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BRUSSELS/MADRID, Feb 14 (Reuters) - The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters.
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Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recessionand soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. The findings from national statistics institute ISTAT underline the scale of the challenge faced by the new coalition government of Enrico Letta, which has vowed to stimulate growth and tackle a youth jobless rate of almost 40 percent. Delete the scoop?
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Europe is in deep crisis and people are losing more and more trust. According to the EU-Eurobarometer, distrust runs at 53% in Italy, 56% in France, 59% in Germany, 69% in the UK and 72% in Spain. As the EU has lost the support of two thirds of its citizens, The Guardian recently asked: “does it matter?“ Does this social and political crisis matter to the political elites in Europe?
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The Financial Times and Wall Street Journal ran prominent pieces about bullish investors plowing back into Greek markets. On May 15, the Greek government’s borrowing costs on 10-year bonds fell by one percentage point, to the lowest level in three years.
Against this euphoria, the Greek statistics agency Elstat says the Greek economy contracted 5.3 percent in the first quarter of 2013 compared with a year earlier. This is the 19th consecutive quarter in which it has shrunk.
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Germany's Christian Democrats (CDU) called on Tuesday for symbols associated with the totalitarian socialist regime of former East Germany to be banned, in the same way that it is illegal to display Nazi memorabilia. Delete the scoop?
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Nearly two-thirds of young Greeks are currently jobless. The unemployment rate in the country has reached a record 27 percent. Experts are warning of dramatic consequences for Greek society. Delete the scoop?
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With persistently weak economic conditions becoming the norm in Europe, economists are considering increasingly unconventional policy options. One tool that has yet to be taken out of storage is ‘helicopter money’, i.e. the overt monetary financing of government deficits. This column recounts a policy debate on helicopter money that was held at LBS in April 2013 among three of the world’s leading monetary economists. Delete the scoop?
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France played a decisive role in shaping not only the euro system but the entire European project. This history has predisposed French leaders to the goal of preserving the euro at all costs. Delete the scoop?
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Slovenia said it was confident its newly-adopted action plan would stabilise public finances and lead to an economic recovery, a day after ratings agency Fitch downgraded the crisis-hit country. "The consolidation of public finances will follow the objectives that have been clearly set," Slovenia's finance ministry said in a statement. "We will efficiently carry out all the necessary measures drawn in its stability and reform programmes."
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Tens of thousands of protesters, led by trade unionists, rally in the Italian capital Rome against the policies of the new coalition government. Delete the scoop?
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French President Francois Hollande signed into a law Saturday a bill allowing same-sex couples to marry and adopt. Delete the scoop?
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PARIS (Reuters) - French President Francois Hollande called on Thursday for an economic government in the euro zone that would have its own budget, the right to issue debt, a harmonized tax system and... Delete the scoop?
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BRUSSELS (Reuters) - Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's... Delete the scoop?
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The European Commission has tabled several scenarios for the withdrawal of the 1 and 2 euro cent coins, with the cost of printing these coins greater than their use. Delete the scoop?
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As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. Delete the scoop?
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THERE are three reasons why a managed exit by Ireland from the eurozone is the most urgent economic priority. But first consider this reality. Delete the scoop?
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A new Pew Research Center survey suggests that France and Germany increasingly see the world through different lenses. Delete the scoop?
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LAST YEAR, Germany's Finance Minister Wolfgang Schäuble labeled Portugal "the good pupil of the eurozone." Now, Portugal faces a difficult economic outlook. Unemployment, for example, has hit 18 percent. The coalition government of the Social Democratic Party and the People's Party is demanding more time to implement its austerity measures. What are the underlying reasons for Portugal's downward trend? Delete the scoop?
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Italy’s president Giorgio Napolitano has called for immediate measures to combat a “dramatic crisis” after the country’s industrial output fell back to levels reached in 1979. Delete the scoop?
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Italy offers grim future for children, says report, Country rates low in EU in Save the Children survey, , English News, Ansa Delete the scoop?
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VATICAN CITY (Reuters) - Pope Francis shared personal moments with 200,000 people on Saturday, telling them he sometimes nods off while praying at the end of a long day and that it breaks my heart that... Delete the scoop?
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Warning that debt now a ‘broad social problem’ which is ‘firmly rooted in society’ Delete the scoop?
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Portugual has become the latest country to allow homosexual couples to adopt, three years after it allowed them to marry. The adoption will be of a limited form, restricted to children belonging to… Delete the scoop?
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Greece sees the launch of a new political party, Plan B, which supports leaving the euro and returning to the drachma. Delete the scoop?
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Finland's economic output declined by a moderate 0.4 percent in March from a year ago, as the decline in secondary production was partially offset by the improvement in services and primary production, Statistics Finland reported Wednesday. Delete the scoop?
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The eurozone economy continues to shrink as Germany's economy grew by a meagre 0.1 percent in the past three months, while France slid back into recession, fresh Eurostat data show. Delete the scoop?
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