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Editor: Matthew Gannon
Bostonist is a website about Boston. More
Editor: Matthew Gannon
The new kid on the rails, RegioJet, has only been up and running since
Monday, but already it’s confirmed its interest in expanding. At present
the sole rival to state-run Czech Railways is competing only on the
Prague-Ostrava line; as of Friday the Student Agency subsidiary has upped
its ante to take over the running of half of the long-distance EuroCity and
InterCity trains on the Prague-Brno-Břeclav line. Student Agency wrote the
Ministry of Transportation on Thursday that it would like to operate the
service from December of 2012 and will not by looking for state subsidies.
Later the company envisions operating all EuroCity and InterCity trains as
well as express trains in the country, adding that it would save the state
hundreds of millions of crowns a year.
Sazka, the bankrupt lottery giant, was sold by tender this week to two
financial groups, PPF and KKCG, the former owned by world’s-richest-Czech
Petr Kellner. Not by any means was everyone happy about the agreement, with
some creditors calling the tender method downright illegal. The Penta
group, which boycotted the tender claiming it was illegal, offered five
billion for Sazka outside of the competition and wants to contest the
decision in court. According to the bankruptcy register, the bank Česká
spořitelna in fact did sue for the tender to be cancelled, arguing that
the contract between PPF and KKCG and the creditors’ board would not be
valid as the creditors should not vote on their own affairs, and PPF and
KKCG are both creditors. The Municipal Court of Prague tossed out that
idea, and subsequently blessed the new marriage with the financiers. PPF
and KKCG offered the highest bid for Sazka, at 3.81 billion crowns.
The government approved its strategy for competitiveness in the years 2012
to 2020 this week, which was prepared by the Ministry of Industry. The
strategy aspires to put the Czech Republic among the twenty most
competitive countries of the world in that time. That aim comes after a
slump that set the Czech position five slots back on the list of the World
Economic Forum to 36th place. The plan relies on no less than 43 projects
covering more than 200 specific measures to be taken, based on the
recommendations of multinational institutions and the government’s
National Economic Council. Among the main pillars of the strategy are
improving the effectiveness of institutions, high-quality infrastructure
and an innovation-driven economy. Trade unions and employers have approved
The Czech National Bank announced this week that the country’s foreign
debt had increased by 32.2 billion crowns in the second quarter of 2011 to
nearly 1.8 trillion, i.e. 48.1% of gross domestic product. Year-on-year,
that marks an increase in foreign debt of 65.7 billion that was seen across
the board in all sectors of the economy, but most in the corporate sector.
Foreign liabilities with maturities of longer than one year accounted for
72.8 percent of the total foreign debt in Q2, which analysts say means the
debt structure remains favourable. Growth in external debt was particularly
apparent in banking liabilities, the central bank said, with that sector
accounting for 25.4 percent of the total debt.
The Czech economy grew faster last year than previously estimated. A
revision of the national accounts carried out by the Czech Statistical
Office shows growth of 2.7 as opposed to the previously announced 2.3%. The
revision goes all the way back to GDP data for 1995 and is the largest to
take place since that time. Part of the reason for the alterations and the
sometimes large modifications is the transition to new economic classifiers
issued by the European Commission, which call for the calculation of
“grey market” sectors, namely prostitution, smuggling and narcotics.
Until now, the statistics office had only included estimates from
prostitution and tobacco smuggling. The share of those, grey, factors in
the GDP jumped from 5.8% to 7.3% after the revision. The next
extra-ordinary revision will be in 2014.
Article source: http://www.radio.cz/en/article/142104
4.9/5.0 (13 votes total)
by Brian Easter
September 30, 2011
About Brian Easter
Brian Easter is one of Nebo Agency’s founders and is driven by two things: a love of interactive marketing and a duty to bring home the bacon-flavored tofu (AKA dog food) for his two dogs. While he does enjoy the simple pleasures in life, such as driving his car as fast as possible on the interstate while his passengers cower in the backseat, his true passion is helping clients make the most of the web.
Article Contributors included:
Kevin Howarth, Director of Content Marketing @ Nebo Agency
Kimm Lincoln, Director of Search Engine Marketing @ Nebo Agency
Emily McClendon, Director of Search Engine Optimization @ Nebo Agency
Laura Rabushka, Digital PR Strategist @ Nebo Agency
has written 41 articles for PromotionWorld.
