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The resemblance was noted by a jocular English visitor.

Politeness is less observed today than it used to be.

First , if an aggregate liquidity imbalance materialises , the banking system as a whole either has too little or too much liquidity relative to the aggregate reserve requirement .

The first article examines developments in measured inflation and inflation perceptions in the euro area .

It was the closest observed supernova since SN 1604, which occurred in the Milky Way itself.

Timidity of the type witnessed in the past five years will only increase the risks.

The prevailing theory, cosmic inflation, does a good job explaining the observed flatness, homogeneity and isotropy of the Universe, as well as the absence of exotic relic particles (such as magnetic monopoles).

Evidently, it emits a gravitational force whose effect on other celestial bodies is measurable.

If this neutrino radiation could be observed, it would be a window into very early stages of the Universe.

Overall , developments in financial markets over the reference period suggest a mixed assessment .

Non Japan Asia 's economic performance was robust in 2003 , consolidating the recovery in 2002 .

The question therefore remains as to how to explain the persistence of the gap between perceived and actual inflation .

Encouragingly , accession countries have

Given this uneven pattern , it is more appropriate to look through the quarterly volatility and to compare growth developments on a half yearly basis .

The domestic activity in the Netherlands is primarily driven by the securitisation of mortgage loans granted by MFIs .

On March 4 12, 1987, it was observed from space by Astron, the largest ultraviolet space telescope of that time.

It also noted that the Environmental Management Authority (EMA) had been contacted to investigate the contaminant observed in the river.

Over the second half of 2001 , long term bond yields did not decline further , reflecting market participants increasing concerns about the high level of issuance , and lowered credit ratings , of Japanese government debt .

The upward movement in the inflation rates , which began in spring 1999 , continued into early 2001 .

The moderation in economic activity observed since mid 2004 is partly related to the rise in oil prices .

In more detail , the decline in external price pressures observed during 2009 is expected to reverse in the near future , reflecting mainly the assumed path of commodity prices but also a pick up in competitors prices . Turning to domestic price pressures , wage pressures have fallen markedly in the course of 2009 , in 2

Initially , real GDP growth in the EU followed the pattern of subdued developments also observed in early 1996 .

All in all , the extent of inflation dispersion observed at present in the euro area is not notably different from that in the United States .

(c) Developments observed with regard to the status of women in areas such as education, training and health

Actual developments so far indicate that there have been no substantial general price increases resulting from the euro cash changeover .

In line with developments since mid 2004 , monetary and credit growth in the euro area remain strong .

Growth in total employment is projected to rise somewhat over the horizon , in line with more favourable developments than recently observed .

The decline seen in euro area GDP reflects an abrupt retrenchment in exports stemming from the collapse in world trade .

On average , the unemployment rate was 0.4 percentage point higher in 2003 than in 2002 .

Mare Erythraeum is a very large dark dusky region of Mars that can be viewed by even a small telescope.

Following favourable developments in 2006 , total employment is projected to continue to grow steadily over the projection period .

In the EU accession countries , the decline in growth in the course of 2002 was limited .

The standard deviation of daily changes in the EONIA was 14 basis points , 2 basis points higher than in 2002 . 5 From 10 March 2004 a reserve maintenance period no longer lasts one calendar month , but instead varies in length .

The data up to June indicate that , after expanding for a few months earlier in the year , the size of banks overall balance sheets has not increased further .

4C 37.11 or Galaxy 0402 379 is a radio galaxy and elliptical galaxy featuring binary supermassive black holes with the least separation of any directly observed binaries, as of 2006.

In some euro area countries there is still a gap between inflation as perceived by the public and that actually measured an issue addressed in Chapter 3 .

This was largely a result of base effects from developments in indirect taxes and administered prices in some countries .

However , empirical evidence has shown that this factor contributes relatively little to the inflation dispersion observed in the euro area .

The moderation in monetary and credit aggregates indicated that the risks to price stability stemming from the monetary side were becoming more balanced .

Actual monetary developments are likely to be weaker than the underlying pace of monetary expansion , owing to the downward impact of the rather steep yield curve .

Overall , the combination of the aforementioned factors suggested that the strong monetary dynamics in 2001 were not to be overemphasised .

Following the strong contraction in activity at the turn of the year , real GDP declined only slightly in the second quarter of 2009 .

The strong appreciation of the US dollar against several other currencies in 1999 and 2000 had a marked dampening impact on import prices in Lithuania .

In addition , the appreciation of the euro , witnessed since the spring of 2002 , was expected to dampen consumer price inflation over time .