Europe & The European Union

http://www.ibanet.org/Article/Detail.aspx?ArticleUid=0c20f837-252c-47f0-8ae9-cc09613105af Bailout or down and out? Portugal and Cyprus wrestle with EU rescue conditions By Jonathan Watson | 19 April 2013 Earlier this month, Portugal’s constitutional court decided to strike down four out of nine contested austerity measures approved in the government’s budget for 2013. It rejected cuts of about seven per cent in pensioners’… Continue Reading

http://www.forbes.com/sites/modeledbehavior/2013/04/19/the-folly-of-empire-starving-greek-children/ The Folly of Empire: Starving Greek Children Karl Smith, Contributor | 22 April 2013 Unemployment in Greece is over 27% and inflation is falling. This is tragedy. Yet, the head of the German Bundesbank suggests that its business as usual and key commentators are pulling their punches. The New York Time’s Liz Alderman reports:… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1330021&Itemid=1 Higher Rate of Subemployment in Europe 22 April 2013 Brussels, Apr 19 (Prensa Latina) Greece, Spain, Lethonia and Cyprus are the countries of the European Union (EU) with the highest proportion of part-time employees who would like to work more hours and are available to do so, which are considered underemployed . A 2012… Continue Reading

http://online.wsj.com/article/SB10001424127887324493704578432322208002756.html?mod=fox_australian Hungary’s PM Ready to Compromise With EU April 19, 2013 BY VERONIKA GULYAS BUDAPEST—Hungary’s prime minister Friday said he is willing to amend some laws that have drawn criticism from the European Union, but is determined to retain a third piece of legislation that gives the government freedom to impose new taxes. Hungarian lawmakers… Continue Reading

http://online.wsj.com/article/SB10001424127887324493704578432374283757256.html?mod=fox_australian More in Euro Zone Are Underemployed April 19, 2013/ BY ALEX BRITTAIN Growing numbers of workers in the euro zone are unable to work as many hours as they would like, official figures showed Friday, casting new light on the grim outlook for consumers that could depress the region’s growth prospects for some time.… Continue Reading

http://www.irishtimes.com/business/nama-to-take-control-of-o2-arena-as-it-moves-against-harry-crosbie-empire-1.1366449 Nama to take control of O2 Arena as it moves against Harry Crosbie empire Agency seeks to recoup €500m owed by developer 22 April 2013 State agency Nama is poised to take control of the O2 Arena at Dublin’s Point next week after moving against developer Harry Crosbie’s docklands property empire, which owes it… Continue Reading

http://www.irishtimes.com/news/hundreds-of-adjourned-repossession-cases-to-be-struck-out-under-new-bill-1.1366311 Hundreds of adjourned repossession cases to be struck out under new Bill Land and Conveyancing Law Reform Bill will not apply to cases already before courts 22 April 2013 Hundreds of repossession cases adjourned pending the introduction of legislation to repair a lacuna in the law, will have to be struck out under the… Continue Reading

http://www.independent.co.uk/news/business/news/500-business-leaders-call-for-new-deal-in-europe-8582087.html 500 business leaders call for new deal in Europe Tom Bawden Monday 22 April 2013 More than 500 businessmen, including former Marks & Spencer chief executive Sir Stuart Rose and the heads of Next, B&Q and Harvey Nichols, have launched a campaign to negotiate a better deal for Britain in the EU. After the… Continue Reading

http://www.irishtimes.com/business/sectors/retail-and-services/barna-waste-examiner-confirmed-1.1366480 Company’s main creditor, owed €9 million, and Revenue Commissioners, owed €780,000, not opposing application 22 April 2013 The High Court has confirmed court protection for companies in the Barna Waste group, the largest domestic waste and recycling operator in the west of Ireland, employing 270 people. Mr Justice Brian McGovern yesterday confirmed chartered accountant… Continue Reading

http://www.reuters.com/article/2013/04/20/us-france-mittal-idUSBRE93J0I020130420?feedType=RSS&feedName=businessNews ArcelorMittal CEO says high labor, energy costs hurt France PARIS | Sat Apr 20, 2013 5:33pm EDT PARIS (Reuters) – ArcelorMittal CEO Lakshmi Mittal said on Saturday he regretted that the steel giant was having to permanently close two French blast furnaces but high labour and energy costs kept France at a competitive disadvantage.… Continue Reading