Because likes English ,she entered a Yahoo! Chat room ,found draped words .Occasionally she had a name to say Hi ,mercurial vapor pas cher,the man quickly replied to her words .Two people chat in English again ,he asked her name ,she said you guessed it ,then she tells him a story ,telling a lot, she asked him what is, he says he is a sailing  ;boy ,wearing glasses ,like reading books .
He was at the other end of the earth ,and his hometown in the north, is a winter snow covered place ,so he likes snow .But has been away from home for several years ,now the winter he dared not come back ,because it is too cold .
Time passed quickly ,louboutin,not how long work time arrives, they say goodbye .After several days ,every lunch time they would like the Internet, talk with each other about the topic not to the point ,but she still didn everything he want to know .
One day, she and her colleagues playing together, suddenly received a strange phone call .A phone call from her gentle words ,he offer house ,tell their own online name ,and tells her that he called dust .
I don ,because the phone ,let her heart some acceleration ,the soft bass like rain soaked her mind .From then on ,every day they will meet, will be able to talk ,if which day can not get on the Internet ,he or she will write to tell each other .
Although no one say words like love ,but love seeds have been secretly planted ... ... His songs are very good ,by Mike that he gave her to sing many songs ,each time she would burst into tears .
,supra.. ... Every day ,she began to miss him ,sometimes online that end ,she can hear him sad voice ,just two people with great care to avoid speak their mind that look forward to .Day into January, January into a year .
.. ... It is in this disguise and missing the days passed four years ,.Finally one day ,he wrote her a message ,telling her he quickly returned home ,asked her if she wanted to see him ,if you want in the X month X day to Beijing .
Despite being in the bottom of my heart think there is such a day ,but when the moment finally comes, she is nervous .There was a sense of fear ,what is fear? She doesn ... ... She asked him ,miss each other better ,you are going to meet or to miss ?He said :I wanted both .
.. ... Rain is still some hesitation ,scarpe hogan,one day when they met again on the net ,she asked : why should I go to see you in Beijing ?Give me a reason . He said : because I wanted to see you .
She asked : have you ever dream of me ? He replied : Angel ,  ;hundreds  ;of  ;times ... ... Finally she decided to go to see him ,because in her heart has been an unsolved knot ,she hopes that she can hear the answer he gave .
In those days, her mind is always the word :See  ;you  ,moncler;in  ;Beijing .To love when the seed of love quietly plant ,even the lightest one duty ,will let the seeds germinate, tenaciously drilled on the ground ,supra shoes.
When the plane in the air through ,she sat at the window watching the clouds in the sun emits bright lights ,abercrombie,such as snow-capped mountains as fast, heart also raced, moved closer to him, the dream in a shadowy figure to appear in front of it, to see his moment will be how a scene ?He spread out his arms to embrace me ?The plane landed with the crowd ,she walked out of the airport, gaze at the airport crowd looking for arms ,saw many flowers ,but not in the photo face .
He will come to meet her ?She walked in ,while the crowd at the exit of the search ,she finally saw the face !He stood there with arms folded ,seemed not to see her ,she darted forward, finally he turned his eyes to the side ,she smiled and said hello to forward .
He is like a gentleman to say hello ,and then find the car .While waiting for the bus ,she always smiled shyly down ,his hands clenched package ,long hair was spread ,blocked her face ,black and white vertical stripes fell on her white skirt .
He stood beside her ,at first did not speak ,then he stretched out his hand and pressed her shoulder ,and said: is it right? So nervous ? She didn ,still hung his head ,he nodded ,he smiled and said , I also like .
She raised her head ,stole a glance at him ,he was a nice, eight two meters tall ,standard North man ,wearing a glasses ,the eye in the smile ,the neck is a thick necklace ,if you do not know his identity ,she mistaking him for the next big the boy .
The car finally came, he in front of the crowd to see to ,she could not follow in his footsteps ,he stopped and seized her hand ,her heart was shocked ,timidly let him hold through the crowd and walk to the car .
To the car, she asked : where are we going? He said : you guess . She smiled and said : I don . The car through the crowded streets ,then stopped ,when she was he led the Summer Palace to the front door, she found the answer .
