The Daily Business Digest

The sales of weapons was not suspended by Russia in-spite of the clashes happening in Syria. The report of the Arms export despite of the clashes happening in Syria reported the export official. Russia has been proceeding with its honor along with its obligations under the contracts with Syria. Russia has signed with the arms deal with Syria since Syria has no restrictions with respect to Arms supply.

The details of the deal along with Russia was reported by Vyacheslav Dzirkaln who is the deputy Service of Russia federal service. During the air show Vyacheslav quoted on Sunday through the Inter-fax news wire and wished the stabilization in Syria. Russia reminded its defense commitments after the Arab League had suspended the membership of Syria. The membership of Syria was suspended by Arab League and asked the army to stop killing the civilians.

In west Asia Syria has been the largest buyer of Russian weapons and has contract arms worth $3.5 billion. The reported of the worth of arms deal was reported as per as RIA Novosti Russian government news agency reports. The arms deals involves the supply of two Bastion anti ship missile system along with 72 Yakhont supersonic missile.

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There has been a lot of unemployment seen in Spain and most of the family heads are unemployed. The jobless rate of Germany has fallen and is seen steadily at 6% and the percentage may still increase. European Monetary Union convergence has been never taking place and has been just left as a plan itself. There has been a misalignment in the north-south currency between Europe and has caused more depression.

The two north-southern democracies have been put together in a marriage which has already been broken. The debt deflation has not cleared the structural gap in the south and has further raised the risk of recession. In-spite of all these there may be ECB recession and chances of Spain going back to viability says economists. The monetary policy was tightened and the financial matters may go still worse in Spain while inflation may raise.

The balance sheets of Europe banks have shrunk as the inflation is in the drip and may increase drastically. Portugal is already a state of occupation and comes under the EU International Monetary Fund Administration. A general strike has been launched during the previous month by some of the unions in Portugal. There has been a lot of swings in the external capital accounts which was surplus and has come back into deficit. There needs a 40% of devaluation against Germany by Portugal and an cuts to be done in pensions,pays and other fields.

There was some protests going on to show the protests against the Greece President shouting some of the slogans. The tragedy of German has left many shocked as the diplomatic victim is Germany of the European Monetary Union(EMU). According to the Summit test there will be monitoring capacity on the ground says one of the reports related. There will be full implementation of the austerity policies by the inspectors of Europe and in occupation office.

In-spite of all the measures taken up by Greece Greece has been stripped even of the sovereignty. Greece has gained the debt relief through the banks which have joined to help Greece about 50%. Greece will be left out having a public debt of about 120%GDP in the year 2020 and after a period of nine years will gain normalcy. The unemployment rate in Spain is about 21.5% and about a slight away from five million says economists.

In Spain there are about 1.4 million households where the family head does not have a job and now the losses has been reflected in healthcare. Since the Guillotine drop in EU there has been a lot of job losses seen in healthcare and in education jobs. The situation has been really sorrowful and the whole economy is tipping back to recession and getting into crisis. According to the socialist Alfredo Rubalcaba Europe has been pushed into to change according to the EU policy.

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