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Portugal, Ireland and Greece are in trouble again

Portugal, Ireland and Greece are in trouble again

November 16, 2010 No Comments

On Monday the European statistics agency, Eurostat, revised Greece’s budget shortfall up to 15.4% for last year. This statistic as well as the current difficulties Portugal, Greece and Ireland are experiencing with their bond prices put Europe in a position of having to consider to offer help again. The question today is whether these countries ...

Britain cutting down its budget deficit

Britain cutting down its budget deficit

October 23, 2010 No Comments

Britain’s chancellor, George Osborne, has announced his plan to cut £81 billion by 2014-2015 to cut budget deficit. The deficit amounts to approximately 10% of GDP this year. The first step is done, £5 billion have already been shaved of this year’s spending but the chancellor is planning on taking drastic measures to reach his ...