The the Summer Palace and south of the garden is different, do not seem to think so beautiful ,ancient path ,less delicate and beautiful ,playing for a while, and together they sat down by the lake .
He held her hand ,fingers gently in her hand to write her name : ,again and again, he seems to be all the feelings are poured in those two words ,it seems cans not in the dream .Don know he really missed her ,just feel the gentle strokes ,in thought .
She looked at his profile ,he looked at the lake ,some misty eyes . May I ask you a question ,moncler?This dust . Her question seemed to him for a while back to reality ,he said , OK, you ask me .
I don have half a year to suddenly disappear ?I thought about the problem for a long time ,always want to hear your answer . Because I am wrong ,louboutin pas cher,I want to let myself not to think about you ,so I did .
I gave her half a year after half a year ,if my heart still think about you ,I will give up this fight .But after half a year ,I still can not let you go ,I think, to go along with it ,there is no right or wrong .
So I decided to come to see you . Then you lost half a year what really happened ?Can you tell me ? Time for me is the most painful when ,in order to find peace of mind, I began to believe in jesus .
I desperately tried to keep yourself busy ,to cool themselves, let myself forget . Why believe in Jesus ?You are always not to believe in God ? I want the heart has to ,but when I see the desert ,I think that people really have fate ,life all suffering is you should suffer ,.
Because of this word, her tears down a nasty brush . Also includes the hardship of missing ? Well ,it a part of life . ... ... Time flies ,there are a couple of hours ,they will face a short reunion after the parting .
From the Summer Palace ,he took her to go for each bought ice Tang Hulu ,two child on the way such as eating ,chatting, laughing .He asked : is it right? Hungry ?We go to eat roast duck ? She nodded , yes ,I also like to eat Beijing roast duck .
On their way to find a poly Ford Hotel ,little duck ,she watched him carefully pick up cakes ,roast duck sauce packets ,coated ,put onion and cucumber ,then handed it to her , ,here should be in the country is the most delicious .
The moment she felt herself into a beautiful princess ,and her prince is take care of himself .She moved to take over a bite ,the smell is seeping into the heart ... ... There are two hours she would seize the opportunity to leave ,after dinner ,they hurried to the airport .
In the waiting hall ,she was away sugar fried chestnut ,he ate two ,see more and more people, he says that we are looking for a place to sit down .Find a quiet corner ,their four eyes ,tears blurred her eyes again ,he put his hand over her ,gently on her forehead and cheek kiss, he did so holy, seem to want to in her face always engraved with his name .
He comforts her to say : don ,you are a good take care ... ... When the tears like rain cat and dog swept down, he gently picked up her head ,kissed her tears ,his eyes welled tears also ,outlet hogan,started singing softly : I will always love you .
.. ... Finally, his voice choked up ,she stretched out his hand ,touched his face , don .I want you forever engraved in my heart . , he said , who said I cry .I am never cries . This sentence she chuckled ,he took the opportunity to say : Oh ,look at you ,like a child ,sometimes cry, a laugh ,go and wash your face ,I can see you cry and leave .
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Libya was declared "liberated " by the Transitional National Council (TNC) three days after Gaddafi was arrested and killed on Oct. 20, 2011. But local media reported that there were more than 1,000 pro-Gaddafi militiamen still operating in Bani Walid.
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Two motherswant money ,but she does not take the right path, let uncle arranged blind fortune kite ,pretending to be poor ,ragged beggar for money ,a home for not more than, ten many ,begging money faster than doing something .
But the two girls were not satisfied ,see other people rich do not feel comfortable .Turtle is very valuable ,two mothers see people raises turtle to earn a lot of money ,you want to steal the turtle di .
Juwan did not dare not to go ,to be caught, run to also cannot run ,urgent knelt down by two mothers teach cry :there are eighty mother ,a sick child ,piumini moncler.Watch turtle were not put ,then simply threatened :we don do the wicked things ,if a man throws a bottle of pesticide ,turtle may have died ,who check out? So say ,see turtle really afraid,mercurial vapor, very polite to Uncle walk ,pass a cigarette and said: to steal steal from others ,and then can my .
