Hard hitting global and local news
German Chancellor Angela Merkel sealed the fate on that score as Berlin plans to streamline EU but avoid wholesale treaty change .
Read More: Wild Swings in Gold and Silver; Time to Give Up Hope?
View article: EU On Collision Course With Germany Over Tariffs; Yet Another Reason for UK to Exit EU
Here is the result: Thousands rally in Rome against cuts . Thousands of protesters, led by trade unionists, have rallied in the Italian capital Rome against the policies of the new coalition government. Wielding red flags and placards, they urged the centre-left Prime Minister, Enrico Letta, to scrap austerity measures and focus on job creation
The Philly Fed Business Outlook Survey shows regional activity weakened with current indicators negative. The Six-Month Outlook brightened in what I believe is rampant over-optimism
Read More: Brussels Puts Spain Under Surveillance; Brussels Denies Putting Spain Under Surveillance
The Financial Times reports France contracts in 1st quarter as Germany returns to growth French GDP shrank by 0.2 per cent in the first quarter, the same rate of decline as the final three months of 2012, according to Insee, the national statistics office. Investment, measured by gross fixed capital formation, remained weak, falling a further 0.9 per cent after 0.8 per cent in the fourth quarter. Exports fell and construction output fell
The answer boils down to election math. Japan News shows 63 and 100 are crucial figures in upper house election . click on chart for sharper image Resolving the problems of the divided Diet and revising the Constitution depend on two key numbers–63 and 100.
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Paul Krugman "Was" Right Before discussing Paul Krugman and how right he was, let’s first take a look at the Spiegel Online report EU To Impose Tariffs on Chinese Solar Panels .