Greece’s crisis still no change..

Posted in Finance News, Global Finance, World Bank on 21. May, 2010

Greece: The giant container cranes lie still in the haze of a warm spring afternoon in the port of Piraeus near Athens – a vital commercial hub for the economy since the days of ancient Greece. Business for the local dockworkers is badly down these days as a result of the deep economic crisis that [...]

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Sarkozy presses for freeze on public spending

Posted in Global Finance on 19. May, 2010

French President Nicolas Sarkozy said Thursday that France’s Constitution should be altered to compel new governments to sign up to a timetable to balance their budgets. And in order to demonstrate his own determination to control costs, he confirmed that he planned to freeze all public spending for three years. “The restoration of public finances [...]

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