Uncle said :even feel shy ,feel shy .Hand over the face run .Not to steal a turtle ,also be seen turtles caught ,Turtle Hook forgot ,and feel shy to take .See uncle didn turtle to have lost the turtle hook ,two mothers think off ,also let uncle steal, said: how the night to steal money turtle hook back to money ,work tired ,steal the turtle to sell money soon .
Uncle died not to ,louboutin,two mothers hate hate to scold .Two ladies teach second sentry, to steal,hogan, and so on a di whisper ,ask Uncle can remember .Uncle half-believe in nod .Two mothers are not satisfied then asked Uncle :what I said just now ?Uncle says not to come out, be two mother scold ,and teach him ,ask again ,abercrombie.
Uncle said and about a two .Two mothers with only the turtle card ,put on the bait to turtle sugar direction to touch .Two mother pond along the road while wearing the turtle turtle decoy card ,after a while ,she was found to have a turtle bites ,hurried away, saw the hypertrophy of the old turtle ,gets excited stamping on the pond mud, mud splash in the quiet night ,hear very clearly .
In two she broke out in a cold sweat ,moncler,a placing ,but knocked the wall broken basin , bang see turtle is trying to sleep ,hear ,louboutin pas cher,busy with a torch run out .Two mother was carrying the old turtle ran ,outlet hogan,but they can run ,was caught ,the wallet .
Have a look at the turtle man is a woman ,and is a beautiful woman ,is also not good to play .Just put him by the hair not to ask: how do ?Two mother said to find the toilet, but she is holding a caught a reluctant to throw hook on the card old turtle ,old turtle was craned quadrupedal pedalling .
He flung aside .Two mothers know to deny it .You cry to say: husband of the cancer the teller says ,in the midnight ,supra shoes,stole the turtle as medicine introduction can cure ,no way ,poor ah .
But turtle does not forgive .Two mother wanted to use the beauty ,deliberately opened the chest ,his chest milk to seduce him .Watch turtle lewd ,shining eyes to look ,hate not to drill in .
She was secretly pleased :fell into the trap .So I closed my eyes ,see turtle who knowingly to * * * kiss .Two mother pretended to wake up suddenly ,is to give him a slap surprised scold :Rogue ,I want to tell you .
Uncle press an appointment was punctual with sticks out .Watching the lake scared knelt down and said : please let me go ,I have a sick old mother ,have children .Have a wife child also be beasts ,.
When the two mothers teach words again .My wife knows not castrate me, please forgive me .See the turtle is afraid of wife of the Lord, but he did not like the uncle,scarpe hogan, was also a taste of another woman ,his wife than ugly woman wants to try ,try different colored woman taste ,like to eat vegetables, eat every day, no matter how good the food also want a change ,can then see another woman eye dare not ,and see the turtle who dares to want to also dare .
Two mother pretended very angry say :see you are poor ,lose loss fee .Watch turtle who want to hurry up ,hurry asked :how many lost ?Not much, five thousand ,five thousand .Two mama said .
So many ah ?See the turtle to say .Also many? Or you .Uncle put two mother prior to teach words again .I have only two thousand ,not so much how to do ?See the turtle said .Two thousand two thousand .
Uncle want : see turtle also did not account for two mothers bargain ,stealing what still take a family claims ,they are the bargain ,they immediately agreed to .Two mothers gave a kick kick Di Di :you give me shut up ,who let you speak, you are a loser, wife be killed also help people speak .
And turned to look at the turtle said :it can be big, so that what is attempted, crime ,now science developed ,you touched me and evidence ,can check it out ;if you don ,I had not changed his mind before quickly took five thousand, otherwise I change my mind you never eight thousand are not .
Now I have no money ,moncler,money is in my wife there, or you got me on my knees ,that later .Two mothers see turtle really have no money just say :Well, I don ,I will step back ,take two thousand ,the remaining issue ious .
See the turtle man afraid make out wife know off his skin ,had to take money to write iou .Two mothers take IOU and money ,get dumped by the live mix has not run old turtle back to uncle took home happy .
Watch turtle people seeing two mother uncle money ,the IOU and old turtle leave ,ready to say :the old turtle left .Then I thought :due to eat ,but also care about an old turtle ,say ,don come back ,just a stomp thought: all fall down eight lifetime enzyme ,only kiss tender milk half lose many ,too soon .
