Euro household savings, disposable income dropped in Q1 2010

The household saving rate and the household investment rate dropped in the European Union and in the 16-member euro zone in the first quarter of 2010, according to a detailed set of quarterly European sector accounts released by Eurostat, the statistical office of the European Union, and the European Central Bank (ECB).

In the euro area in Q1 2010, household disposable income fell by 0.6 per cent in real terms.

In Q1 2010, the seasonally adjusted gross saving rate of households was 13 per cent in the 27-member EU, compared with 13.4 per cent in the fourth quarter of 2009. In the euro area, the household saving rate was 14.6 per cent in the first quarter of 2010, compared with 15 per cent in the previous quarter.

Meanwhile, in the first half of 2010, Bulgarians continued to cut down spending as companies withdrew bank savings to prop up their operations, according to Bulgarian National Bank (BNB) data on the deposit market as of the end of June 2010.

According to a report by daily Dnevnik on the BNB figures, the market grew at a modest rate in the first half of the year, reaching 25.539 billion leva at the end of the period, up 13.4 per cent year-on-year.

A slight surge in household deposits shows that in spite of a declining rate of pay and disposable income, Bulgarians have opted to save.

The pace of 0.2 per cent to three per cent for the past year is dwarfed by the double-digit growth rates seen in previous years. In 2009, bankers in Bulgaria were saying that the market’s potential is depleting.

At the end of June, the interest rates on term deposits retreated to their autumn 2008 levels before the onset of the deposit war, reaching six per cent and five per cent for leva and euro, respectively.

On the other hand, company money in bank deposits increased in H1 2010, reaching 12.050 billion leva. A year earlier, the figure was 12.204 billion leva. This is down 1.3 per cent year-on-year as companies withdraw savings to use as operating capital as bank financing is hard to come by.
 photo:Julia Lazarova
source:sofiaecho.com

Spain goes to the semi-finals after the drama and two missed penalties

On Stadium Ellis Park in Johannesburg team of Spain beat Paraguay by 1:0 in the quarter final match of the World Cup. David Villa has made valuable goal in 82 minutes.


On Stadium Ellis Park in Johannesburg team of Spain beat Paraguay in the quarter final match of the World Cup. David Villa has made precious goal in 82 minutes. Their teams and allowed the luxury to miss out on a penalty kick.

Already in the first minute Santana tries his sight towards the door of Casillas, the Spanish guard and nail the ball in his hands. The game was in the early minutes as equivalent despite attempts to prevail on both the composition is not received.

In 11 minutes Morel shoot over 35 meters high above the door of a direct free kick. Single combat game abound, and the judge let Batres freer. game. Goals situations lacking.

In the middle of the first part of the Spanish players began to control events on the ground. Between 26 th and 29 minutes Villa, Torres and Xavi tried to pierce through the door of Villar as closest to the goal was Barcelona's midfielder, but the shot went inches over the door.

In the 41-minute ball leaning network Spaniards as Nelson Valdez said, but was canceled due to hit ambush. Slightly earlier Santana shoot dangerous. So to break both their composition is not scored.

At the beginning of the second part of Spain began to look for hits, but Villa and Torres were unable to pierce through Villar. In the next minutes the game boil and boil. In the 57th minute Gerrard Pique violated the penalty area against Cardozo penalty and followed for Paraguay. Victim stood behind the ball and missed, shooting right into the hands of Casillas.

In the next attack Villa embarked on wildfire attack and was pushed in the penalty area by Alkaras. Stood behind the ball and Xabi Alonso scored, but the player had entered the penalty box before impact and have beaten. This time, Alonso did not maintain composure and fired into the hands of Villar as Tizi so the result remained unchanged.

In the 75th minute Xavi shoot diagonally, but the ball went away from the door. In the 82-minute Via Paraguay pierced his neck as a strike met two beams before entering the network, but before the impact of the recent addition of the beam was natselena Barcelona and Pedro.

In the last two minutes and failed to pierce through the composition opposing doors. For Paraguayan Roque Santa Cruz came in an excellent position to miss Casillas, the Spanish goalkeeper making a character for a shoot in Spain Villa goalkeeper. In the three-minute given by the judge for not fallen so new goals and European champion is a semi-finalist.

Germany Beats Argentina 4-0

Germany beat Argentina defeated 4:0 with goals by Thomas Mueller, two of Miroslav Klose and one of Arne Friedrich. So Bundestima 1/2-finalite qualify for World Cup 2010.


The battle started well for more than Bundestima who quickly discovered. results. Already in the third minute of the match with a 1:0 lead Germany to hit Thomas Mueller, who jammed with Chapter header from Bastian Schweinsteiger free-kick on and after being left unmarked in the penalty area of Argentina scored.
Then hit Argentines rushed in atakai in search of the equalizer, but the Germans are perfectly arranged to nkazatelnoto its scope and prevents your opponent near Manuel Noyer and Argentina and could not reach to attack the opponent's goal.
The 24-minute scorer Mueller gave a great pass to Miroslav Klose in the box nakzatelnoto of Argentina, who was left unmarked from point to implement a penalty shot to sapernikovata, neck, but his shot was not accurate and passed over the door of Sergio Romero.
Only in 31 minutes South American first shot on goal to Germany. They were given the opportunity to meet a free kick about 25 meters from the door Noyer, Messi fired but sent Dzhabulani target.

Two minutes later, Angel Di Maria ran in the penalty area and made Bundestima shot on goal but the ball was caught by a German guard. In the 34th minute and Gonzalo Iguain was hit near the countervailing, but finished his shot was not strong enough and not difficult Manuel Noyer.
In the 36th minute Messi again had the opportunity to sign a direct free kick but his shot struck the wall of Germany players. In subsequent stirring Tevez was displayed behind the defense of the Germans and handed it to Di Maria, who scored, but the goal was not counted because of apparent ambush of four Argentine players.
Three minutes later, Lukas Podolski tried to double the lead of Germany with a shot from 30 yards, but had no luck and leather ball passed inches away from the door of Romero.

In the 45-minute Lionel Messi is exempt from the custody of Germany defenders and shoot from within the penalty area but again the ball went over the transom behind Noyer.

The second half started vortical for Argentines, who immediately went to the door of Manuel Noyer to equalize the score. In 48 minutes Angel Di Maria was very close to that after firing of about 20 m and only luck in this situation helped the Germans not to collect hits in the network.
In the 56-minute experience Lukas Podolski Sergio Romero to threaten with a shot from a direct free kick about 30 meters from the door of Argentina, but the ball met the wall of the Argentinian players and threaten guard with nothing. In the 63-minute shot from Carlos Tevez serious distance, but his powerful shot was caught by Manuel Noyer.
Five minutes later the Germans responded to the pressure of "Argentina" with a second goal in the network of Sergio Romero. Lukas Podolski for Miroslav Klose assists, which is scored for 0:2.
Oyue in 74 minutes Bundes team made its lead against Argentina, classical, Bastian Schweinsteiger after sampling in the opponent's penalty area and submit to Arne Friedrich, who did not hesitate and sent the ball into the net behind Romero to 0:3.
After the third hit South American tried to attack again sapernikovata door, but never been able to create the serious threat to Manuel Noyer. Attacks on Germany were quite dangerous, but their actions in defense - perfect.
Minutes before the end of regular time the Germans scored fourth goal in his favor. Nice attack launched by Lukas Podolski ended with an assist on Mesut Jozias to Miroslav Klose, who scored his second goal of the match 0:4.
Ultimately, this proved the last goal in the match and the Germans finished on 1/2-finalite where you will meet the winner of the match between Spain and Paraguay.

Suarez: The hand of God is mine now

Uruguay Luis Suarez, who saved a clean score of Ghana in 120 minutes of the quarter, said God has his hand.

Uruguay Luis Suarez, who saved a clean score of Ghana in 120 minutes of the quarter, said that the hand of God as a last try is scored Diego Maradona in 1986, where the Argentinean goal scoring legend hand of the semifinal against England, has its

It is this failure of the rescue and the White Asamoa Giyan psychological point gave priority to the implementation of the South American shootout, then Uruguay is ranked the semifinals.

"At this point I had no choice. It seemed to me to chase.'m Calm now. Suffer a lot until the end, but God is my hand now," said Suarez, who will play in the semi-final match against Holland.

With this it will destroy attacking tandem with Diego Forlan after both scored six goals so far.

Uruguay national team striker Oscar Tabares their support. After the victory he said he shot with his hand on Suarez is instinct, not theft.

"It was a fact of the game, it's instinct for the ball players do not come in the door, he was censured and expelled will not be able to play next. Match. What more could happen to him? Suarez was their fault they missed a penalty.

"To say that this is theft, it's almost insulting. He suffered decision, the judge who rules apply. You could say that this error is a player who uses his hand, but to talk about theft, no I think it is fair, "said Tabares.

Uruguay beats Ghana in penalty kicks

The team of Uruguay is the second World Cup semifinalist in 2010, after the great drama in a 5:3 win on penalties over the composition of Ghana.

In 11 minutes, and viewers saw the first kick in the outline of a door. Luis Suarez lied rival on the left flank of the Uruguayan attack and shoot, but Kingsan catches the ball.

Subtle ricochet after corner in front of Ghana in 18 minutes for a not yielded a goal for Uruguay. Richard Kingston, however, events reflex and although slightly comic, head, killed the ball.

26 minutes after Luis Suarez is out of custody of Isaac Vorsa, shoot without delay, but Kingsan cellars with the tip of his glove in the corner.

Ghanaians are activated after prepolovyavaneto at halftime and 30 minutes twice had the chance to go after fast contributory.

By the end of the first part of the game was dvuostra but clean before the event had two goalkeepers.

However flowed last seconds when Sulley Muntari get the ball more than 30 meters from the door and shoot all surprising. Most surprise second after it was however watchman Uruguay Nestor Muslera that prosperity and global vletya punt on their networks to 1:0 for Ghana.

In 55 minutes, however, once the free kick Uruguay match. results. The ball was kicked off by Diego Forlan, described the strange trajectory, and the stunned look of Kingsan vletya network - 1:1.

South American could cause knockdown in 63 minutes when after a cross from Luis Suarez Forlan small corner failed to find the ball well and noted.

Again great Kingsan intervene in 78 minutes, saving kick straight to his door Suarez. A little later a good role-playing near the door of Ghana ended in shock, but with excellent interference African goalkeeper, the ball does not allow for a second time to pass behind him.

In minutes dominated by the end of both health protection team, which did not allow new surprises and so regular time ended 1:1.

First 15 minutes are not brought added who knows how many interesting moments and ended with no goals scored.

In the final minutes of overtime pushed Ghanaians and created some moments of tension to Muslera.

In the last seconds of an otherwise terrible mistake rather swaggering Portuguese referee and his assistant enable Ghana to meet a free kick, after which followed the great agitation in front of Uruguay. For him the ball twice was killed by golliniyata, the second time with the hands of Luis Suarez, for his event that he received a red card, and Ghana have na.duzpa.

Stood behind the ball Asamoa Gian, who, however, do drama full, sending the ball into the crossbar and then out.

Shootout! When these teams exchanged goals in several beats, then three players missed the turn. Hero was Nestor Muslera, Uruguay watchman who saved two penalty kicks. In the decisive moment Abreu showed iron nerves and unforgettable style Panenka celebrated winning penalty kick for Uruguay - 5:3.

Netherlands 2:1 Brazil

The Netherlands came from behind to break Brazilian hearts and take a huge step towards a third FIFA World Cup™ final appearance. Trailing at half-time to Robinho's early goal in Port Elizabeth, Bert van Marwijk's men drew level through Felipe Melo's own goal before Wesley Sneijder headed the winner with 22 minutes remaining. Brazil ended the game a man short after Felipe Melo's dismissal as, like in Germany four years ago, the South Americans, unbeaten since last October, saw their dream of a sixth world crown dismantled at the quarter-final stage.

