Spain’s civil servants carried out a strike on June 8th to protest against pay cuts.
José Luis Rodríguez Zapatero(Spanish PM, announced a 15 billion($18 billion) two year austerity package last month.This week the Spanish PM is likely to announce labour-reforms.This may call in for a massive strike.
Hungary currently has a deficit of 7% of GDP.On account of one more default worry in Europe by the nation(Hungary),June 4th world markets melted.ON jUne 8th the Govt. Had come out with a new tax reform to reduce the deficit.
In GReece the inflation went up by 5.4% in may 2010 as compared to 4.8% a month earlier.
In Germany industrial production went up by 0.9% in APril.
