Word: juncker
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...Some E.U. leaders have attempted to counter their jet-setting image by plane-pooling. The prime ministers of the Benelux nations - Belgium's Guy Verhofstadt, the Netherlands's Jan Peter Balkenende and Luxembourg's Jean-Claude Juncker - will share rather than each take a private plane. Similarly, Swedish Prime Minister Frederik Reinfeldt will travel with Denmark's Anders Fogh Rasmussen, and their Finnish and Estonian counterparts Matti Vanhanen and Andrus Ansip will also share planes...
...Europe cannot be the area of the world's economy to bear the consequences of others' inaction," Juncker told Reuters just hours after the dollar set yet another all-time record low against the euro of $1.43 late Monday. Juncker fears continued depreciation of the dollar will make exports from the euro zone too expensive for outside buyers. Such exports have played a major role in the E.U.'s recent economic recovery. "I will no longer accept that one considers it normal for Europe to accept at its own cost to manage the consequences of the existing global imbalances...
...Juncker's grumblings were preceded by similar criticism across Europe in recent weeks as the dollar dropped, including concerns voiced by German business leaders and economists who had long viewed a strong euro as a symbol of monetary rectitude. That crescendo of protest led France's Economy Minister Christine Lagarde to remind French economic daily Les Echos that Paris had long "sounded the alarm at the risk of irritating" more relaxed euro partners. She applauded signs that they had become "worried about the euro's level, and voiced their wishes to see concerted action" in response. Before...
...strength, but even so, the reaction to a company thought of as Indian buying up metalworking assets was extraordinary. It went far beyond any limits of supposed industrial logic and, at times, involved attacks of a distinctly ugly nature. In Luxembourg, where Arcelor is based, Prime Minister Jean-Claude Juncker called for "a reaction that is at least as hostile" as the bid, and parliament considered a new merger law that would block the deal. In Paris, Finance Minister Thierry Breton lambasted Mittal's decision to make an unsolicited bid, accusing him of having "a grammar problem," while President Jacques...
...croissant in hot vindaloo curry sauce. In much of Europe, Mittal's move was viewed as a rough attempt by "new" India to take on "old" Europe. France's Finance Minister Thierry Breton accused Mittal of having "a grammar problem" and the Prime Minister of Luxembourg, Jean-Claude Juncker, declared: "This hostile bid by Mittal Steel calls for a reaction that is at least as hostile." Dollé worked hard to encourage public opposition, dismissing Mittal as a low-grade operator specializing "in buying up obsolete installations at low cost." Mittal himself insists that the deal amounts to the merger...