For the Dutch, this was their fifth straight win at these finals and leaves them one victory short of a first Final appearance since they finished runners-up twice in the 1970s. They will travel to Tuesday's Cape Town semi-final against Uruguay or Ghana as favourites despite the suspensions of Gregory van der Wiel and Nigel de Jong. History will be on their side too, given the winners of their three previous FIFA World Cup meetings with Brazil marched on to the Final each time.

Yet it was not the Dutch, but Brazil who looked likely to prevail in the first 45 minutes. Robinho had already had one effort ruled offside when he broke the deadlock in the tenth minute. Advancing unchecked from inside his own half, Felipe Melo played a ball straight through the centre of the Dutch defence from the halfway line. Robinho, free of his marker Van der Wiel and played onside by Ooijer, was in the clear and he tucked a first-time finish beyond Maarten Stekelenburg.

The Dutch sought an immediate reply when Kuyt tested Julio Cesar with a low drive but Brazil were carrying the greater threat and, after 25 minutes, they came close to a second. From a half-cleared corner, Dani Alves, out on the right, drove in a low cross and Juan got there first only to shoot over from close range. Robinho then wriggled away from two orange shirts on the left, gave the ball to Luis Fabiano and his flick set up Kaka whose curling shot was bound for the top corner before Stekelenburg reached out his right arm to palm the ball away.

The teams' 1994 quarter-final, won by Brazil, produced five second-half goals and this game grew as a contest after the restart. Second-best in the first half, the Dutch drew level in the 53rd minute. Sneijder had already miscued an attempted volley when, following a short free-kick with Robben, the Inter midfielder swung in a cross from out on the right. Julio Cesar and Felipe Melo got in each other's way with the midfielder unwittingly flicking the ball on into the net.

Michel Bastos, booked before the break and under pressure from Robben, now made way for Gilberto Melo but Brazil's self-assurance was fading. Although Kaka guided a volley just past the post, the Dutch soon had their second goal. It came from the head of Sneijder who profited from slack marking in the six-yard box to nod home his third goal of the finals after Kuyt had flicked on Robben's corner. Brazil's prospects dimmed further with 17 minutes remaining with Felipe Melo’s red card for a stamp on Robben, now a constant nuisance to the South Americans. In a frantic finish it might have got even worse for Dunga's men but Sneijder scuffed his shot straight at Julio Cesar.

Source:fifa.com

Argentina 3:1 Mexico

Argentina set up another FIFA World Cup™ quarter-final against Germany by overcoming Mexico 3-1 at Johannesburg's Soccer City Stadium. Carlos Tevez emerged as the hero with a brace of goals, while Gonzalo Higuain was also on target as Diego Maradona's Albiceleste set up a rematch against their 2006 conquerors.

The Mexicans ultimately proved no match for their clinical South American opponents, yet it all started so promisingly for Javier Aguirre's side, with Carlos Salcido rattling the crossbar with a stunning long-range drive after just eight minutes. There was another lucky escape for Argentina just a minute later, when Andres Guardado drilled in a shot from the edge of the box that spun away from the far post just as the net looked set to bulge.

Maradona's side were hardly lacking in attacking menace themselves, however, and Lionel Messi soon embarked on one of his trademark elusive runs before attempting a chip over Oscar Perez that the Mexico keeper judged well. Messi's hunt for a goal at South Africa 2010 continues, but it was not long before the Barcelona talisman played a key role as another of Argentina's star forwards opened his tournament account.

Tevez might have thought his chance had gone when Perez raced out to block bravely at his feet, but Messi was quick-witted enough to return the ball towards goal, where the Manchester City striker was waiting to head home. Breaking the deadlock enabled Argentina to take a firm grip on proceedings, and within seven minutes that hold was strengthened as Mexico reached for the self-destruct button.

Quite what Ricardo Osorio was thinking when he played a square pass to the feet of Higuain is unclear, but it was a gift the Real Madrid striker readily accepted, coolly dragging the ball around the grounded Perez before side-footing into the empty net for his fourth goal of the tournament. Even with the best part of an hour remaining, it was difficult to envisage Mexico finding a way back into this match, and Argentina could have been out of sight altogether by half-time had Higuain not headed wastefully wide with the goal at his mercy. Maradona's men are capable of scoring at any time though, and from any situation – as Tevez proved six minutes into the second half.

