German Chancellor Angela Merkel (d), and the Danish Prime Minister, Helle Thorning Schmidt (i), signed the Pact. EFE The search for the successor to Juncker are responsible to Van Rompuy The Eurogroup avoids the definite yes to the Greek rescue although it notes progress Great Britain and Czech Republic are the only ones that did not signed the agreement The signature is a triumph for Germany, which pushed for the agreement to try to avoid a repetition of the uncontrolled spending that led to the crisis of debt Brussels, Belgium (02/MAR/2012)-all States members of the...

Jean-Claude Juncker will not be renewed after the summer for a new term as President of the Eurogroup. REUTERS The President of the Eurogroup, Jean-Claude Juncker will leave office in summer The Eurogroup is the informal forum that brings together the Finance Ministers of the euro area, and is chaired by Juncker Luxembourg since its inception Brussels, Belgium (02/MAR/2012)-EU leaders have called on the President of the European Council, Herman Van Rompuy, that carried out consultations to find a successor to Jean-Claude Juncker, who will not be renewed after the summer for a new...

Bruno Ferrari said that Mexico is willing to renegotiate the agreement under ‘terms of reciprocity’. FILE They put brake auto negotiation Brazil proposes “flexible” quotas to Mexicans The South American country requested to introduce import quotas to balance the trade balance The two countries will meet in Mexico all next week to resume negotiations Mexico City (MAR/01/2012)-Mexico expected to reach an agreement with Brazil next week in the revision of a Treaty of free trade in cars, after complicated negotiations by the Brazilian demand for...

The Prime Minister of Luxembourg and head of the Eurogroup, Jean-Claude Juncker. EFE Papadimos renounced his salary to assume the post of Prime Minister The blame for the crisis is not Greece, but their politicians: Nana Mouskouri It will analyse euro area in March if Greece meets condition for rescue They are confident that the measures to be implemented are carried out soon On 9 March, Eurogroup will hold a conference call which will decide whether Greece has complied with a list of conditions Brussels, Belgium (01/MAR/2012)-euro zone finance ministers avoided today...

The Greek Prime Minister, Lukás Papadimos, took office in November, 2011. EFE The salary is around the 105 thousand euros gross per year What he didn’t do public then because not intended it to be a matter of public debate, but that is a personal choice Athens, Greece (01/MAR/2012)-Greek Prime Minister Lukás Papadimos, has not claimed for his work since he acceded to the head of the Government the last November, since he voluntarily renounced his salary to the serious crisis affecting the country hellene. Thus has today confirmed it in Athens a collaborator of...

The Government has launched a plan to reduce the workforce in charge of the administration. AP It is hoped a possible crisis in the public services The public sector in this country is preparing for an exodus that could impact the care of citizens Dublin, Ireland (29/FEB/2012)-some 9,000 Irish personnel will abandon their posts before the morning start to apply the new retirement conditions, forcing the Government to undertake contingency plans to deal with a possible crisis in the public services. Already punished by the severe cuts introduced in the General budgets of the...

Ben Bernanke appears before the Committee on financial services of the House of representatives. EFE The level of unemployment reported in January was 8.3 per cent High unemployment will have also a negative impact on projections of the growth of the American economy this year WASHINGTON, USA (FEB/29/2012)-Although the fall in unemployment in United States was faster than expected, their levels will remain high this year, today warned lawmakers the President of the Federal Reserve (FED), Ben Bernanke. High unemployment will have also a negative impact on projections of the...

Hundreds of students of universities and institutes of Madrid, during a protest. EFE Spanish, fed up with the “financial coup” They protest against cuts to education in Spain They protest against the labor reform in the Iberian country The new days of demonstrations will be the next 8 March, coinciding with the validation in the Parliament of the Royal Decree of 11 March and the reform MADRID, Spain (FEB/29/2012)-the two major Spanish unions, workers commissions (CCOO) and the General Union of workers (UGT), today called for new demonstrations against the labor...

The Chancellor (i) and the Minister of development (2i) of Brazil receive Mexicans Bruno Ferrari and Patricia Espinosa. EFE Mexico and Brazil collide by automotive agreement They began negotiations on the carioca position on the Economic Complementation Agreement The Undersecretary of foreign trade of the said they topics of heavy vehicles, regional content and measures aimed at balancing trade Mexico City (FEB/28/2012)-talks hold the holders of the Secretaries of Foreign Affairs (SRE) and economy (SE), Patricia Espinosa and Bruno Ferrari, in that order, with their peers in...

The German Constitutional Court judges announced its rejection of the establishment of a small Guild of nine members. EFE Angela Merkel sought only a group of nine to take decisions The coalition Government who leads Merkel reported Tuesday that adjusted the regulations according to the stipulations of the constitutional judges Berlin, Germany (28/FEB/2012)-El Germany Constitutional Court today ruled that urgent aid measures may not be decided by a Guild of nine legislators, as established in the Government of Chancellor Angela Merkel.   The coalition Government who leads...

The Honda company would be one of the most affected if approval of the new measures on the automotive industry. FILE Americans want to include heavy vehicles The Secretaries of economy and foreign trade of both countries will have a two-day Summit SAO PAULO, BRAZIL (FEB/28/2012). -Brazil and Mexico will discuss the future of its automotive agreement with tightrope business about four thousand today 300 million dollars annually, almost half of the trade between both economies.     Negotiations scheduled for today and tomorrow in Brasilia between economy Secretary, Mexico,...

Young people are the most affected by the global financial crisis, says the OECD statistics. The reforms will impact the economy: Gurría In the countries that are members of the OECD unemployment reaches 8%, and among young people reaches up to 20 percent Mexico City (FEB/27/2012)-the world is heading towards a lost generation of young people, product of the economic crisis, said the Organization for cooperation and economic development (OECD). “We are in danger of that there is a lost generation because they are young people who told them that if they prepared better,...

The Conference was developed between the leaders of the G-20. AFP G20 calls Europe one greater firewall before giving more funds to IMF The G20 seeks to assemble large Rescue Fund for April Some stability has led to moderation of emerging economies LaGarde warns of risks as high levels of debt, public and private Mexico City (FEB/26/2012)-the world economy has not come out of the danger zone, while it has reached some stability, warned the President of the International Monetary Fund (IMF), Christine Lagarde. In Conference, the official noted that there are still risks as...