Italian Prime Minister Mario Monti said the European Central Bank’s bond-buying plan reduced the stigma of asking for aid, as he followed Spanish counterpart Mariano Rajoy in resisting tapping the bailout program.
President Francois Hollande’s government drew from a well-worn French playbook this week when it threatened to block job cuts at Alcatel-Lucent SA. It’s a game plan that almost always ends with firings happening anyway.
Basque terror group ETA’s move to lay down its arms prompted a “restrained” welcome from Spanish Prime Minister Jose Luis Rodriguez Zapatero as opposition leader Mariano Rajoy called for proof that the group is disbanding.
PSA Peugeot Citroen’s decision to close a factory and cut an additional 8,000 jobs is unacceptable, President Francois Hollande said, pledging to lean on Europe’s second-biggest carmaker to renegotiate the plan.
Spanish teachers went on strike against budget cuts today as labor unions prepare to fight austerity measures that opposition leader Mariano Rajoy has pledged to implement if he wins the general election.