The shock that Hollande wants to avoid

On board Emirates A380

Louis Gallois is behind a report on the French economy that president Hollande really don’t want to act upon. (Photo by Ammar Abd Rabbo, on Flickr)

The competitiveness of France is too low.

And according to a report, that will be published later today, written by the respected French industrialist, Louis Gallois, the country will need a “shock treatment” in order to become competitive with a country like Germany.

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A hotline for Europe


Tim Geithner and Mario Draghi at a meeting in The International Monetary Fund. According to Geithners calendar, those too are getting pretty good phone-buddies. (Photo by International Monetary Fund, on Flickr).

It seems like U.S. Treasury Secretary, Tim Geithner, has found his trusted partner in solving the eurozone crisis.

In a new report made by the Think Thank Bruegel, the president of the European Central Bank, Mario Draghi, is the person he calls.

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Number of the day:
4.8 million are now without a job in Spain

Rajoy y Espe en Sanse

Spanish prime minister, Mariano Rajoy, can once again notice a rising amount of jobless people in his country. (Photo by PP Madrid, on Flickr)

The number of people looking for a job in Spain rose by 2.7% in October, according to new monthly numbers released by the Spanish labour ministry, writes the BBC.

This is the third month in a row were the number of jobless in Spain climbed up, and a total of 4.8 million people are now looking for job in Spain.

Sweden considers a veto on the EU budget

General Affairs Council meeting 26 June 2012

Minister of European Affairs, Birgitta Ohlsson, next to the foreign minister of Sweden, Carl Bildt. Ohlsson is furious on the budget proposal and does not exclude a Swedish veto at the EU budget summit later this month. (Photo by SWE_EUpress, on flickr)

According to the Swedish daily, Svenska Dagbladet, Sweden is the country that pay the most to the EU budget, and in the budget proposal they will end up paying even more.

This makes their minister for European Affairs furious.

– We are not ready to pay this. We won’t do it, says Birgitta Ohlsson.

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