Private Sector Involvement (PSI) designates the participation of private creditors in Greek debt reduction. They have until tonight to forgo a portion of the Greek debt they hold. Athens hope that they will grant a haircut from 75% to 90%.
Crucial 24 hours for PSI – I Kathimerini
Banks and insurers and investment funds that hold Greek debt are questioning the legitimacy of the haircut operation, which relies on their goodwill to save Greece from bankruptcy.
Forced into voluntary service – Handelsblatt
In the second stage of the infringement procedure launched on February 17, the European Commission has given Hungary two months to change laws on judges' retirement and the independence of the ombudsman. Brussels also refuses to discuss a loan requested by Budapest as long as the dispute over the independence of the Hungarian central bank is not settled.
Union steamroller on its way – Népszabadság
Warsaw could veto the plan to reduce CO2 emissions that is to be presented on March 9 at a meeting of EU ministers of the environment. The European Commission plan forsees a 80% reduction by 2050 compared to 1990 levels. An unacceptable objective for Poland, where coal provides 90% of its energy.
Fierce battle over emissions – Gazeta Wyborcza
Anders Breivik Behring has been formally charged with premeditated murder and terrorism for the attack in Utøya and Oslo, which caused 77 deaths last year. According to the Department of Health, the survivors have not been given sufficient psychological and legal assistance.
Survivors left alone after 22 July – Aftenposten
After a man murdered his wife and injured six other people after refusing her a divorce, the Bucharest daily reopens the debate on capital punishment in Romania. It bases its argument on a 2010 survey in which 91% of respondents expressed their support for this measure.
Death penalty: we want it but it's not possible – Adevărul
Teachers began a 3-day strike on March 7 demanding a 20% pay increase, (€730 per month for trainee teachers, and €1067 for certified ones). Several other sectors, including public transport and national electricity are to join the movement on 8 and 9 March.
Schoolfree day – Postimees
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