Portuguese Parliament Passes Austerity Budget
Portugal passed a tough austerity budget for 2011 on Friday, in a bid to cut the country's deficit to 4.6% of GDP in 2011. The 2011 budget raises the value added tax (VAT) from 21% to 23%, cuts civil servant wages by 5%, and slashes public spending.
Obama Meets With EU Leaders on Trade
After two days of meetings in Lisbon that began with NATO and included the EU, President Barack Obama covered a lot of ground and termed the meetings "extremely productive."
Reclaiming American Independence
In a startling briefing to trade union chiefs in Europe in June, EU President Jose Manuel Barroso reportedly warned of a possible collapse of democracy...