Spain will raise taxes on the highest earners and cut spending in the most austere budget in at least three decades to slash the euro region’s third-largest deficit. The government raised its jobless forecast and left its economic-growth estimate unchanged.
Mercer County Italians will gather this month to say «Benvenuto!» (that’s «welcome» in Italian) as the 11th annual Mercer County Italian American Festival kicks off later this month at Mercer County Park.
08/20/2010
— Filed under: Society
Tags: dances, Festival, Italy
Teacher unions and opposition parties have today criticised the Government after a new OECD survey found that Ireland continues to rank close to bottom in terms of spending on education.
It might appear from the outside that in Europe the big argument over spending cuts has been settled. After all, most governments are taking the axe to their budgets. Even while growth remains anaemic finance ministers are reducing deficits and bringing down their debt. So from Madrid to Athens to Dublin to Rome it is the era of smaller government, with public sectors being pruned and welfare costs reduced.
08/18/2010
— Filed under: Business,Society
Tags: Europe, spending cuts
With the summer vacation period coming to an end, and a new policy-making season beginning, this is a good time for a reality check on the French government’s economic forecasts.
08/17/2010
— Filed under: Finance
Tags: forecast, France, goverment
A study chaired by the chief economist of the International Energy Agency is making a strong case for the introduction of nuclear energy in Italy.
08/16/2010
— Filed under: Finance
Tags: Italy, nuclear energy
But being a government firm, Gaz De France is unlikely to jump in the fray to avoid upsetting the state promoters or the section in the government opposed to higher foreign stake in Petronet.
Technically, the state-run promoters cannot put any condition or stop ADB from selling its stake to any individual or entity of its choice. In the past, Indian steel-to-oil conglomerate and three major Spanish firms had evinced interest. Even Lakshmi Mittal cannot be ruled out. In the event, ADB could well opt for offloading its equity in the market.
Last time round ADB wanted to exit, there were reports that NRI steel tycoon Lakshmi Mittal was interested. His reported interest in entering Petronet had drawn sharp reactions from GAIL and IndianOil. Then chairmen of GAIL and Indian Oil wrote letters to Petronet and the government to stake their claims. This, industry sources said, upset Mittal who withdrew to avoid putting the ministry in a difficult situation.
08/15/2010
— Filed under: Business
Tags: Gaz de France, Petronet
France Telecom /quotes/comstock/24s!e:fte (FR:FTE 16,29, +0,05, +0,28%) said Monday that Telekomunikacja Polska, in which it holds a 49,8% stake, has been ordered to pay 396 million euros ($510 million) to Danish Polish Telecommunications Group by an arbitration tribunal.
08/14/2010
— Filed under: Business
Tags: France Telecom, Telekomunikacja Polska
An economic growth of 3,5% in 2011 is possible, according to Bulgaria’s Economy and Energy Minister, Traicho Traikov.
08/13/2010
— Filed under: Finance
Tags: Bulgaria, forecast, minister
Footage showing a police sergeant assaulting a woman as he threw her into a cell emerged on Sunday, again putting the spotlight on the behaviour of some officers.
08/12/2010
— Filed under: Crime
Tags: breath test, policeman
