Archives for Politics
February 15th, 2012
German Chancellor, Angela Merkel, yesterday applauded the labour reform approved on Friday by the Spanish Government and said it was an example of the measures Europe is implementing to overcome the crisis. On behalf of Merkel, German government spokesman, Steffen Seibert, said in a routine press meeting that the move "shows ...
Continue reading Merkel Welcomes Spanish Labour Reform
January 23rd, 2012
Before attending the G20 meeting to be held in Mexico over the weekend, Japan reiterated the need for Europe to make its "best efforts" to resolve the debt crisis in the eurozone. "As we have said many times, Japan is prepared to support European efforts to stabilise the financial markets, including ...
Continue reading Japan Calls for “Greater Efforts” from Europe
January 19th, 2012
Iberia’s Intercenter Committee, which represents the ground workers of Iberia Airlines, on Tuesday approved an indefinite strike call for the airline, to take place every Monday and Friday from 3rd February. This is in addition to a further 3 days of strikes already planned for January, on 25th, 27th and ...
Continue reading Iberia Ground Staff to Strike Weekly from 3rd February
January 16th, 2012
European Commission Vice-President and Head of Economic Affairs, Olli Rehn, described the measures taken by the new government of Mariano Rajoy to cut the deficit as "very important", but called for more fiscal adjustment and structural reforms, especially in the labour market, to ensure compliance with the objectives agreed with ...
Continue reading Further Fiscal Adjustment and Reforms from Spain
January 11th, 2012
German Chancellor Angela Merkel and French President Nicolas Sarkozy announced on Monday that they were making progress in the negotiations for the fiscal pact in the European Union, and stressed that soon they will present proposals on increasing growth and employment in Europe. Cinco Dias reported that following a two-hour meeting ...
Continue reading Merkel and Sarkozy Make Progress on EU Fiscal Pact
January 10th, 2012
Due to the limited progress made so far on taxation and the meagre income from privatisation, the International Monetary Fund (IMF) has lost faith in Greece’s ability to clean up its economy and overcome the crisis. The German weekly Der Spiegel revealed on Sunday a report stating that the IMF believes ...
Continue reading IMF Loses Confidence in Greece
December 20th, 2011
The European Council President, Herman Van Rompuy, announced last Thursday his intention to convene another summit of EU leaders in late January or early February 2012 in order to finalise the new intergovernmental treaty on tightening fiscal discipline in the eurozone, but also in order to discuss how to improve ...
Continue reading Van Rompuy Calls for Another EU Leaders Summit
December 14th, 2011
The number of companies launched in Spain has decreased by 14.6% on average per year between 2006 and 2010. These figures place Spain in the last place of OECD countries for the creation of companies during the crisis, according to a study conducted by the auditing and consulting firm UHY, ...
Continue reading Spain Lagging in OECD New Start-Ups List
December 13th, 2011
The Foreign Minister for China, Yang Jiechi, has expressed confidence in the euro, and the intention of his country to resort to "various means" to help European countries overcome the sovereign debt crisis. At a meeting held last Wednesday in Berlin with his German counterpart, Guido Westerwelle, Yang pointed out ...
Continue reading China Ready to Bailout the Euro
November 24th, 2011
The International Monetary Fund (IMF) has finalised its ‘Preventive Liquidity Line’, a credit line agreed at the G-20 summit in Cannes to assist countries in the Eurozone who need emergency money. "These reforms will enable the Fund to be more responsive to the diverse needs of members with sound (economic) policies," ...
Continue reading IMF Creates Emergency Credit Line to Protect Eurozone
