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Only one day after agreement on a second bailout for the country, the Greek government has announced a deficit of 6.7% of GDP. Higher than expected, it is due to a decline in tax revenues and increased social spending in the context of recession.
Surprise! Athens discovers new hole – Die Welt
Under pressure from professional organisations, the Italian government has backed down on plans to liberalise the gas market, and the taxi and pharmacy sectors. The idea of property tax on church assets could also be abandoned.
Liberalization, lobbies win – La Repubblica
Experts from the EU, the ECB and the IMF are in Lisbon assessing Portuguese national debt. The government is forbidden from using pension funds held by banks to pay off arrears to the public health system. It will be forced borrow from them.
Troika "prohibits" government from paying health sector debts – Diário de Notícias
Many young Southern Europeans, qualified and English speaking, are applying for jobs in major Czech companies such as carmaker Škoda and the national electricity company ČEZ.
A Greek, a Spaniard and an Italian looking for work in the Czech Republic – Lidové noviny
The European Commission is willing to allow some countries to cut their deficits less than previously demanded, if they so request. It considers it "ridiculous" to maintain "unrealistic demands".
Brussels to allow small reductions in public deficit targets – El País
Marie Colvin, 56, a celebrated war correspondent for British newspaper The Sunday Times, was killed in Homs, Syria, during a bomb attack led by the forces of Bashar al-Assad against insurgents. The French photo-journalist Ochlik Remi, 28, was also killed.
The price of truth – The Times
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