Government Slices and Dices Budget Across Board; Most Vulnerable Hardest Hit

Economy

Many struggling families may suffer with an additional €1,000 a year loss after they’re hit by a bundle of stealth charges, with a second wave of additional pain possible. According to Brendan Howlin, Public Expenditure minister, said €2.2 billion in spending cuts would leave all middle-income families to deal with considerably higher bills, as reported in the Irish Examiner.
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Germany, France Come Up With Plan To Handle Europe’s Debt Crisis

Economy

Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France have stuck an agreement that preserves budget discipline, which they anticipate will help get a handle on the Euro debt crisis. The two country leaders will present the plan to EU leaders.
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