— MIAMI, FL — Europe has not enjoyed the best start to 2012. Despite some stringent austerity measures being passed in different nations, the crisis continues with credit downgrading for some and disappointing bond auctions for others.

The ECB stepped in to buy bonds from both Spain and Italy as the cost of borrowing jumped for both nations ahead of auctions planned for next week. Italy's yield has stayed just over 7%, a level that is considered unsustainable in the long term. Meanwhile, Hungary has had its credit rating downgraded by Fitch to junk status. The euro is close to its lowest point in its eleven-year history against the yen following reports of a drop in factory orders for Germany, the region's most successful economy. Certainly, market confidence in the euro is extremely low and recession seems inevitable. Add to this the Iran crisis. If Europe supports sanctions against Iran, countries such as Greece, already beleaguered by intolerable debt loads, will be hit hard by the embargo; Greece gets 30% of its oil from Iran.

«Investor confidence in Europe is at an all-time low,» says Bill Hionas of Pan American Metals of Miami. «If the continent is not already in recession, then the feeling is that it soon will be and this has been factored in by the markets. Even stronger economies, such as France, have been suffering.»

Gold has been trading in tandem with the euro but this flies in the face of normal patterns during times of economic crisis. Gold bullion should provide a safe haven against recession and economic uncertainty such as Europe is experiencing. If the situation in Europe worsens, or a country is actually allowed to default, then we should see the price of gold skyrocket.

About us:

Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.

Website: http://www.panamericanmetalsofmiami.com

Press Contact

Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com

source:
http://www.1888pressrelease.com/no-happy-ending-in-sight-for-europe-says-pan-american-metals-pr-363834.html

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Vietnam welcomes annually 100.000 German tourists.The Vietnam tourism sector needs qualified workers and provides niche tourism products for this market according to tourism experts especially in certain keymarket like Germany.

«We expect good German traffic to Vietnam in 2011. Germany is among the top three from Europe, aided by a direct flight between Vietnam and Germany. There are activities in 2011 in both Vietnam and Germany in the frame of Vietnam Year in Germany and Germany Year in Vietnam. Vietnam is better known as a backpacker destination for German travelers, efforts are being made to promote Vietnam as a luxury destination and we attract upscale German-speaking travelers with niche tourism products. Our German speaking team is very competent to serve high end travelers,» said Pham Ha, Founder and CEO of Luxury Travel Company.

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Jens will be responsible for the development of German Department, oversea sales and marketing activities, sales and customer care with Luxury Travel's business partners in German speaking countries, seeking new business opportunities and coordinating the company's national marketing program.

«My study, experiences, passion, curiosity bring me to this beautiful country. I am eager to experience Vietnam and to work in Hanoi, a fascinating city which is rich in culture, and culinary. The Vietnamese are very friendly, open-minded and cordially. I am glad to join Luxury Travel Team in Hanoi and we make our best efforts in German Department to promote our special products and provide top notch services for our discerning travelers,» said Jens Pickhan, a new sales and marketing executive at Luxury Travel Company.

«Jens is committed to the idea of luxury travel concept and market Vietnam as a luxe destination and promote our niche tourism products not only in Vietnam but also others Southeast Asia countries such as Laos, Cambodia, Myanmar and Thailand,» said Ha. Last year, the company served 10,000 satisfied around the world. Luxury Travel specializes in bespoke travel experiences for VIPs, small fits group led by expert tour guides to Vietnam, Cambodia, Laos, Myanmar, Thailand. All company operations are run by experienced, creative managers and guides. Headquartered in Hanoi, Vietnam, the company maintains management offices in Indochina, Myanmar, Thailand and a representative office in France, in the U.S.

Luxury Travel takes part in many trades show in Europe and in the coming ITB Berlin, German. The company aims to increase the German tourist arrival in 2011 up to 30% in comparation to the last year. In 2012, Luxury Travel is targeting VND30 billions revenues for this market segment, and the revenue growth will stay at the two-digit level over the next five years and becomes a leading tour operator in Vietnam.

For more information in German, visit www.luxurytravelvietnam.com

Source:
http://www.1888pressrelease.com/vietnam-s-biggest-luxury-travel-operator-aims-to-attract-lux-pr-280496.html

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