Socialist government in Madrid will cut 5 percent of the salaries of public sector employees starting the 1st of June, AFP reported.
Spanish employees’ wages will be frozen, year next, also announced Prime Minister Jose Luis Rodriguez Zapatero today.
These austerity measures have been taken by the Spanish government to reduce the deficit. The plan was presented [...]
The German parliament approved yesterday the contribution of 22.4 billion euros to the Euro area financial package of 110 billion destined to help Greece, 8.1 billion euros are to be provided by the German banking sector.
According to Reuters, the decision was adopted with 390 votes in favor, 72 against and 139 abstentions. Upper house [...]
George Papandreou, the Greek prime minister has denounced in front of the Parliament all the violent attacks and the deaths that the latest protests have resulted in.
“The authors of these murders will be apprehended and judged” promised Papandreou.
“I have taken tough and responsible decisions in order to save the country, to save salaries, and people’s [...]
The Germans and the French have fully taken advantage of the crisis in Greece.
Le Figaro journalists claim that the fall the Euro has recently experienced became an unexpected hand of help for the great European exporters.
Everything works according to the principle of communicating vessels.
Money redrawn from Greece are relocated in banks from other European states. [...]
The manufactured plastic products & injection molded plastic products as well as manufactured goods production has slowed down the rate of its growth as the government in Beijing wants to avoid the “excessive warming” effect of the national economy.
Moreover, Chinese authorities have requested banks to consolidate money reserves by slowing down the pace in terms [...]
Sheikh Ahmed bin Zayed al-Nahyan, who directed ADIA’s recent acquisition of 15pc of Gatwick Airport, was found four days after his glider aircraft went missing. He was 40.
ADIA, which is thought to have assets worth $627bn (£420bn), declined to comment.
The Sheikh had no deputy director. However, [...]