View all articles by Brian Easter…
I love SEO, don’t get me wrong. When compared to other mediums, SEO consistently brings the most cost efficient website traffic time and time again. However, too many SEO people tend to view SEO as the business and/or brand strategy, not a medium or marketing campaign that supports the business. They think the tail wags the dog so to speak.
It’s easy to view SEO campaigns through the lens of links, link value, keyword density, etc. Someone says something like, “We need an infographic!” And when you ask, “To communicate what message or thought?” they tend to say, “I don’t know, but infographics are really a good way to get links.” Really?! Great content gets links. Great content creates buzz. Great content gets shared. Bad content, which proliferates on the web, doesn’t; regardless of its form. It’s the equivalent of spam. It’s pointless, and can hurt a brand more than help it.
Regardless of your SEO strategy, and the tactics that stem from it, it’s important to craft your approach to stand the test of time. Below we explore 5 strategies that should serve as your philosophical foundation for SEO.
Be a Marketer First
SEO is simply a tactic. Period. Too many SEO firms and businesses have looked past this simple fact. The goal isn’t SEO, it’s marketing. SEO is just one of the tools in the toolbox (albeit an effective one).
To stand the test of time, all SEO efforts should be viewed through the lens of good marketing. That means understanding your brand and your customers. Analyze your competitors, and what they are doing with SEO. Articulate the overall message you’d like to communicate with a specific target market or markets. Consider what your target market cares about. What are their behavioral motivations? And ultimately, determine what actions you would like your target audience to take once they find you.
Don’t skip over strategic thinking and jump right into SEO. Tactics that work today may not work tomorrow, but good marketing endures. Don’t chase the proverbial winds of the Google algorithm, but rather keep in mind Google’s ultimate goal – relevance. If your SEO efforts are well thought out and designed to support your content and brand, your campaign will generate reliable results. If not, your rankings will fluctuate and you will ultimately pay the price.
Focus on Crawlability
If the search engines can’t crawl your site, then you won’t rank. You may have good content, a perfectly implemented long-tail strategy, and super social media integration. That’s great, but all are irrelevant if your site can’t be effectively crawled.
To maximize crawlability, you should constantly and consistently manage every aspect of your web presence. A well developed content strategy plus search engine savoir-faire combined with some good, old-fashioned common sense equals the perfect equation for crawlability.
Optimize Your Entire Digital Footprint
It’s easy to focus so much on your keyword footprint that you fail to heed your more important digital footprint. Many activities can be overlooked if you’re only focused on playing with analytics every day. That means paying attention to your presence on social media (Facebook, Twitter, LinkedIn, YouTube, etc.), engaging in conversations with other bloggers and content producers, and optimizing all news, press releases, video, social media, and images.
Achieving the goal of expanding and optimizing your digital footprint requires building your online presence off-page. Look for social signals that go beyond link building. Examine the quality of social mentions, relationship building (blog comments, gradual increase in Twitter followers, Facebook fans, etc.), and real human interactions with people on sites where their recommendations (via a link, reference, or publication of your content) will truly elevate you in the eyes of Google and those searching for you online. Think big picture.
Create Great Content
Don’t use the word viral – ever. I’m personally against the death penalty, but I’m fairly sure I’d euthanize the next person who says they want to create viral content. However, you can create compelling, useful content for your audience that may have a tendency to be read and shared.
Creating great content is even more important after Google’s Panda update earlier this year. Before this update, you could get away with low-quantity content that was friendly to search engine queries. No more.
As long as you can answer these three questions, you’re on the road to creating great content that search engines will love.
Engage and Add Value
Years ago, the idea of engaging your market and adding value seemed rather touchy-feely and something that was nice-to-have. Not anymore. Marketing is a two-way conversation, not a one-way broadcast. Engagement creates visibility and helps spreads your brand online.
If you’re still relying on traditional marketing practices without thinking about engagement, you’re missing a critical opportunity to reach your target market. If you want to get nowhere with your SEO efforts, rely on brochure-like websites without interactivity, press releases without social media optimization, or cold calling and pitching online publications without a personal or social media relationship. In the meantime, your competition will be winning new business and prospects by engaging their prospects online with interactive websites, distributing press releases and other content that get many comments and “likes,” and having online conversations with peers, media, and industry thought leaders. Be a human first and foremost, provide value by becoming a resource to others, and always think long-term.