Two woman to come home ,the feet of wind .Uncle pull behind trot out to say :This is not good .Two mother not to think it as shameful ,but proud to say :what is not good, you are the pig brains to come up with such a good idea ?Let others to kill ,you can turn the tide and others clever wife .
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Libya was declared "liberated " by the Transitional National Council (TNC) three days after Gaddafi was arrested and killed on Oct. 20, 2011. But local media reported that there were more than 1,000 pro-Gaddafi militiamen still operating in Bani Walid.
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Faced with this severe disease, here are some everyday measures we should take to stay healthy. First, cover your nose and mouth with a tissue when you cough or sneeze. Wash your hands often with soap and water, especially after you cough or sneeze. Avoid touching your eyes, nose or mouth. Germs spread that way. If you get sick, stay home from work or school and limit contact with others to keep from infecting them.
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Faced with this severe disease, here are some everyday measures we should take to stay healthy. First, cover your nose and mouth with a tissue when you cough or sneeze. Wash your hands often with soap and water, especially after you cough or sneeze. Avoid touching your eyes, nose or mouth. Germs spread that way. If you get sick, stay home from work or school and limit contact with others to keep from infecting them.
a common response to the financial crisis.
 ,sac longchamp; the United States Department of Commerce from 13 to make final decision on the production of seamless steel pipe, China 13.66% to levy anti-subsidy tariffs of 53.65% and 48,louboutin pas cher.99% to 98,franklin marshall.74% of the anti-dumping duties,louboutin.
In February this year,louboutin, the United States Department of Commerce preliminary on Chinese seamless steel pipe 11,.06% to levy anti-subsidy tariffs in April 12.97%,louboutin pas cher, and the first on Chinese seamless steel pipe 32.
39% to levy of 98.37% anti-dumping duties,supra; by contrast,air jordan, the United States Department of Commerce final to determine the "double reverse" tariffs were higher than the preliminary determine tariff.Seamless steel pipe for tap water,louis vuitton, petrochemical,sac longchamp pas cher, petroleum products and natural gas and other industrial pipeline system,.
In 2009,louboutin pas cher, the United States of America seamless steel pipe imported from China to the total value of about 182000000 dollars.According to the United States of America trade remedy case processing program, the United States Department of Commerce from 13 to make the final,supra shoes, the United States International Trade Commission will make the final decision, the United States Department of Commerce in China after be produced Seamless Steel Tube anti-dumping and countervailing duty investigations and to release.
In August 31st,abercrombie, the United States Department of Commerce ever rejected Chinese aluminum coated paper and spread the RMB exchange rate is to make unfair subsidies investigation, but preliminary on Chinese aluminum 6.
18% to levy the countervailing duty 137,louis vuitton outlet.65%,.In addition, the United States Department of Commerce announced earlier trade remedy measures to strengthen the 14 recommendations, involving anti-dumping, countervailing trade relief measures, the core including the elimination of foreign export companies to individual in the particular case of anti-dumping or countervailing duty exemption content.
The United States announced 14 recommendations,sac lancel, which the Chinese Ministry of Commerce said a number of recommendations for non market economic country, China expresses grave concern to the United States; frequently initiated trade relief measures, China made representations on many occasions, asked the us to abide by the consensus reached between both sides,louboutin, oppose trade protectionism, a common response to the financial crisis,lancel.
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And multinational cement company is different
 ,louboutin pas cher; standard investment bank (SIB) recently released East Cement Market Research Report,, the prediction of local cement companies such as to maintain strong expansion situation,sac longchamp, the future may seize the multinational cement company for about half the market share,sac longchamp pas cher.
And multinational cement company is different,louboutin, the local cement company can only be based on development,lancel, while the former can choose in other regional expansion,louboutin pas cher.East Africa's largest cement company France Lafarge group holdings of the Banbury cement company,, market share may be declined from 55% in 2005 to 38% in 2015,supra shoes, and a local Mombasa cement company's market share is expected from the current 13% to 14% in 2015,abercrombie france.
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create the visual guide floor.
 ,louboutin; lenticular plastic just change the angle of view can show dynamic images,air jordan, so it is often used in business card or uncorrected 3D effect,louboutin pas cher.From the Japanese Communications University researchers will take the lead in the lens of plastic used in large area in public places,supra, create the visual guide floor,abercrombie france.
