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In a report to be published on 1st May, the International Labour Organisation warns against austerity plans, which could lead to greater poverty and generate social conflict in Europe. The United Nations agency reports that one in 5 members of the 15-24 age group is unemployed and predicts that the situation will not improve before 2016.
Young, European and unemployed – Berliner Zeitung
On 29 April, tens of thousands demonstrated against austerity measures in cities across Spain. In response, the Prime Minister defended tax increases and announced that further budget cuts would be presented on 4 May.
Rajoy responds to the street with more reforms – El Periódico de Catalunya
Over the month of April, interest rates on Portuguese two-year bonds fell from 9.66% to 7.96%, setting a global record and indicating that the markets do not believe the country will require a second bailout.
Record drop in interest on sovereign debt in April – Jornal de Negócios
Brussels is managed by “Old Europe”, complains the daily, which compares the numbers of Poles and Spaniards in EU jobs. Although the population of both countries is similar, Spain has 709 departmental heads while Poland has only 56, and Spain has four directors while Poland has only one.
Posts are not for Poles – Rzeczpospolita
The German car maker has offered employees at its Bratislava factory an average bonus of 1,305 euros. The payout is 500 euros more than the amount offered to Czechs working for Škoda, another one of the group’s brands, and five times less than the sum offered to German workers — an average of 7,500 euros.
Volkswagen pays record bonuses – Hospodárske Noviny
At its congress, the German Pirate Party elected a new leader, Bernd Schlömer, with a brief to develop a real programme ahead of general elections in 2013.
Pirates move into position – Die Welt
From 1st May, foreigners will not be allowed to visit coffee shops in southern Netherlands. Only residents of the country will be allowed a wietpas or entry card enabling them enter the coffee shops where they can buy and consume soft drugs.
The last joint – De Standaard
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