Hypo Venture Capital Headlines: EU determined to ensure eurozone financial stability

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ZURICH: The European Union is “resolutely determined” to ensure the financial stability of the eurozone, the bloc’s President Herman Van Rompuy said Wednesday.

“We are resolutely determined to guarantee the financial stability of the eurozone, the stability of the eurozone is also vital for the world economy,” he told reporters after a meeting with Swiss President Micheline Calmy-Rey in Zurich.

Among topics raised during the discussions were bilateral relations between Switzerland and the European Union, as well as the eurozone debt crisis.

Calmy-Rey also signalled Switzerland’s support for Brussels in its fight to contain a public debt crisis, saying that it is in Bern’s interest that solutions are found “as the crisis is impacting our country on several counts.”

European stocks closed sharply lower Wednesday over fears that Italian Prime Minister Silvio Berlusconi’s decision to resign spells months of political uncertainty for Italy.

In a speech later Wednesday at the University of Zurich, Van Rompuy also stressed that Brussels’ key “aim is to keep the eurozone together with all the 17 participants on board.”

Beyond guaranteeing stability, it also needs to boost growth.

“Our duty is not only to guarantee the financial stability of the euro area. It is also and at the same time to stimulate economic growth. Another major challenge,” he said.

“In the end, only sustained economic growth can bring back confidence, create jobs and absorb debts,” he added.

At the same time, Van Rompuy also called on the EU’s trading partners to do their bit in preventing the world from sliding back into recession.

Hypo Venture Capital Headlines: Budget 2012: Take a holiday , it’s not all bad – Leo Varadkar

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TRANSPORT Minister Leo Varadkar risked the wrath of thousands of struggling families by suggesting the Budget will be so easy they will be able to afford to take a holiday next year.

The minister’s bizarre comments come just a week after experts said every family was going to be €600-a-month worse off as a result of the string of austerity measures.

Despite the array of financial headaches facing the public, Mr Varadkar claimed households would still have money “to take a holiday” because “it won’t be all bad”.

“Incomes will remain untouched,” he said. “The only people whose pay is being cut are ministers and senior civil servants. That means incomes will be the same next year.

“You’ll have to pay €100 for your house and 2pc on a new TV or fridge but that’s it. That means people will be able to take a holiday, which they might not have been able to afford this year.”

But the minister’s remarks came on a day when it emerged:

- The jobs crisis had deepened with another 1,700 signing on the dole last month.

- The total number of unemployed rose to 448,600.

- A new rise in health insurance premiums of up to 10pc was expected next year.

- Spending on credit cards collapsed.

- One in 10 went without heating at some stage this year.

- Poverty levels hit a critical stage with one in five classified as living in deprivation.

Consumers’ Association of Ireland chairman Michael Kilcoyne said Mr Varadkar had moved into the world of “make-believe”.

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Most early- and mid-career workers see retirement as being far off in the distance. While retirees spend their days relaxing under swaying palms and contemplating how thankful they are to be out of the rat race for good, the reality is quite different.

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Here at Hypo Venture Capital Zurich, Switzerland we are committed to offering our clients access to the latest and broadest range of financial services and products on the market. We know that choosing the right strategy, the right investment and the right product is no easy task in this day and age! Whether its advice, investments or financial planning we are here to answer all your questions and facilitate all your financial needs.

Hypo Venture Capital: How Much Money Is Needed for Retirement?

Most early- and mid-career workers see retirement as being far off in the distance. While retirees spend their days relaxing under swaying palms and contemplating how thankful they are to be out of the rat race for good, the reality is quite different. Today, people are retiring later and finding the need to save more money to live comfortably after retirement. No two ways about it, the longer people wait to retire, the more comfortable their lives will be.