Analysts were expecting the opposite, a deepening of the deficit.

Eventually Asia will find alternatives in part by deepening its own debt markets. nbsp

As the process of economic integration deepens, this concern remains and must be responded to.

Furthermore, promoting financial deepening and inclusiveness could accelerate private sector growth, creating more opportunities.

ROSMINI facing the industry and its customers the tax treatment of the hotel industry, which is of very great concern to operators the status that is going to be accorded to organizers of holidays for clubs, which make tourism accessible to section of the population with modest means and finally, respect for the environment and ways of life, without which there is reason to fear that tourism will eventually kill tourism.

In Latin America , positive output growth in the two largest countries ( Brazil and Mexico ) contrasted with the deepening of the economic crisis in Argentina .

As Europe s crisis deepens, the twin channels of financial and trade linkages have placed Asia s economies in a vice.

That, together with the Kingdom s deepening distrust of the US, is fueling a growing sense of isolation.

Overall, I consider the result to be thoroughly positive.

Deepening economic interdependence in the wake of Asia s 1997 financial crisis has not generated political momentum for peace and cooperation.

Meanwhile, the impact on German foreign policy of the country s deepening economic ties with Russia has been evident throughout the Ukraine crisis.

Another major point of contention is China s reflexive support for Pakistan s efforts to destabilize Ladakh and Kashmir, buttressed by deepening military cooperation.

On April 22, several journalists in Macedonia demonstrated against the threat to Jovanovski, linking the incident to the country's deepening political crisis.

Mexicans from all walks of life seemed concerned about spiraling violence, anemic economic growth, and the lackluster rule of the National Action Party (PAN).

The Treaty will be essential not only to the proper functioning of Europe s institutions, but also to their further deepening something that many call for without necessarily really wanting to achieve.

But, though regional and international actors are deeply frustrated by the further aggravation of the Middle East s problems, more pessimism will only make matters worse.

The aftermath of the August crisis may be the moment to think seriously about how to balance continued sanctions on North Korea with deeper economic and social ties.

It now seems absolutely necessary for the the Commission and the Council to take more serious interest in tourism and for an overall report to be drawn up, encompassing and developing upon all the partial wotk done on this problem in recent years by various of Parliament's standing committees.

Along with outward development and increase of opportunity, there should be inward development and deepening of our heart connections as well as our outward connections.

PIERRÔS (PPE). (GR) Mr President, the political and military aspects of the Gulf crisis are quite rightly monopolising our interest and arousing our fundamental indignation.

Moreover, a deep and prolonged recession implies vanishing support for reforms, as governments fail to convince citizens that current sacrifice will ensure a better future.

Are we going to preside over policy developments which will result in the strong becoming stronger and the weak becoming weaker or are we going to take the appropriate course of action ?

Deepening financial markets , fostering financial market integration , and promoting price stability are examples of policies that can indirectly promote the use of a currency abroad .

This opens up a new policy option for the West impelling North Korea to dial back its foreign and security policy by deepening its economic and social engagement with the rest of the world.

Though the conclusion of long negotiated gas deals between Russia and China may seem to reflect a deepening of the bilateral relationship, China extracted an exceedingly low price from Russia for the gas that it will receive.

Then there are those who believe that EU enlargement has prevented greater deepening, and who, with scant regard for the past or the future, argue that pursuing the latter requires abandoning the former.

But US efforts to avoid precisely such an outcome cannot be good news for the Chinese, either, given that they entail a deepening of the bilateral defense relationship and support for upgrading Japan s military capabilities.

The potential economic cost of a delay or a failure to achieve closer transatlantic economic integration could total hundreds of billions of dollars in addition to the incalculable damage done to America s credibility in Europe.

Asian economies deepening trade and financial integration has left them increasingly vulnerable to growth shocks from China, with exporters of commodities and capital goods especially vulnerable.

Moreover, QE probably will increase inequality. The rise in the price of stocks, bonds, and land will increase their owners wealth.

His forecast represented a simple extrapolation of two trends continued financial deepening worldwide (that is, faster growth of financial assets than of the real economy), and London s maintenance of its share of the global financial business.

Three years ago, the Commission on Legal Empowerment of the Poor considered ways of empowering the bottom billion by expanding and deepening the means by which they could pull themselves out of poverty.

These benefits are supporting other positive developments , which are unfolding gradually but persistently , including more trade in goods and services , and more financial integration , which in turn is spurring financial deepening and modernisation .

A more important issue, according to experts, is the drawing of EU funds on projects, which have hardly anything in common with strengthening the European integration, but which was pushed through by member states during a budget meeting.

Second, the correlations between economic growth and financial deepening on which I relied do indeed vanish when countries financial systems move beyond banks, electronic funds transfer, and bond markets to more sophisticated instruments.

In effect here I am addressing Mr Lannoye in particular the comparability study carried out by the Commission in regard to the new European test cycle and the American test cycle shows that the European cycle is more stringent than the American one combining, therefore, the figures proposed by the Committee on the Environment which are those in force in the United States with the European test cycle would make the standards proposed by the Commission even more stringent.

But the steep fall in the value of Italian and Spanish banks holdings of government debt, combined with mounting bad loans as a result of recessions exacerbated by punitive borrowing costs, is forcing the banks to rein in business lending further.

Deepening of the separation of powers, widening the autonomy of the judicial power from the executive and legislature ones, thereby consolidating the judiciary unity in the country and trying to ensure the independence of the Constitutional Court, the Court of Accounts and regulatory organs with an economic nature from the executive power.

We have, however, to voice a major reservation regarding the Council, the question of its structure and powers, as it seems to us that the failure to examine this issue in detail calls into question a major component in the European architectural complex.

Between euro area countries there is now more trade in goods and services , greater financial integration ( which , in turn , is spurring financial deepening and modernisation ) , and increasing foreign direct investment and cross border portfolio holdings , as well as sustained job creation in the euro area as a whole .

At the just concluded sixth ministerial conference of the China Arab States Cooperation Forum, held in Beijing, Chinese President Xi Jinping called upon his Arab counterparts to upgrade their strategic relationships with China, by deepening bilateral cooperation in areas ranging from finance and energy to space technology.

I believe these six factors the rise of the notion of population as human capital, the rise of Indian entrepreneurs, the rise of English as a language of aspiration, technology as something empowering, globalization as a positive factor, and the deepening of democracy has contributed to why India is today growing at rates it has never seen before.

Authorities are aware of the structural obstacles and have taken important measures to address them , but continued reforms will be needed in order to keep up with the unavoidable challenges arising from an ongoing deepening in the division of labour at the global level , rapid technological change and population ageing .

New Power, New Responsibility calls for deepening the European Union through measures that would include democratizing EU financial decision making by directly engaging national parliamentarians and exchanging tighter European fiscal constraints on member governments budgets for a European banking union, a eurozone budget, and Eurobonds.