Word: juncker
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Dates: during 2000-2009
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...Federal Reserve, which has ratcheted up rates 12 times since June 2004. Trichet's comments calmed financial markets, but they didn't satisfy Continental politicians who accused the bank of jeopardizing Europe's nascent recovery. "I regard this interest rate move as too early," said Jean-Claude Juncker, chairman of the group of euro-zone finance ministers. He disputes one of the bank's key arguments: that the current abnormally high inflation rate of 2.5%, driven in part by oil prices of over $60 bbl., will spark demands for higher wages that will set off a cycle of price increases...
...j5.2 billion annual rebate Britain receives from Brussels unless spending on agriculture, which accounts for more than 40% of the total E.U. budget, was revised - a proposal Chirac flatly rejected. Bertie Ahern, the Irish Prime Minister, called the budget debate "pathetic and embarrassing." Luxembourg's Prime Minister, Jean-Claude Juncker, who chaired the summit, said: "Europe is not in crisis. It is in a profound crisis...
...Builders Confederation, which is seeking an exemption from the directive. Unions across Western Europe have raised the specter of an army of low-paid service workers without social benefits arriving from Central and Eastern Europe, undercutting prices and destroying local jobs. Some government heads agree. Luxembourg's Jean-Claude Juncker, who currently holds the E.U.'s rotating presidency, said last week that "we must remove any proposals that open us up to the danger of social dumping, tax dumping or regulatory dumping...
Deficit Mending Last week, during negotiations among E.U. Finance Ministers, Luxembourg 's Prime Minister Jean-Claude Juncker sounded like a calculus professor who'd run out of blackboard space. He's struggling with a difficult problem: how to revamp the stability and growth pact - the much-violated E.U. doctrine designed to govern fiscal rectitude - a task that falls to Juncker while his country holds the rotating E.U. presidency. The pact caps euro-zone countries' deficits at 3% of GDP; Germany and France want to change the rules on what spending gets counted in deficit calculations. Germany, for example, wants...
...proposed exemptions: defense spending, R&D costs and contributions to the E.U. budget. The proposals drew fire. "Adding a long list of exemptions would blur the picture," says an Estonian diplomat. "Inflation, investment and credit ratings are all at stake." Juncker even warned the pact could be left as is, which would rile France and Germany. Next week, he'll bring ministers together again to try to find a compromise. But few expect a solution until E.U. leaders meet in Brussels later this month - if then. BA Gets A New Pilot Talk about getting an upgrade. Willie Walsh, former boss...