Hard hitting global and local news
View article: Germany’s Net Foreign Assets Exceed €1 Trillion; 10 Compete Failures of the Eurozone
See the original article here: EU Warns Portugal on Austerity Measures; Portugal Faces Fresh Spending Cuts; Second Bailout Coming Up
Portugal’s Constitutional Court has ruled several key articles of the 2013 state budget unconstitutional.
First consider Underwater: The Netherlands Falls Prey to Economic Crisis . The Netherlands, Berlin’s most important ally in pushing for greater budgetary discipline in Europe, has fallen into an economic crisis itself
Incentivized to Cheat Posted by Michael Shedlock at 12:21 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Read More: Jobs +88,000, Unemployment Rate 7.6%, Household Survey Employment Drops by 206,000
Our neighbor to the North also suffered from an unexpectedly weak jobs report today, the worst monthly job losses in more than four years . Canada shed 54,500 positions in March, more than wiping out the 50,700 jobs that were added in February, Statistics Canada said on Friday. Market operators had expected a modest gain of 8,500 jobs
Read the original post: History Licking Its Chops to Judge George Bush
See more here: 97% of Spain’s Social Security Pensions are Invested in Spanish Government Debt