Tagged: European Union (EU)

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with massive layoffs in Greece.

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INSKEEP: Greek lawmakers approved emergency plans to cut 15,000 government jobs by the end of next year. They have to do that in order to receive more European Union bailout funds.

The Greek parliament approved a measure in a vote on Sunday. Their new law will overturn what had been a constitutional guarantee for public sector workers to have a permanent position for life.

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RENEE MONTAGNE, HOST:

Spain has lived through years of punishing budget cuts and austerity. This morning, its government unveiled a new economic plan which eased budget targets but acknowledged that recovery was still a long way off. Thousands took to the streets in Madrid overnight, protesting the country's past measures and tax hikes that have left many without jobs.

Lauren Frayer reports from Madrid.

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Google has agreed to modify the way it displays search results in Europe as part of a deal to end a probe by the EU's antitrust body. But rivals Microsoft, Nokia and Oracle will first have to sign off on the changes, reports say.

As ZDNet writes: