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Thursday, February 28, 2013

From the Heart of Europe | 28.02.2013, 15:00 UTC

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Business
Auto Industry
Opel workers shrug at grace period for Bochum plant
Auto giant General Motors (GM) has struck a deal with labor at its German subsidiary Opel, keeping its Bochum plant open until 2016. Although this prevented a premature closure in 2013, it is a cold comfort to workers.
Jobs
EU fights youth unemployment with job offer guarantees
EU leaders have agreed a scheme to fight debilitating youth unemployment in the 27-member bloc. Resources allocated to the program are to be used to organize job and apprenticeship offers.
Auto Industry
Opel's Bochum plant not to close before 2016
Company works council officials have said that the Bochum production facility of the German carmaker Opel will not close before 2016. The struggling subsidiary of General Motors has been facing draconian cost-cutting.
Jobs
German jobless figures up only slightly
The German labor market has shown no relevant signs of weakening despite a slight rise in the number of jobless people in the country. The end-of-2012 economic contraction did not throw many people out of work.
World
Russia
Young, educated and unemployed in Russia
It's not only the EU "crisis" countries that have high levels of youth unemployement. In Russia, many recent graduates are taking any job they can find. Experts are calling on Russia's politicians to change that.
Italy
Beppe Grillo: Italian clown or new hope?
He's the "enfant terrible" of Italian politics, whose one-liners made headlines throughout the election campaign. Beppe Grillo could end up as the kingmaker of Italian politics - it's a role he says doesn't interest him.
Religion
Critics charge Vatican with Eurocentrism
The majority of the 125 Catholic cardinals now hail from Europe. Some critics argue that the Church appoints too many Europeans to the influential posts, even as the number of Latin American Catholics grows steadily.
News
Politics
Slovenia's designated prime minister expresses confidence in economy
Slovenia's prime minister-designate Alenka Bratusek has pledged to lead the country out of its worst economic crisis in 22 years. Her comments follow Wednesday's toppling of the conservative government.
Banking
EU agrees to cap bankers' bonuses as part of new financial legislation
European Union officials have agreed a new financial reform package including a cap on bankers' bonus payments. The deal, designed to calm public anger at the financial sector, could be introduced as early as next year.
Germany
Rescue of Germany's Frankfurter Rundschau newspaper approved
A major German newspaper the Frankfurter Rundschau appears to have been saved from insolvency but with many job losses. Anti-monopolies officials have approved its takeover by Frankfurt's Allgemeine Zeitung.

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