France provides more benefits for workers

Note: This section contains information in English only.
Source: The Wall Street Journal
While European countries responding to the Eurozone's debt crisis are tightening belts, French President F. Hollande has provided more generous retirement benefits and moved lower the retirement age from 62 to 60 years old for some workers. The pension decree might increase tension between Germany and France, which are arguing how to effectively address the crisis. 
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Thu, 07 Jun 2012 08:09:33 GMT

UK Construction Sector shrinks

Activity in the UK construction sector slowed for a second month in a row, as a number of new orders declined and confidence in the economy plunged due to the recession-hit UK economy and worsening Eurozone crisis. The construction industry's PMI decreased to 54.4 in May from 55.8 in April. The data came after the PMI for the manufacturing sector

Thu, 07 Jun 2012 08:42:33 GMT

US officials concerned about developments in Eurozone Banks

Timothy F. Geithner, US Treasury Secretary and Ben Bernake, Fed Chairman are worried about the current situation in Eurozone banking industry, said Jyrki Katainen, Finnish PM. Leaders met on Wednesday to discuss how to tackle problems in Spanish financial sector and in other European nations to avoid another banking sector collapse. 

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