Trumponomics may be wrong medicine for U.S. economy today
WASHINGTON Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines.
BRUSSELS Greek Prime Minister Alexis Tsipras defended on Thursday his governments plan to give poor pensions a one-off bonus saying the move did not risk derailing its fiscal targets.
Speaking after an EU summit in Brussels, Tsipras said it was "understood by all sides that it was a one-off measure" based on better-than-expected fiscal performance.
"I want to stress that these are measures that do not jeopardise the programme nor the primary surplus for 2016 and have no fiscal impact on 2017 and 2018," he said.
Tsipras said he expected the country's lenders, who froze a short-term debt relief agreed this month until they assess the impact of the measures, to prepare a report "stating the self-evident: that there will be no fiscal impact."
He said Athens stood ready to provide clarifications towards what he called a "misunderstanding."
(Reporting by Michele Kambas; Writing by Karolina Tagaris)
DAVOS, Switzerland Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.
BRUSSELS Heineken, the world's second largest brewer, said on Friday it was in talks with Japanese rival Kirin Holdings Co Ltd over the latter's struggling business in Brazil.