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Paris is famous for its bright lights, but French President Francois Hollande and his energy minister plan to extinguish the city’s trademark glow during overnight hours, in an effort to save money and energy -- putting many business owners and tourists in a dark mood. According to a recent Bloomberg.com report, by summer of 2013, tourists looking to stroll down the renowned Champs Elysees will need a flashlight between the hours of 1 a.m. and 7 a.m.
Hundreds of people protested in downtown Madrid Saturday against a measure that will leave undocumented immigrants without access to free health care, saying the decision by Spain's governing Popular Party amounts to "health apartheid."
The London Olympics begin in just under a month and city officials already have a detailed plan for what will become of the new stadiums and villages post-Games .
When Europe’s finance ministers meet for a group photo, it’s easy to spot the rebel — Anders Borg has a ponytail and earring.
If you listen to the Democrats and Caesar Obammus, more government spending seems to be their only solution to our economic woes. We need to spend more! This Keynesian economic theory is similar to what European welfare countries have been saying.
Its still not over…
Published time: June 18, 2012 14:03 Edited time: June 18, 2012 21:20 Leader of the New Democracy conservative party Antonis Samaras (R) greets the head of Greece's radical left-wing Syriza party Alexis Tsipras (AFP Photo / Pool / Petros Giannakouris Giannakouris) Fresh from its narrow win in Sunday’s re-election, Greece’s centre-right New Democracy has begun hard talks to form a coalition government.
ATHENS—Greece’s conservative party will get another chance to form a government after a narrow election victory Sunday over the anti-austerity leftist coalition that had spooked world leaders and financial markets. New Democracy’s win will reassure investors, and Greeks, who worried that a government headed by the Coalition of the Radical Left would force Greece out of the European common currency and set off a chain reaction that would devastate other vulnerable countries on the debt-ridden continent. The New Democracy leader, Antonis Samaras, has promised to negotiate a friendlier bailout agreement but not to unilaterally annul the current harsh terms — as the left had pledged.
Political parties supporting austerity measures will be able to form a slim coalition government in Greece, according to early exit polls from the elections released on Sunday night. Several polls predicted New Democracy, a center-right party, won the election, receiving between 28.6 to 30 percent of the vote, while SYRIZA, a far-left coalition, came a close second garnering between 27-29%. PASOK, the center-left party expected to be New Democracy’s ally in implementing austerity measures imposed by the European Union, received between 11- 12.5% of the popular vote.
ATHENS- Scandalous details of the lavish life of a former minister who spent 20,000 euros on curtain rods while cash-strapped Greeks buckled under tax hikes and wage cuts have driven anger against the establishment to boiling point before Sunday’s election. Akis Tsohatzopoulos, 72, a once-powerful Socialist arrested on charges of taking bribes and evading taxes, has become a symbol of the corruption that has bedevilled Greece in the 38 years of rule by the Socialist PASOK and the conservative New Democracy, the two parties backing the country’s bailout by international lenders. The affair has become a symbol of the injustice felt by ordinary Greeks, who have seen pensions cut and wages plunge by a quarter last year while their wealthy compatriots still enjoy their yachts and fancy restaurants, seemingly immune to the cuts that have pushed many into poverty and even suicide.
Who works the longest hours in all of Europe? According to the latest survey from the Organization for Economic Co-operation and Development, it’s the workers of Greece.
BRUSSELS—Rarely has an election resonated so widely across the European Union as the French presidential ballot has done. Rarely has a leadership change in one EU member state created expectations of a real policy shift.
PARIS—French President Francois Hollande’s Socialist Party won a solid majority in parliamentary elections Sunday, polling agencies projected, fortifying Hollande in his push for governments to spend money — not cut budgets — to tackle Europe’s economic crisis.
With the euro zone teetering perilously on the edge of total collapse , one would think that politicians in the most critical countries would behave themselves—especially on live television.