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Citigroup then took a proprietary short position against those mortgage-related assets from which it would profit if the assets declined in value. Citigroup did not disclose to investors its role in the asset selection process or that it took a short position against the assets it helped select.

Reiterated it did not expect technical recession, but one bad quarter in Germany in Q1 of 2012. - India Fin Min Mukherjee expressed concerns when addressing parliament that the current euro crisis was spreading - Russia Finance Ministry Debt Chief Vyshkovksy commented that it saw "unprecedented" domestic borrowing in 2012; Will not meet borrowing targets without infrastructure changes - Russia Central Bank Dep Gov Shvetsov stated that it sought to turn the 1-week repo into its main money market tool as the 1-week repo instrument was becoming more popular and currently had more money owed on weekly repos than overnight repos. - Czech Central Bank Official Zamrazilova commented that a weaker CZK might boost inflation beyond target and she was constantly mulling whether rates should rise.

The trend for export values remains at record-high levels. New Zealand GDP Up 0.8% in Q3 Published: 12/22/2011 1:05:40 PM By: TradingEconomics.com, Statistics New Zealand New Zealand Gross domestic product was up 0.8 percent in the September 2011 quarter, following a 0.1 percent increase in the June 2011 quarter.Public wages have fallen 12pc on average under Ireland's "internal devaluation" policy to regain competitiveness within EMU. There are likely to be further wage cuts in the December budget. "We have to face reality.

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These new steps will save underwater homeowners thousands of dollars each year, and it will not take an act of Congress. However, there is more work to do by passing the American Jobs Act which includes Project Rebuild, a program which helps put construction workers to work rehabilitating vacant or abandoned homes and businesses?

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