Moody’s put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
UK put on downgrade threat by Moody’s – Financial Times
Europe was the main target for Chinese investment in 2011. The EU-China Summit in Beijing today and tomorrow will be dominated by the European debt crisis that the Chinese government says it wants to help resolve, in order to prevent a slowdown in global growth.
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China favors buying European companies – Les Echos
Polish exports increased by 15% in 2011, driven by the kitchen appliance, car and computer sectors. But with the crisis, "this success will be difficult to repeat," warns the Warsaw daily.
Fight crisis with exports – Rzeczpospolita
According to government sources, the IMF is demanding abolition of the flat income tax rate of 16% as a condition for financial aid to the country. The government is prepared to accept, writes the Budapest daily.
Flat tax will be victim – Népszabadság
A petition signed by politicians, intellectuals and artists have called on Czech PM Petr Necas to sign the EU fiscal pact. The Czech Republic currently stands alone with the UK in not signing up.
300 personalities demand: let us remain in Europe – Lidové noviny
The European Commission, Chancellor Angela Merkel and the OECD have expressed their satisfaction with a law which makes the Spanish labour market more flexible. Passed on February 10, trade unions consider it unconstitutional.
Europe supports government's labour reform – La Vanguardia
Romania is confronted by heavy snowfall that has cut off villages, blocked roads and railways and disrupted health services. The conservative Bucharest daily joins the government in accusing Romanians of not "fighting" the snow themselves.
I'm lazy and I expect the government to clear the snow – Jurnalul Naţional
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