International reserves of the Eurozone

Global Foreign Exchange Reserves during the year 2007
International reserves (NIR) of foreign currency deposits are controlled by the Central Bank and other monetary authorities, the international reserves of the Eurozone in 2007 exceeded 483 billion U.S. dollars, these reserves provide confidence to foreign investors and improve the qualifications of countries worldwide.
The international reserves of the Eurozone are one billion euros less than that of China, 500 billion less than that of Japan’s international reserves. The international reserves of the Eurozone are 20 billion dollars higher than those of Russia, 100 thousand dollars higher than the international reserves of India, double bookings countries like Brazil and Singapore, more than triple Booking USA and Australia, four times the reserves that Canada, Argentina and Venezuela.

INO News
(RTTNews) – The producer prices in the euro area, the main annual decline in 10 years, signaling the risk of deflation in the economy. At the same time, retail sales registered a record fall in February as rising unemployment, reduced consumer spending.
Gulf Times
Britain clashed with its partners in the European Union yesterday on an ambitious reform of financial supervision that would undermine its sovereignty in regulating the largest financial center blocks .
Sin Chew Jit Poh
LONDON: Asian and European stocks rose Thursday as dealers hoped the G20 summit, a plan for solving the global financial crisis, while positive U.S. economic data also reinforced the confidence, traders said.
The Conference Board
The Conference Board Leading Economic Index (LEI) for the euro fell 0.3 percent in February to 92.9 (2004 100), after an increase of 0, 9 percent in January and a decline of 1.7 percent in December.

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