Conversions aren’t everything. Sure, SEO strengthens digital presence, which attracts users and builds brand, generates sales, and ultimately makes you money. But, if you want to be more than mediocre, you can’t think in terms of short-term success. Never rely on one quickie tactic (Twitter could be obsolete in five years) – but if you remember to always be a marketer first, think long-term, add value, create good content and be on-top of digital strategies, you will be an unstoppable force.
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Contact Info: Wildnet Technologies Pvt Ltd
F-314 Sec-63 Noida(UP)
Phone no-0120-4533500 or + 91 98105-11550
Company: wildnet technologies
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Article source: http://www.addpr.com/articles/business/89507.html
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DETROIT — No matter how good the team is, no Major League Baseball squad finishes the season with the exact same makeup it started out with.
It’s natural selection, applied to the sports world: Evolve or die.
So it’s no surprise that the Tigers will have a much different lineup on the field for the first game of the playoffs this weekend than the one that took the field at Yankee Stadium to start the 2011 campaign 26 weeks earlier.
The Tigers have evolved in-season, and come out better for it.
In almost magical fashion, over the course of slightly more than a year, the Tigers have taken the majority of their weaknesses — the No. 5 starter, the middle of the bullpen, shortstop, No. 5 hitter, catcher — and transformed them into strengths.
To manager Jim Leyland, he discounts any notion of a magical transformation, laying the credit right at the feet of his general manager for getting him the proper pieces to finish the puzzle.
“All along, we’ve had a good team. We’ve had a lot of nice pieces. I think if you want to talk about something working out, really you’ve gotta send some bouquets to Dave Dombrowski. You know, a couple of years ago, we wanted some guys, it didn’t work out. This year, it wasn’t magic, it was good, hard work on Dave’s part, the guys we picked up worked out. And we had a good nucleus to start with,” Leyland said.
“We’re a better team than we were. If we had the same team that we were in April, May, I don’t know that we’d be 25 games over .500.
“I think we still could’ve won the Central division, but I don’t know that we’d be 25 over. There’s no magic about it.”
As much as anyone, the credit for building the first division winner in 24 years has to be given to Dombrowski who came into the season as a lame duck, in the final year of his contract. At this point, you can’t argue that he hasn’t earned his mideseason contract extension.
In fact, you could argue that — along with Arizona GM Kevin Towers and Tampa GM Andrew Friedman — he should be one of the leading candidates for Executive of the Year.
Let’s look at a few of the moves he made that worked out:
On the same day in late November the Tigers inked set-up man Joaquin Benoit to a free-agent deal — one of the biggest contracts ever for a reliever who is not a closer — they also signed some guy with a cartoonish-sounding surname to a Major League contract: Alberto Alburquerque.
No one expected Benoit to put up the video-game numbers he had with the Rays last year — and he hasn’t — but he worked through a rough patch early to become the “unsung hero” of the bullpen, according to Leyland, setting the table for Jose Valverde, who’s been MLB’s best closer this season.
Those two are the reason the Tigers are 75-0 when leading after seven innings.
But the rookie Alburquerque has been the surprise glue to hold the middle innings together, sliding right into the big leagues (pun intended) like he’d been there for years. He’s best among all AL relievers in batting average allowed (.145), strikeouts per nine innings (14.03) and hits per nine innings (4.46).
If not for a rash of bad luck and injuries midseason, he’d probably be getting some consideration for Rookie of the Year.
“That credit goes to (assistant GM) Al Avila. I didn’t even know who Alburquerque was, to be honest with you. He was a guy that we signed as a six-year free agent, told me he had a great arm, blah, blah, blah, but I didn’t know him,” said Leyland, who wasn’t even sure in spring training how much the rookie would be able to harness his command.
Offering him a big-league contract was the reason the Tigers were able to lure him here, too.
Three days later, the Tigers signed Victor Martinez to a big-money contract, knowing they were getting a professional hitter to plug in at designated hitter, and protect cleanup hitter Miguel Cabrera in the batting order.
And the four-year, $50 million deal may have been a bargain, considering that the Tigers got both a guy who’d knock in 100-plus runs, making opponents pay for avoiding Cabrera, but they also got the unquestioned leader of their clubhouse.
“(The effect is) not necessarily just on Miggy, no. The effect you see on Miggy’s the effect you see on the whole clubhouse. He lightens the mood in everybody in here. He’s been an integral part, not just on the field. Obviously, we’ve all seen what he is on the field,” said ace Justin Verlander, who noted it didn’t take long for his influence to be felt.
