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The German President Christian Wulff has resigned, after a prosecutor asked parliament to approve lifting his immunity from prosecution. Wulff is suspected of corruption, and of abusing his position before becoming head of state.
Wulff risks losing his immunity – Die Welt
In its annual report, Italy's Court of Auditors has revealed that the national treasury lost "about 60 billion euros" in 2011 due to corruption. The court found that the treasury fails to recover 36% of VAT revenues.
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"Corruption is spreading" – La Repubblica
Interviewed by a parliamentary commission of inquiry into covert funding of political parties, lobbyist Peter Hochegger has implicated 28 political personalities both present and past.
Hochegger unveils network – Die Presse
At 14%, unemployment has more than tripled in the last ten years in Portugal. 35.4% of 15-24 year olds are without work.
460,000 jobs have disappeared in Portugal since beginning of crisis – Público
Vote no and get more powers. That was the offer on the table from British Prime Minister David Cameron on a visit to Edinburgh yesterday, as he pledged to reopen the devolution settlement for Scotland if voters rejected independence in the forthcoming referendum.
Cameron offers a deal to reject independence – The Scotsman
Ireland will seek to move Europe beyond austerity and place renewed emphasis on boosting economic growth when it assumes the presidency of the EU in the first half of 2013, Irish PM Enda Kenny has said. In a speech suffused with religious imagery at Harvard University in Massachusetts, Mr Kenny drew a link between Ireland’s role in spreading Christianity in Europe and the role the country could play in the EU’s economic recovery.
Kenny: We can lead EU out of doldrums – Irish Examiner
Agreement on a new Greek austerity plan, reforms initiated in Italy and the renewed competitiveness of Ireland suggest a glimmer of hope as Europe seeks to emerge from the crisis, provided that "the urgency which has driven progress so far" does not dissipate.
A way out of the woods – The Economist
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