Hard hitting global and local news
Visit site: Eurozone PMI In Steep Decline as Services Suffers Worst Month Since Mid-2009
The BBC reports hours of hard bargaining await . Countries that rely heavily on EU funding, including Poland and its ex-communist neighbours, want current spending levels maintained or raised. The UK and some other net contributors say cuts have to be made.
Note that the first step in liquidation will be the firing of 15,000 workers including the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores. At least a dozen readers sent emails in response to my previous two posts on Twinkies. One misguided soul from the Netherlands wrote "Your article on the bankruptcy of Hostess is so extremely biased
More: No Greek Deal; Talks Postponed Till Monday; Who Blinks First?
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Read More: Stocks Rise on Can-Kicking Optimism; Leap of Faith Justified?
See the original post: Nightmare Scenarios for Obama’s 2nd Term
Real Estate Sales Collapse in Paris and Ile-de-France; New Home Starts Lowest Since 1998; VAT Hike to Make Matters Much Worse Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France.
More: Lagarde Says Greece Deal Should be "Rooted in Reality"; Mish Says Lagarde Should be "Rooted in Reality"