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Analysis: With Or Without Euro, Europe Must Raise Its Game
yahoo.com 16 hours, 14 minutes agoLONDON (Reuters) - The opening last week in northeastern Spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road. With Spain heavily in debt, the authorities could not afford to finish the highway but opened the completed 6 km section near Lleida in any case to deter illegal joy racing. If only the euro were bringing joy. Maybe the road in Spain will be completed one day, but
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German Finance Minister Says France Committed To Fiscal Pact
yahoo.com 3 weeks agoBERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Monday the election of Francois Hollande as French president would not change France's commitment to budget consolidation and Paris and Berlin would continue to work well together. "Each country can make its own decisions about how it wants to manage its budget, whether it wants to raise taxes and spend more," Schaeuble told broadcaster ZDF. "But the fiscal policy framework, the deficit reduction has been agreed and France will stick to t
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