The Albiceleste No11 benefited from a fortuitous break 25 yards from goal, but there was no luck involved in what followed, with Tevez lashing an unstoppable drive into the top-right-hand corner for one of the goals of the tournament. Mexico must have realised the game was up at this stage, but it was to their credit that they continued to attack with conviction, and they should have pulled a goal back on 63 minutes when Javier Hernandez headed over when it seemed easier to score.

The Manchester United-bound youngster made amends with 19 minutes remaining, however, brilliantly turning Martin Demichelis on the edge of the box before rifling a stunning left-foot shot into the roof of the Argentinian net. It would prove scant consolation for the crestfallen Mexicans, but while El Tri return home with their dreams dashed, Argentina can begin plotting revenge against some familiar foes.

Source: Fifa.com

Germany 4:1 England

Germany's youthful side delivered a striking statement of intent by overwhelming old rivals England 4-1 in Bloemfontein to take their place in the last eight of the FIFA World Cup™.

Joachim Low's side built a two-goal lead through early goals from Miroslav Klose and Lukas Podolski and although Matthew Upson reduced the deficit before the break, the Germans made sure of their quarter-final place when Thomas Muller concluded two lightning breakaways with a quick-fire double midway through the second half. While Germany can look forward with confidence to a quarter-final meeting with Argentina or Mexico, England will go home to lick their wounds and reflect on yet another FIFA World Cup defeat by their old nemesis.

It was a lapse of concentration which allowed Germany to take the lead in the 20th minute, the goal coming after a spell of prolonged England possession. Manuel Neuer's long goal-kick upfield should have been dealt with by England’s central defenders, but Klose, back from suspension, got between John Terry and Upson, outmuscling the latter before poking the ball past David James with his outstretched right boot.

While having plenty of the ball, England were creating little in the way of genuine scoring opportunities, with only a Gareth Barry shot from distance which went straight at Neuer. Indeed, Germany should have doubled their advantage on the half-hour when Sami Khedira combined well with Muller to set up Klose, who fired straight at James. Yet Die Nationalelf did not have to wait too long for their second goal as Muller floated a delightful ball into the path of the unmarked Podolski. With England's defence stretched, the Cologne man had the time to recover from a poor first touch and produce a left-footed finish that squeezed through the legs of the goalkeeper and just inside the far post.

England pulled a goal back in the 37th minute when a short Lampard corner from the right was played to Gerrard who crossed into the box. Upson, atoning for his earlier error, rose highest above the Germany defence and with Neuer stranded, powered a header into the net. Meetings between these two sides often provide talking points and this one's came 60 seconds later when Lampard's shot from the edge of the box struck the underside of the crossbar and bounced down, with the referee ruling the ball had not crossed the goalline.

England started the second half strongly with Gerrard hitting a right foot shot just wide in the opening minutes and Lampard rattling the crossbar with a free-kick 30 yards from goal. However, Germany increased their advantage in the 67th minute through a counter-attack. Lampard's free-kick hit the German wall and, with England having committed men forward, they were left exposed as Schweinsteiger broke quickly before playing a delightful ball for Muller, who had started the breakaway, to fire past James.

Germany's fourth was more or less a carbon copy of their third. With England deep in their opponents' half, searching for a way back into the game, Germany won possession on the edge of their box and sprayed the ball to Ozil on the left. The midfielder outpaced Barry and played in Muller to sidefoot home from close range. England, to their credit, never gave up and only a fine one-handed save by Neuer from Gerrard stopped them from reducing their deficit – the heaviest in their FIFA World Cup history.

Source: Fifa.com

Euro

The euro is the currency of thirteen European Union countries, stretching from the Mediterranean to the Arctic Circle (namely Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland).

As from 1 January 2008, the euro will also be the currency of Cyprus and Malta.

Euro banknotes and coins have been in circulation since 1 January 2002 and are now a part of daily life for 315 million Europeans living in the euro area.