“Not long. He’s just got that kind of personality, real open, real jovial, light-hearted, infectious personality.”
n A few weeks earlier, the Tigers had inked veterans Brandon Inge, and Jhonny Peralta to new deals, hoping that they’d solidified the left side of their infield for the next two years. They’d add a one-year deal for Magglio Ordonez in December and a two-year deal for Ryan Raburn in January.
In the cases of Peralta and Ordonez, the club declined contract options, enabling them to re-sign both on more cost-effective deals.
Considering he was acquired from the Indians at last year’s trade deadline for a marginal prospect, Peralta has been a bargain-and-a-half for the Tigers, locking down a shortstop position that had been in flux ever since Carlos Guillen began to slow down, contributing 20 home runs and 80 RBI.
The other three? Well, more on that later.
In mid-January, the Tigers traded Armando Galarraga to the Diamondbacks, after signing veteran Brad Penny — coming off a few injury-plagued years — to a one-year flier of a contract replace him in the rotation.
As rocky as Penny’s season has seemed, he’s been every bit worth the $3 million the Tigers paid him.
“We signed Brad to give us innings, and hopefully win 10 games. He gave us a little more than that. He gave us a lot of innings (181 2/3). We kept him healthy all year, and I’m proud of that, and he got 11 wins. That’s pretty good for the guy that we signed to be our fifth starter,” Leyland said.
Like the skipper said earlier, that made the Tigers a good — but not great — team, one that was in contention for the division crown as early as June, but one that wouldn’t pull away from the competition until August.
You know, after the trade deadline.
That’s when Dombrowski really put his stamp on this season. And he did it by admitting there were some things that hadn’t worked out like planned.
Ordonez, coming off ankle surgery, wasn’t ready to be his old self early in the season, spending some time on the disabled list. Raburn wasn’t ready to be an everyday player, fitting more and more into a utility role as the season wore on, taking much of the playing time at second from youngsters Will Rhymes (demoted) and Scott Sizemore (traded), neither of whom had worked out, either.
Left-handed reliever David Purcey, acquired from the A’s in the trade for Sizemore, didn’t work out either, and was designated for assignment.
The conversion of Phil Coke into a starter failed on two fronts, as it weakened the bullpen and provided very little for the rotation. Midseason, he was moved back into his comfort zone.
And Inge — the longest-tenured player on the Tigers — had struggled so mightily with the bat that the team had been forced to trade for Wilson Betemit, and offer Inge the ego-swallowing option of accepting an assignment to Triple-A, or an outright release.
Had Dombrowski been stubborn, dug in his heels and insisted his blueprint had been right, the division title would have been far more difficult to come by.
Instead, he addressed each and every one of the flaws.
His coup-de-grace was when he sent four prospects to Seattle for a starting pitcher with a 3-12 record in Doug Fister, and a reliever in David Pauley who had just as many wins at the time.
It was the sports equivalent of breaking a champagne bottle over the prow of a ship at launch, as the Tigers merely took off from there.
“You know what? Everybody’s jumping on that wagon now. We felt we did a good job with our scouts and our organization, coaches, of picking a guy that we thought would really help us. But to think that he’d be (this good), that’d be a lie. We had no idea. I’d like to say we looked into a crystal ball, and knew it,” Leyland said of Fister, who went 8-1 in 10 starts for the Tigers, with a 1.79 ERA, dredging up memories of the 1987 trade for Doyle Alexander (9-0, 1.53 ERA).
The difference? Alexander was 36, and out of baseball two years later. Fister is 27 and under team control until 2015. And Charlie Furbush probably isn’t John Smoltz.
“Up to this point, we’ve caught lightning in a bottle,” Leyland said. “But we really like him. … Truthfully, you’ve gotta credit your general manager, because I like a lot of guys, but you can’t always trade for him. He pulled it off.”
That, too, brings up a valid point.
The moves that Dombrowski DIDN’T make are almost as impressive in hindsight.
Everyone wanted the Tigers to sign Adam Dunn for the spot they gave to Martinez. To say Dunn has been a colossal disappointment in Chicago is an insult to understatements.
And Ubaldo Jimenez — who may have cost as much as two members of the Tigers’ current rotation, as well as prized prospect Jacob Turner — hasn’t exactly panned out too well for the Cleveland Indians, who gave up a boatload to get him.
The irony was that Fister and Jimenez faced off in Monday night’s game. The Tigers were fighting for home-field advantage, while the Indians were aiming for a winning record.
