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Published on 16 March 2012 at 10:12

Hungary’s National Day was marked by rival demonstrations in Budapest attended by supporters and opponents of Prime Minister Viktor Orbán. Close to 250,000 people including 2,000 Poles participated in the pro-government march, while approximately 100,000 people took to the streets in support of the Milla “A million for press freedom” organisation.

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National day in a divided country – Népszava

The economic daily reports that the Chancellor will propose that her Minister of Finance replace Luxembourg’s Prime Minister Jean-Claude Juncker at the head of Eurogroup, when his mandate ends in June.

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Merkel wants Schaüble for euro top job – Financial Times Deutschland

The government has replaced six of the eight directors of the airline, which is 55.8% owned by the state. In 2011, several members of the board payed themselves excessively high bonuses at a time when Finnair was encountering financial difficulties which led to pay cuts for ordinary staff.

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Finnair empire brought down – Helsingin Sanomat

Former Minister of Economics Pavol Rusko is the first highly ranked politician to charged in connection with the “Gorilla” corruption scandal. In 2004, he helped the Penta financial group to acquire the PPC power company, in exchange for a bribe of 60 million crowns (approximately €2 million).

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Rusko charged in Gorilla investigation – SME

Under the terms of a proposed government reform taxpayers will decide if 0.3% of their income tax should be given to the Polish Catholic Church. The church is currently financed to the tune of 90 million zlotys (€27.5 million) by a public fund.

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Taxpayers to decide on fund for church – Rzeczpospolita

The number of Dutch job seekers declined in February, but more than 100,000 people aged under 25 are out of work. The rate of unemployment for the age group, which has been affected by increasing flexibility on the job market, stands at 11.9% as opposed to 6% for the population in general.

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Unemployment down but young people suffer – De Volkskrant

In the budget to be presented next week, Chancellor George Osborne will slash the UK’s top income tax rate from 50% to 40%.

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Osborne poised to slash top tax rate from 50p – The Guardian

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