- CHINA / ENVIRONMENT: Beijing Sets New Standard For...Dense Deadly Smog.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- BRASIL: More Headaches For Dilma : Her VP's In-Law On Playboy Cover...And Chief Aide's Dubious Payment.
- MEXICO/ USA : 11 Oct. UPDATE: Navy Admits Killing Top Zetas Leader Lazcano...Was Accident; 'La Ardilla' Smirks Over His Arrest For Falcon Lake Murder; Analysis Of Calderon's 'Kill The Capos' Plan.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- POLAND: C.Bank To Strengthen Zloty By Selling Euros.
- USA / SOCIAL MEDIA / GUN CULTURE: Santa Leaves Heat As Xmas Treats.
- BRASIL: Documentary About Rio Garbage Dump... Up For Oscar.
- GUATEMALA : Court Throws Out Rios Montt Genocide Conviction; Trial Restart Ordered.
- RUSSIA : Drunk's Death Scene Dance...Goes Viral...Offends Many.
06 April 2013
PORTUGAL/ ECB / IMF : 09 April UPDATE: EC Withholds 2 Billion Euros Tranche After High Court Strikes Down Parts Of Austerity Budget.
New facts in italics.
In Lisboa...the Constitutional Court had ruled against 4 of 9 contested measures in the nation's 2013 austerity budget.
It meant the loss of 1.3 billion euros in savings...required by the Troika's $101 billion bailout in 2011.
Center right PM Coelhos must now find new money sources...or renegotiate with the fiscally demanding Troika.
Some economists say that the shortfall is manageable.
Others expect it will be necessary to cut wages and pensions...highly sensitive areas.
The EC announced it is withholding a 2 billion euros tranche due this month...until Lisboa unearths 1.3 billion euros in new spending cuts...that the court struck down.