Dombrowski’s acquisition of Delmon Young in a waiver trade in mid-August — within days of Brennan Boesch’s suffering what was eventually a season-ending thumb injury — was tantamount to highway robbery. It allowed Leyland to plug into the third spot in the order a guy who’d been in the MVP conversation as recently as last year.
It’s hardly the first time Dombrowski has tried to boost his team’s playoff chances in his tenure in Detroit.
He traded for slugger Aubrey Huff and starter Jarrod Washburn in 2009, and failed miserably with both. Huff hit .189 with 13 RBI in 40 games down the stretch, while Washburn won just one of eight starts before being shelved by a knee injury that eventually ended his career.
“Sometimes things work out, sometimes they don’t,” Leyland admitted. “You always try to make good decisions. Sometimes, it’s like (former Pirates manager) Chuck Tanner used to say: It really wasn’t a bad decision, it was just one that didn’t work out.”
This year, they’ve all worked, to some extent.
And that’s why the Tigers are packing for the postseason for the first time since 2006.
Matthew B. Mowery covers the Tigers for The Oakland Press. Email him at firstname.lastname@example.org and follow him on Twitter @matthewbmowery. To get updates on the team sent to your phone, text the keyword “Tigers” to 22700.
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Posted on September 30, 2011 in Business/Law
Making money online is most likely the aim of every entrepreneur, and one of the most helpful methods of earning cash online is to work with Google Adwords. But, to make the most of what Adwords provides, you must have a firm comprehension on the right way to manage a highly effective Google adwords marketing campaign.
The initial step you need to take is to figure out everything you can about Adwords. That means you must invest a great deal of energy in exploring Adwords, and you might think of choosing an Adwords training program or buying an Adwords manual.
Let us discuss 7 tips that will let you boost your Adwords sales:
1. When you have an in-depth understanding of Adwords, look into just how much you can afford to commit at first to bid on search phrases. Establish a budget that you are comfortable with, and adhere to it. As soon as you drive more customers to your Site and, in return, make larger sales and profits, you might like to raise your limited budget. In the meantime, however, simply bid what you can easily afford to fork out.
2. Discover how to employ keywords to maximise your investment. Your primary keyword or search phrase really should be in the heading of your ad, within the ad itself, and in the content on your Website.
3. Your offer must be interesting and get the imagination of your prospective clients. Illustrate to your potential customers Just why they should click on the link and visit your Site. Just remember, the objective is for prospective customers to click on your advert. Design a landing page in your website that is specific to the google adwords campaign for the best results.
4. Your Web page must feature related information that is beneficial to your target audience. When prospective customers click the link to your Site, they wish to locate content they really want and can use.
5. Always keep tabs on the competition. You have to know just what your opposition are doing, in order to be certain with what you have to recognize to remain ahead of them.
6. Utilize a variation of search phrases, including commonly misspelled phrases. Simply by using a wide variety of keywords, you’ll get through to an increased audience.
7. Split test your adverts. This suggests you need to start and manage two adverts simultaneously. These ads should be very similar to each other. Run these for a month and just remove the one that isn’t performing as well. Afterward split test a brand new campaign with different key words. Keep this process until you have a nice collection of ads that perform well.
If you apply the right techniques, you should notice a rise in targeted traffic to your Site that can, subsequently, improve overall profits.
Once more, you need to only bid as much as you can snugly manage. Purchasing keyword phrases ahead of developing an extensive understanding of what to prepare for could end up costing you an excessive amount of hard earned money, so ensure you do your homework before you bidding and placing ads.
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VINELAND — Hangar 84 is hosting a rock ‘n’ and roll fantasy camp for adults.
The six-week camp starts Oct. 3.
Participants will join a band, design a logo, learn to write a song, and perform the song for family and friends at the end of the session. The venue invites participants to bring their own instrument.
Tuition is $200 and includes a shirt, audio CD, snacks and drinks.
Hangar 84 is at 20 S. Sixth St. For information, call (609) 319-5423.
VINELAND — Colonial Bank FSB has appointed Thomas T. Moy as vice president of internal loan review.
Moy has more than 30 years of experience in the banking industry in the public and private sectors.
“Tom’s extensive regulatory experience in banking is a major asset” for Colonial Bank, President Ed Geletka said.
Moy’s “diverse skill set and distinguished reputation” will ensure Colonial Bank’s compliance with safety and soundness needs “are not only met but exceeded,” Geletka said.
