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April 12, 2010 - ,

EcoTV April 2010 – OECD countries and their high public debt, difficulty in exiting the financial crisis for Bulgaria and Romania and what to expect from the ECB… All in video

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The webTV for BNP Paribas economists, is presented by the journalist Gaëlle Copienne. On the agenda every month is Philippe d’Arvisenet, Director of Economic Research; as well as two interviews regarding the top headlines in the international economic world.

This month, the three subjects are:

Why is it important to initiate a consolidation in public finances?
Philippe d’Arvisenet, Director of Economic Research

“ […] Well there are lots of risks with that situation. One of them is if we supposed the situation normalizes that households and corporate will going back to more indebtedness. At that time their demand for debt would conflict with the demand from the government sector. […] ”

Bulgaria and Romania: Difficult exit from crisis
Alexandre Vincent, OCDE Economist

“ […] Both countries have been hit hard by the crisis: GDP contracted last year by 5% in Bulgaria and 7% in Romania. In fact, for the last two years, credit has slowed down strongly, acting as a drag on the domestic demand. […] ”

Employment, inflation and monetary policy for the eurozone
Clemente de Lucia, OCDE Economist

“ […] Labour market variables follow activity with some lags. Firms take some times to adjust their labour force to the business cycle. Therefore, even though GDP has begun to grow again, albeit at a moderate pace, labour market conditions are likely to continue to deteriorate, albeit at a slower pace than in previous months. […] ”

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About …
The Economic Research department at BNP Paribas economists in the banking service and its clients from the principle financial markets worldwide. The website, regularly proposes different publications: macroeconomic analysis, the OCDE country's monetary and finance, Country risks from emerging countries and the evolution of the financial and banking world.