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Spanish PM enjoys a cigar in New York as his government thrashes out $30bn worth of cuts and tax rises in new round of austerity measures

Markets have steadied after yesterday’s rout, but the mood is tense
The FTSE 100 index was up 9 points at 5,777.1 in early trading today

Pictures of Spanish Prime Minister Mariano Rajoy enjoying a cigar on New York’s Sixth Avenue emerged today as his government put the final touches to a new round of tough austerity measures.

The conservative leader’s conspicuous taste for the finer things in life jarred as he asks Spaniards to [...]

Syriza Takes Advantage Of Spanish Bailout To Boost Its Winning Odds

On Saturday, when we discussed the impact of the Spanish bailout for other European countries, focusing on Ireland which had promptly requested a renegotiation of its own terms to match those of Spain, we noted that “Syriza’s Tsipras should send a bottle of the finest champagne to de Guindos – he just won him the election.” It appears that the leader of the Greek anti-bailout party wasted no time to [...]

Ron Paul Endorsed by South Dakota State Rep. Jon Hansen

PoliticalNews.me - May 21,2012 – Ron Paul Endorsed by South Dakota State Rep. Jon Hansen

Young conservative leader says, “Ron Paul’s consistency and integrity goes unmatched in today’s political environment.”

LAKE JACKSON, Texas – 2012 Republican Presidential candidate Ron Paul was endorsed by South Dakota State Representative Jon Hansen (R-Dell Rapids).

Serving his first term, the conservative upstart Rep. Hansen represents South Dakota’s 25th House District encompassing Hanson, McCook, and Minnehaha counties. His committee [...]

Greek conservative leader Samaras: Radical Left leader Tsipras not agreeing to coalition government – AP

Hollande warns of wave of layoffs in France after presidential vote

(Reuters) – France’s Socialist presidential frontrunner Francois Hollande said on Saturday he was expecting a wave of layoffs to follow next weekend’s election, but pledged his government would not stand idly by as companies dismissed workers.

Hollande, 57, is on track to win the May 6 runoff against President Nicolas Sarkozy, due largely to the conservative leader’s failure to keep his promise to cut stubbornly high unemployment in the euro zone’s [...]

Greek conservative leader Samaras welcomes EU/IMF bailout, warns targets can only be met through ‘growth’ – Reuters

Feb 21 (Reuters) – Greek conservative leader Antonis Samaras, a strong contender to become next prime minister, welcomed the latest EU/IMF rescue package to avert a chaotic default on Tuesday but said its debt-reduction targets can only be met through economic growth.

“Without the rebound and growth of the economy … not even the immediate fiscal targets can be met, nor can the debt become sustainable in the long-term,” he told [...]

Largest ever EU rebellion rocks British PM

United Kingdom Independence Party (UKIP) supporters take part in a demonstr…

A United Kingdom Independence Party (UKIP) supporter with a mask of Prime M…

From breitbart:

David Cameron on Monday suffered his largest parliamentary rebellion since becoming prime minister as around 80 Conservative lawmakers defied their leader to vote in favour of holding a referendum on Britain’s EU membership.

Cameron’s government, which is against holding a referendum, in the end won the House of Commons vote [...]

Reforming hospitals: The British government hopes to squeeze hospital costs without closures

THE government has put its ambitious health-care reforms on hold, while David Cameron tries to calm a bout of anxiety in his coalition. However, many hospitals are already finding that a combination of rising costs, heavy debts and looming budget cuts is forcing them to seek mergers with stronger institutions or even private-sector takeovers. Even less palatable for the coalition—and patients—there are worries that as the government seeks to save [...]

Euro Bailout Funds In Trouble: Center-right National Coalition party win Finnish vote as anti-euro True Finns party makes gain – AP

By Karl Ritter

HELSINKI—Finland’s electoral commission says the conservative National Coalition Party has won the Nordic country’s election, while a nationalist party opposed to eurozone bailouts made the strongest gains.

With all votes counted, the conservatives won 20 percent [...]