Moy’s most recent position was chief financial officer and corporate secretary of RomAsia Bank in Monmouth Junction, where he implemented and administered the investment and general ledger accounting systems. He also was responsible for managing all investment transactions, including a diversified $65 million portfolio.
Moy’s experience also includes more than 25 years as an examiner at the Office of Thrift Supervision in Jersey City.
Officials say Disaster Unemployment Assistance is available to self-employed residents or individuals who worked in New Jersey but became unemployed as a direct result of Hurricane Irene.
The application deadline for assistance in South Jersey is Oct. 7. Unemployment insurance claims filed after the deadlines may be ineligible for payment.
The assistance is designed to cover such people as artists, farmers, farm workers, freelance writers and photographers, and others who normally would not be eligible for unemployment insurance.
The first step is to file for unemployment insurance benefits by calling a state Re-employment Call Center in South Jersey at (856) 507-2340. If it is determined a worker is ineligible for unemployment insurance, the Disaster Unemployment Assistance program may pay benefits to those whose work has been lost or interrupted as a direct result the storm.
Only about one-third of chief executives of the nation’s largest companies expect to hire or spend more in the next six months, down sharply from about half who said so three months ago. The Business Roundtable said Thursday that only 32 percent of the CEOs surveyed said they expect to spend more on long-lasting equipment, such as machinery and computers. That’s down from 61 percent who said so three months earlier. The number of CEOs who expect to cut staff rose to 24 percent from 11 percent, the survey found, suggesting that layoffs could grow.
Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s the lowest rate since the mortgage buyer began keeping records in 1971. The average on a 15-year fixed mortgage, a popular refinancing option, ticked down to 3.28 percent. Economists say that’s the lowest rate ever for the loan.
Nokia Corp. on Thursday announced a further 3,500 job cuts by 2012 as it strives to save costs and restructure while its global market share falls due to stiff competition in the smartphone sector. Among the facilities Nokia plans to close is one in Malvern, Pa.
The number of people seeking unemployment benefits fell sharply last week. Weekly applications dropped 37,000 to a seasonally adjusted 391,000, the Labor Department said Thursday. That’s the lowest level since April 2 and the first time applications have fallen below 400,000 since Aug. 6.
A Tokyo-headquartered auto parts supplier has agreed to plead guilty and pay a $200 million fine in what the Justice Department said Thursday is an active investigation into an international price-fixing and bid-rigging cartel. Furukawa Electric Co. Ltd. and three of its executives, who also have agreed to plead guilty, conspired with competitors and as a result “automobile manufacturers paid noncompetitive and higher prices for parts in cars sold to U.S. consumers,” said Sharis Pozen, the acting assistant attorney general for the Justice Department’s antitrust division.
A federal judge ruled on Thursday that United Airlines can go ahead with changes in flying procedures that its pilots union had opposed because of safety concerns. United said it would implement the changes today as planned. The Air Line Pilots Association at United had said in a court filing on Monday that they weren’t given enough time to get used to the new procedures for situations such as what to do when caught in a strong wind gust, or which pilot handles which jobs in the cockpit.
MARKETS’ ATTENTION NOW TURNS TO TROIKA GREEK TRIP – Today three years ago, Ireland woke up to find that Brian Lenihan was guaranteeing Irish banking system. The bail-out guaranteed the state would honour all deposits and committed it to underwriting the €440 billion worth of bank borrowings.
Then, we thought the crisis was just about Ireland. But today lots of European banks are facing big solvency questions because of their exposure to Greek and other peripheral sovereign debt.
Yesterday there was a vote in the German parliament to increase the size of the euro zone bail-out fund.
Simon Derrick, chief currency strategist at BNY Mellon in London, said the German vote was good news, but the euro zone debt crisis was a long way from over.
He said there were question marks over whether Greece would meet it commitments, and about whether there was enough money in the EFSF rescue fund to help Spain and Italy.
Mr Derrick said German politicians had made it clear that the current position was as far as they were willing to go.
He said the main focus would be on what the troika said about Greece, and if it could receive its next slice of aid of October. Mr Derrick said some comments from Germany and Netherlands had indicated that there was a possibility of increased haircuts on private holders of Greek debt.
He said there was a good chance that the ECB would cut interest rates next week, despite higher German inflation figures this week.
CURRENCIES – The euro is worth $1.3513 and 86.78p sterling.
Article source: http://www.rte.ie/news/2011/0930/mibusiness-business.html