Economics,Politics
Greek Lawmakers Pass Austerity Deal
08.11.2012 12:55
TWSJ: ATHENS—Greek lawmakers narrowly approved a multibillion-euro austerity package early Thursday in an effort to win more bailout funds, but the measures also threaten to deepen the country's brutal recession and destabilize its fragile politics.
In the hours leading up to the vote,...
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IMF and Gallois report urge France to cut labour costs
08.11.2012 12:53
BBC: France's President Francois Hollande is under pressure to reform its flagging economy after both the IMF and a separate government-commissioned report urged him to slash employment costs.
The International Monetary Fund said France must act or risk falling further behind its European...
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Greek government defies protests to approve more austerity
08.11.2012 11:31
(Reuters) - Greece's government voted by a razor thin margin on Thursday to approve an austerity package needed to unlock vital aid and avert bankruptcy, despite an internal rift and violent protests at the gates of parliament.
Lawmakers approved the spending cuts, tax hikes and...
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Obama, buoyed by election win, faces new battles
08.11.2012 11:30
(Reuters) - President Barack Obama had little time to savor victory on Wednesday after voters gave him a second term in the White House where he faces urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move.
Despite a decisive win...
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German Economy Will Fail to Pick Up in 2013, Advisers Say
07.11.2012 12:00
Bloomberg: German economic growth will fail to pick up next year as the euro region’s sovereign debt crisis saps demand for German exports, the government’s council of economic advisers said in its annual report.
The German economy, Europe’s biggest, will expand 0.8 percent in 2013,...
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Obama Defies History on Economy, Wins With Coalition Vote
07.11.2012 11:58
Bloomberg: President Barack Obama, whose hope- and-change campaign promises yielded to grim economic realities in the White House, defied history to win re-election last night, as wary Americans seeing glimmers of a recovery handed him a second chance.
Obama was re-elected...
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‘Key witness’ in Polish presidential plane crash dies, suicide
05.11.2012 13:35
HangtheBankers: A Polish parliamentary investigation into President’s Lech Kaczynski plane crash in Smolensk in 2010 is considering witness protection: A flight engineer set to deliver critical testimony was found hanged in his house in Warsaw.
The body of Remigiusz Muś, a 42-year-old...
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Shock treatment
05.11.2012 13:28
The Economist: Even before Louis Gallois has published an economic report into competitiveness, the French government seems to want to bury it
NO SOONER had President François Hollande named him “investment commissioner”, in July, than Louis Gallois, a respected French...
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French economy: 'Competitiveness shock' ruled out
05.11.2012 13:25
BBC: French officials have cast doubt on a report likely to recommend sharp cuts in public spending before it has even been published.
The government-commissioned report into French competitiveness, due to be issued later on Monday, was written by former aerospace group EADS chief...
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Europe must learn the lessons of the recent past, says Jean-Claude Trichet
05.11.2012 13:22
TheGuardian: Former European Central Bank president calls for creation of a European finance ministry and limitations on eurozone member states' fiscal independence, backed by sanctions
The creation of Europe's economic and monetary union is unique in the history of sovereign...
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