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France and Germany are standing together on the European Union Recovery Fund with $500 billion in direct nonrepayable aid to needy countries hit by the pandemic. Netherlands is the lone holdout and it is coming under heavy criticism for being "misers", not showing any solidarity. Macron and Merkel walked out together at the end of a late night session. At one point Macron banged his hand on the table saying "sterile blockages" were being made by Netherlands. Italy accused Rutte of the Netherlands of blackmail.
France and Germany are standing together on the European Union Recovery Fund with $500 billion in direct nonrepayable aid to needy countries hit by the pandemic. Netherlands is the lone holdout and it is coming under heavy criticism for being "misers", not showing any solidarity. Macron and Merkel walked out together at the end of a late night session. At one point Macron banged his hand on the table saying "sterile blockages" were being made by Netherlands. Italy accused Rutte of the Netherlands of blackmail.
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Original article 6 minutes, gist 1 minute
Original article 6 minutes, gist 1 minute
LyrArc Article Gist
Concerns that India's deficit will rise from 7.7% to 11.4% fro 2007 to 2008 accoding to one estimate by Morgan Stanley. If this happens with pay increases for government employees and other expeditures on oil and fertilizer subsidies, then it suggests there will be less money available for crumbling infrastructure a serious concern.
Concerns that India's deficit will rise from 7.7% to 11.4% fro 2007 to 2008 accoding to one estimate by Morgan Stanley. If this happens with pay increases for government employees and other expeditures on oil and fertilizer subsidies, then it suggests there will be less money available for crumbling infrastructure a serious concern.
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Karl Rove says Gingrich lacks organization in Iowa, and failed to get enough signatures to get on the ballot in Ohio. He did not qualify for the Missouri primary. Because organization is crucial in the primaries, this remains a Gingrich weakness. Rove reminds readers that according to CBS polls two thirds of Iowa Republicans say they can change their minds.
Karl Rove says Gingrich lacks organization in Iowa, and failed to get enough signatures to get on the ballot in Ohio. He did not qualify for the Missouri primary. Because organization is crucial in the primaries, this remains a Gingrich weakness. Rove reminds readers that according to CBS polls two thirds of Iowa Republicans say they can change their minds.
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Manufacturing output falls at the fastest pace in five years raising questions about the British economy. There was a 1.4% drop in manufacturing output in April 2018, and pressure on sterling.
Manufacturing output falls at the fastest pace in five years raising questions about the British economy. There was a 1.4% drop in manufacturing output in April 2018, and pressure on sterling.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
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The fragility of the financial system is cited as one of the risks for China by Standard & Poors, and by the IMF in 2014. After 2008 total debt including government, corporate and household jumped by 100% to reach 250% by 2014, according to the Economist. The complacency, poor statistics showing bad debt at low levels, the tendency for local governments to continue old practices, dependence on the state to pick up the tab when companies run into losses, or for bad debt at banks, papering over bad loans with new loans, and corruption with close connections between state owned companies and the state, create a situation in which this problem continues to grow.
The fragility of the financial system is cited as one of the risks for China by Standard & Poors, and by the IMF in 2014. After 2008 total debt including government, corporate and household jumped by 100% to reach 250% by 2014, according to the Economist. The complacency, poor statistics showing bad debt at low levels, the tendency for local governments to continue old practices, dependence on the state to pick up the tab when companies run into losses, or for bad debt at banks, papering over bad loans with new loans, and corruption with close connections between state owned companies and the state, create a situation in which this problem continues to grow.
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Original article 5 minutes, gist 1 minute
Original article 5 minutes, gist 1 minute
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