On Spanish and German Austerity and Other Links
Must-read: Spain and German austerity
- The World from Berlin: Merkel’s Austerity Program Is ‘Faint-Hearted and Unbalanced’ – SPIEGEL ONLINE – News – International
- BBC News – German cabinet backs Merkel fiscal austerity plan
- Sparpaket: Wo die Koalition die Milliarden herauspresst | FTD.de
- Caja Murcia, Caja Granada, Caixa Penedès y Sa Nostra firman su fusión – ABC.es
- BBC News – Spanish public sector to strike against austerity plan
- Las cajas necesitan hasta 34.000 millones para recapitalizarse – ABC.es
Notice that the Swiss are already feeling a drag on their economy from Europe since 60% of exports are to Europe.
- Euro-Krise bremst auch die Schweizer Wirtschaft (Wirtschaft, Aktuell, NZZ Online)
- LeTemps.ch | La faiblesse de l’euro fragilise l’économie suisse
Other stories of the day:
- Bear Options at Record as Wien Says Stocks to Rally – BusinessWeek
- SpyTalk – Intelligence for thinking people
- Years of Internal BP Probes Warned That Neglect Could Lead to Accidents – ProPublica
- FT.com – Swiss lower house rejects UBS deal with US
- Killer Undersea Oil Plumes From BP Spill Lurk in Gulf of Mexico – Bloomberg.com
- Eurozone: Estland kann den Euro einführen – WELT ONLINE
- Dealbook Column – Imagining the Worst in BP’s Future – NYTimes.com
- Warren Buffett lunch auction gets no bids. (Yet) | Reuters
- Watch the Apple Keynote’s Network Meltdown – Gizmodo
- For the Pauls, Libertarianism Began at Home – NYTimes.com
It always frustrates me when I see large numbers (cut the budget by a total of around €80 billion by 2014) given without context as to what it means. The €80 billion budget cut is a 4 year cumulative total, beginning with a decrease of €10 billion in 2011 from the 2010 total, and incrementally decreasing each year until 2014. For a €3 trillion economy the press given to the budget seems a bit out of proportion.
Comments are closed.