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Tsipras blasts IMF ‘stalling tactics’

Athens / AFP Greek Prime Minister Alexis Tsipras on Sunday said the IMF was employing “stalling tactics” and “arbitrary” estimates to hold up a reforms review crucial to the country’s economic recovery. The leftist PM said the Washington-based global lender was bent on counter-productive cuts that failed to take into account the improved performance of Greece’s economy. “The review will ...

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Factors behind eurozone’s persistently low inflation

Frankfurt / AFP Despite a raft of different measures by the European Central Bank to kickstart sluggish consumer prices in the eurozone, inflation in the single currency bloc turned negative in February for the first time in five months. The ECB estimates that consumer prices need to rise at an annual rate of close to but just below 2.0 percent ...

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Spanish flexisecurity: Firms’ dream, workers’ nightmare

Barcelona / AFP In 2009, the Nissan factory in Barcelona in northeastern Spain seemed condemned to close. But it was saved thanks to labour rights sacrifices, becoming a symbol of “flexisecurity” — a cooperative approach to labour relations in which employees accept a degree of flexibility in working arrangements — which is being held up as an example to follow ...

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