This floor can be used in applications such as train stations,louis vuitton, subway stations,sac lancel, cinemas and other places with more people,.When people walk in the above,louboutin pas cher, with the view of transformation,louboutin, the under floor patterns will also change,franklin marshall, so as to guide people in accordance with the established direction,abercrombie.
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now the fiery market, many projects are taking advantage of buy a house people enthusiasm, secretly price money.But reporters yesterday in Nanjing real estate market is found, a sale of outskirts of a city to attract investment, has declared that "against the foam" have low dumping.
Insiders said,louboutin pas cher, although the price has attracted many eyeballs,louboutin pas cher,burberrysoldesufrance.com dive to a depth of 22.1The Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce., but buy a house or care for the good.The name is Earl resort market in Southern Ningxia Lukou plate, the reporter is located in its Hongwu Road on a billboard for see, the market hit the slogan was "shocked": "against the foam, with action to protect the market".
A pass by people laughed and said, "this event to wear their 'hat' is too high,mercurial vapor!"For the advertisements as "villa all 800000" slogan, many people said, now ordinary people buy a house to buy a city apartment has little bear, who would have thought to suburbs to buy a villa?"If prices lower, probably will not consider.
"The reporter then consult the property sales offices,burberrysoldesufrance.com take bribes and bend thThe Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce., a sales person to call a spade a spade, their advertising is specifically for investment."There were left over 20 houses,abercrombie, developers hope to sell as soon as possible,hogan, so making the villa all 800000 slogan," the sales staff also said that, at the beginning of last year prices departments give price is 6700 yuan per square metre to 7200 yuan,mercurial vapor pas cher, which they had been to 4000 yuan price sales,air jordan pas cher, since this year is not go over, now the price at around 4300 yuan per square metre.
"Developers winding purpose is to return the funds, and then in the city to get, do not yet what the development," the sales staff said,air jordan.Nanjing blessed house investment company general manager Shi Dong said, now the Nanjing real estate market to be in full swing, is in the hands of developers "disc" shill "starvation", and the hands of the enterprises to follow in the land market management,, had to contend for a "fight at outrance", and with "capital" is better than who funds.
Shi Dong said, some small and medium-sized real estate enterprises tend to adopt the marketing strategies of price index funds,burberrysoldesufrance.com unified assemblyThe Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce..According to his understanding, Jiangning, West,outlet hogan, there are also some developers to reserve land,louboutin, temporarily lowered prices in exchange for sales,louboutin.
What is the reason that caused the decrease in imports
  ;the Baltic Dry Index BDI ,also called dry bulk cargo transportation market index ,the index is currently the world measure of international shipping situation authoritative index ,is a direct reflection of the international trade situation of the leading index .
If the index is significant to rise ,franklin marshall,economic situation good states ,international trade hot .Whereas the conclusion will instead .In less than 20 days ,the Baltic Dry Index dropped two to many ,this is what causes ?See CCTV channel of Finance and economics correspondent .
Yesterday, the Baltic Dry Index finally closed at 3288 points ,and this is known as the international trade barometer the index in May 26th or 4209, in just 17 days, it fell more than 21% ,fell to the lowest since April 28th .
Analytic personage thinks ,the crash is seasonal factors and iron ore trade decline combined action result .Yongan Futures Research Institute Vice President Ding Ding : at this time as international grain transport in fact in a gap ,for example South American export basically completed, the United States there is no new crop down ,on the other hand ,sac longchamp pas cher,India Ocean from June to August was actually a monsoon climate influence ,louboutin pas cher,this time for shipping effect is indirect ,the reduction of iron ore trade on the Baltic shipping index is a certain drag .
In international ocean shipping ,bulk cargo proportion is the largest iron ore ,coal and grain ,abercrombie,the iron ore is the largest, accounting for nearly 70% ,the iron ore trade price tend to directly drive the Baltic Dry Index fluctuation .
China as a major importer of iron ore ,the iron ore imports continued to decline ,as the Baltic Dry Index dropped one of important reasons .While in the Baltic Dry index proportion in the second only to iron ore coal ,China import volume also appeared to drop substantially .
