Hard hitting global and local news
Hard hitting global and local news
Very complex and sometimes contradictory laws High level of corruption within public administration and politics Article 18, a section of the Workers Statute makes layoffs for economic reasons very, very difficult and it is applicable to companies that have 15 or more employees. This is a major reason why Italian companies have so few employees. The other one is that Italian company are mainly family run
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Read More: China’s Shadow Banking System Collapses Exposing Numerous Ponzi Schemes; Implosion Reaches Critical Mass
See original article: Why OMT Cannot Possibly Solve Anything; Monti Warns Italian Unions; Over 200,000 Jobs at Risk; Italy’s Insane…
The Wall Street Journal reports Talk of Debt Restructuring Under New Program ‘Not on Table’ The European Central Bank won’t discuss potential write-downs on debt bought under its new bond-buying program, ECB executive board member Joerg Asmussen said Tuesday.
View post: Actual Constitutional Case Against OMT and ESM; Why Bond Buying Undermines Democracy; Is Draghi Above The Law?
Read More: German Constitutional Court Approval of ESM Not a Done Deal; Draghi’s Fatal Mistake?
The Hindu, in their article, " France to fund opposition in Syria ," reported: "Reuters quoted a “diplomatic source†as saying France had started supporting parts of Syria that are apparently being controlled by the armed opposition.
Excerpt from: Japan’s Revised GDP Growth Cut in Half; Current Account Surplus Down 41% to $8 Billion; Mathematical Impossibilities