Europe Business News 2012, Europe Annual Inflation

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Europe Business News 2012

European Rescue Fund Rating Downgrade

January 2012
The credit rating S&P downgraded on January 16 the credit rating of EU's rescue fund ,EFSF, by one notch from previous AAA to AA+.
The downgrade follows previous downgrade of other nine EU countries on January 13.

ECB Cut Interest Rate by 0.25%

November 2011
The European Central Bank, ECB, cut on November 3 its key interest rate by 0.25%, from the previous 1.5% to 1.25%.
The cut by the new president Mario Draghi took by surprise most of the forecasts which did not expect such a quick move by the new president taking over from previous French Jean Claude Trichet.

Europe Annual Inflation

February 2011
According to Eurostat's newsrelease the annual inflation in the Euro zone was 2.3% in January 2011, up from 2.2% in December 2010.
The annual inflation in the EU was 2.7% in January 2011, same as in December 2010.
Among the EU member states the lowest annual inflation rates in January 2011 were recorded in Ireland (0.2%) and Sweden (1.4%).
The highest annual inflation rates were recorded in Romania (7.0% ), Estonia (5.1% ) and Greece (4.9% ).

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