Ningbo Customs Statistics Director Ye Yun : from the May data reflect circumstances ,it has a decreasing trend ,and the range is quite large ,I have here a data ,the May Ningbo Port imported coal 305000 tons ,drop compared to the same period 34.
3% ,annulus comparing drops 20.6% ,this very large amplitude . China decrease pull low index of China Customs 10 according to figures published on May ,our country iron ore and concentrates import volume is 51900000 tons ,than in April decreased by more than 6% ,and the second consecutive monthly decline .
What is the reason that caused the decrease in imports ?Our correspondent in Ningbo ,Qingdao and other major import iron ore port were investigated .The recent Ningbo port iron ore import a group of data display ,louboutin pas cher,from iron ore monthly imports trend, oscillatory recedes the situation, imports in March reached 3464000 tons of high, after 4 ,,May small fall after a rise ,to May imports fell to 3063000 tons ,,were down 6.
8% .In the iron ore import of another important port of Qingdao ,the customs statistics also show ,experienced in the 4 months before the volume increases ,in May iron ore imports have been a U-turn downlink .
Qingdao Customs General Statistics Office Ma Yongsheng : the import volume is 12640000 tons ,than last month, is a decline of 18,louboutin.4% ,should say decline is relatively large . According to industry analysis ,in May iron ore imports a quantity to decrease ,due in part to the forward export volume growth too fast ,this year 1 to in April ,iron ore imports increase compared to the same period 11.
6% ,further fall in demand .Yongan Futures Research Institute Vice President Ding Ding said : such as iron ore on the one hand ,because China is now in a relatively high inventory of a situation ,so that many of the importers is no replenishment of a need .
What is interesting, with iron ore imports a quantity to decrease, the price of iron ore are rising .Qingdao Customs General Statistics Office Ma Yongsheng : price has been a rise in status .
February is still below $one hundred in April ,3 ,more than $one hundred ,abercrombie france,reaching US $127 by May . Odd even more than that .With the iron ore prices correspond to, is the domestic steel prices decline ,in June 9th, following the Baosteel ,WISCO,franklin marshall, Anshan Iron and steel announced in July the price policy ,the mainstream products ex-factory price per ton in 300 reduced to 1200 yuan ,drop and Baosteel quite .
Three major steel mills to cut steel ,for the year to come first ,but the magnitude of the previous also does not see more .Iron and steel plant so high into a low ,iron ore import power of natural decline .
In addition to the domestic steel demand has been shrinking ,according to the China Automobile Industry Association statistics, China production since March has been for two consecutive months of decline, in May domestic auto production is lower than the ring 9.
4% ,the demand for steel is reduced ,supra.Yongan Futures Research Institute Vice President Ding Ding : from China with such a situation, that is to say the expected iron ore consumption may be relatively low, so that home is taken or is in production ,maintenance of these to reduce this amount of trade .
Since the middle of April, the state control of the real estate industry ,the construction steel demand is reduced substantially ,to force a direct inhibition of iron ore imports ,which partially pulled down the Baltic Dry index .
Tariff fall in small boat look forward to will stop the Baltic Dry Index generally speaking is a shipping price index ,louboutin,the index fell ,marking the ocean shipping downturn, this round of decline for many domestic shipping enterprises, especially some small shipping enterprises directly felt enormous pressure to operate .
With the view of the reporter .Since May, Ningbo middle and small shipping company already felt the shipping prices continued to decline caused by the pressure .Zhejiang province Ningbo Tin Shing Shipping Company Limited assistant general manager Chen Ji : the words ( mid May ,coal price ) is in ,we are mainly run Indonesia ,freight rate is probably at $13 per ton ,according to the present, tariffs or decline, we expected that may be in the ( down to 9 ( dollars) per ton ) .
Zhejiang province Ningbo Beilun Shipping Company Limited General Manager Chen Kuifang : our individual, declining profit margins are around 40%,louboutin, to tell the truth ,louboutin pas cher,oil prices and labor costs are rising trend ,louis vuitton outlet.
We the profit space of the enterprise already very small ,many enterprises are in the maintenance of ,if you decline, as our business here is full stop . At present in Ningbo ,because the shipping price decline affected enterprises in minority .
