Spanish minister says future of euro at risk: Spain saw its bond yields shoot up again after the country's economy minister said that the future of the euro would be determined in the next few weeks and would depend on the stability of Spain and Italy. Irish voters back EU fiscal pact: official results: The EU has been spared a headache thanks to the ratification of the treaty -- which would enforce stricter budgetary discipline in countries that sign up -- as a "no" vote could have fuelled a growing backlash against austerity in Europe. Paul Krugman: The Austerity Agenda: Slashing spending while the economy is deeply depressed is a self-defeating strategy, because it just deepens the depression. U.S. Unemployment rises to 8.2% in May: The unemployment rate rose to 8.2 percent in May as only 69,000 jobs were created.
Saturday, 2 June 2012
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