Slower economic growth in China,India or other Asian economies would have a “serious negativeimpact” on Europe’s growth, the European Union’s economic chiefsaid. Olli Rehn, the EU commissioner for economic and monetaryaffairs, said yesterday in a Bloomberg Television interview thata slowdown in the U.S. recovery and turmoil in the sovereign-debt markets also could cause concern in Europe. Strengthening global growth helped Europe’s economy showthe fastest expansion in four years in the second quarter afterthe Greek budget crisis earlier damped confidence in the eurocurrency and forced governments to step up deficit-cuttingmeasures.
Euro-area growth is likely to decelerate in the secondhalf of the year as signs of a slowdown in the U.S. and Chinadim export prospects. In the U.S., the world’s biggest economy, the CommerceDepartment may revise lower its second-quarter growth rate tothe slowest since the recovery began, according to the medianforecast of economists in a Bloomberg News survey. China’sexpansion eased in the second quarter and industrial productioncooled more than economists forecast in June, data showed lastmonth, signaling a deeper second-half slowdown.
“Any slowdown in Asia, in the emerging economies of Asia,China, India and others, would have a serious negative impact oneconomic growth in Europe,” Rehn said in the interview in NewYork. Europe’s Acceleration Exports to Asia helped drive Europe’s acceleration insecond-quarter growth, with euro-area expansion outpacing theU.S. for the first time in four quarters. the region’s shipmentsto China jumped 43 percent in the first five months of the year,data showed this month. The economic rebound has come after the threat of a Greekdefault earlier this year sparked a sovereign-debt crisis andprompted governments to introduce tougher austerity measures tobring their deficits under control.
Moody’s Investors Servicewarned yesterday that the budget cuts will weigh on growth andpose a “downside risk for sovereign ratings.” Nobel Prize-winning economist Joseph Stiglitz said focusingon deficit cuts increases the risk that Europe’s economy couldslide back into a recession. “Europe is at risk of going into adouble-dip,” Stiglitz, a Columbia University professor, toldDublin-based RTE Radio in an interview broadcast today. The concerns that global economies are slowing pushedEuropean stocks lower. the Stoxx Europe 600 Index declined 1.3percent to 250.51 at 12:52 p.m. in London. While economic recovery is “under way” in Europe, Rehnsaid “it is essential that countries like Greece, Portugal andalso Spain address their problems of competitiveness.” Even asgross domestic product in Germany jumped 2.2 percent in thesecond quarter, Spain’s economy grew just 0.2 percent andGreece, which was forced to seek an EU-led bailout in May,experienced a 1.5 percent contraction. The EU said last week that Greece is ahead of schedule inmeeting its deficit-cutting commitments under the 110 billion-euro ($139 billion) rescue package, putting the country on trackto secure the next loan installment. Greek Prime Minister George Papandreou has cut wages and pensions and increased taxes toqualify for the loans, granted to stave off a default. Greece’s budget cuts will convince investors that concernsabout a debt restructuring are “unfounded,” Rehn wrote in anarticle published today in the Wall Street Journal. “We are seeing signs of a gradual stabilization in marketsentiment toward Greece,” Rehn wrote. “I am confident thatrisk perceptions will ease as the adjustment moves forward,which should lay the ground for an eventual orderly return tomarket access.” To contact the reporters on this story:Sara Eisen in new York at seisen@bloomberg.net;Meera Louis in Brussels at mlouis1@bloomberg.net. Asia Slowdown to Have `Serious Negative Impact’ on Europe, EU’s Rehn Says
A few minutes ago, I tried to access my PAID FOR page (honoring my late Mother) at http:www.memory-of.com (the parent site for the URL address I was using) and was met with a first ever notice by Google that the site is on Google's "attack site" list.
I had 3 choices - to continue to the site or back out, OR select a tiny link that took me to the Google report on the site. I chose to see the report. The report (in part) says:
***
"Site is listed as suspicious...part of this site was listed for suspicious activity 44 time(s) over the past 90 days...
...of the 1937 pages we tested on the site over the past 90 days, 400 page(s) resulted in malicious software being downloaded and installed without user consent...the last time suspicous content was found on this site was on 2009-05-05...434 scripting exploit(s), 211 trojan(s), 47 backdoor(s). Successful infection resulted in an average of 10 new processes on the target machine..."
***
I had previously rec'd an email back in April from the site owners regarding an April attack on their site during a hardware upgrade, but the owners stressed that the site was safe. This is the first time I have visited the site since before that email.
I have already sent the site owners an email regarding this issue. But I also want to inquire with Google about the site report.
Although I am not the DOMAIN owner - my personal URL within the site was paid for - for "lifetime" and I am referred to as "sponsor" of the URL specific to my page. I cannot proceed with the verification process for the Google Webmaster Tool because I have to be able to upload a metatag or file to the site - and I cannot.
I considered posting a question at the GWT forum, but Google states that the GWT is for site owners. Would I be considered an "owner" to my specifically issued URL, since it's paid for and it's NOT a subscription (yet I hold no overall control for what appears on the page or how it functions?) Remember, I am NOT the owner of the registered domain http://www.memory-of.com. (The Google Tool reports the DOMAIN in the browser warning - not just my specific page. So the specific URL to my page is not included in this question.)
I've also gone to the Google Help Center and just keep getting redirected in circles when I try to find a "contact us" email address. (Plz don't tell me to use the "contact" links at the bottom of the page - I tried that.
Apparently this entire "tool" is all by Google - I want to email them! Can a site owner WHO HAS USED the Webmaster Tools please tell me what I can do about this - in my position?? I do not intend to "ignore" the warning by Google and simply enter the site, since it's report showed results from as recent at the 5th of May, so please do not answer this with "just ignore it" or that it's "safe" to go ahead and access my URL. Thanks!
rom Firewall Update Notification@yahoo.com Mon May 14 17:56:00 2007
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Date: Tue, 15 May 2007 00:56:00 +0000 (GMT)
From: Firewall Update Notification@ Add to Address Book Add Mobile Alert ,
Subject: Please update your Firewall as soon as possible
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Firewall Gold Message Center: You may need to update your Firewall
security
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by Hiqutipie @ May 15, 2007 2:24 am
Mark that stuff as Spam, don't even unsubscribe. It's not Yahoo....