Zhejiang province Ningbo City Port Authority Deputy Director Yao Yueyun : our city a total of 131 shipping enterprises, the total tonnage exceeded 4060000 carring capacity ton ,overall we Ningbo shipping enterprises to private enterprises ,mainly small and medium enterprises, so this wave of the shipping enterprise is still relatively large impact .
Iron ore price rise unpredictable middleman and increased risk of iron ore demand resulted in the decrease of trade volume decreased and freight is reduced ,thus lower the Baltic Dry Index ,and the Baltic Dry Index and may in turn affect the price of iron ore ,the reason lies in the index is an index of go ahead of the rest ,once the iron ore prices,sac longchamp, the iron ore stone imports middleman possible ore hit in their hands ,risk self-evident .
With the view of the reporter .Qingdao Customs General Statistics Office Ma Yongsheng : ( the Baltic Dry Index ) it is a leading indicator, that I may not be reflected in the current ,directly affect the domestic iron ore import prices ,but I was late ,within a month or two months ,immediately ( immediately ) is reflected the .
According to Ma Yongsheng analysis ,although the price of iron ore imports remain high ,and belongs to the oligarchic, is not totally determined by the supply and demand situation, but if the steel prices continued in the downlink channel ,coupled with the macro-control needs ,do not rule out the entire industry further compression capacity may ,then the middleman high price of iron ore imports may not be able to find a buyer ,then hand will appear the phenomenon of pressure in Hong Kong and iron ore ,iron and steel enterprises default risk also increased ,supra shoes.
Qingdao Customs General Statistics Office Ma Yongsheng : some large-scale iron and steel enterprises ,it is mainly to do some long-term agreement price ,but at present domestic iron ore spot market price is now declining port ,louis vuitton,obvious ,may fell more than 10% ,within a month ,lancel,10% to 20% .
That I may not perform long-term agreement price ,I may directly from port took the spot price . According to industry analysis ,due to the three iron ore giants when rise in price offered to give up the long-term agreement price ,so once the iron ore prices ,steel companies may also have flexible procurement of iron ore spot ,at that time who paid a high price for iron ore is in trouble .
Qingdao Customs General Statistics Office Ma Yongsheng : June, Rio Tinto reported to the domestic enterprises to the iron ore price ,is the 3 quarter of a long association price ,also a record high ,( ton ) of $147 ,this is just a fob ,.
If this is the case ,I ( steel enterprises in domestic sales ) itself is not good ,profits are at a very low state, I can not accept such a high price of long association ,I can only in the domestic market domestic ports to purchase a number of spot .
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the agreement will help promote joint venture.
 ,abercrombie; German and Australian competition regulators expresses 21 days, because of BHP and Rio 6 month just submitted a joint venture for materials,lancel, they will be extended on a joint application review time,sac longchamp pas cher.
But BHP also announced yesterday,louis vuitton outlet, has been with the Western Australian government raised a royalty agreement,supra, this agreement will contribute to the extension of the two combined process,.The Australian iron ore giant BHP and Rio venture plan long time face from the Australian and European antitrust review.
Yesterday, according to foreign media reports,franklin marshall, the German Enterprise Management Bureau (GCO) and the Australian Competition and Consumer Commission (ACCC) 21 Daily said, they have extended the application combined with Western Australian mining giant Pilbara iron ore business review time.
The GCO program in October 31st before deciding whether to approve the establishment of a joint venture deal, the German antitrust orgnaization says,louboutin pas cher, need more time to analyze market,franklin marshall.At the same time,abercrombie france, the Australian government will also be in July 22nd before the joint venture enterprise application for assessment, reason is two companies in early 6 to file the necessary information,sac lancel.
The European Commission also in joint ventures are reviewed,louboutin, but not on the examination schedule comment,louboutin, "said the investigation continues".But also in yesterday, two extension on its official website announced,, has been with the Western Australian government raised Pilbara mining area use rate increase to reach an agreement,louboutin pas cher, whereby the powder iron ore values of 5,air jordan.
625% and 7.5% of the value of the piece of iron ore,sac longchamp, the standard rates will begin in July 1st this year to implement.Joint venture project is in the area of Pilbara,louboutin, the extension of the two claims,, the agreement will help promote joint venture,louboutin pas cher.
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