Friday, December 15, 2017

European leaders push for $163 billion in spending to spur economic growth

ROME — The leaders of France, Germany, Italy and Spain have agreed to push for a growth package worth up to $163 billion at a European Union summit next week that's intended to kick-start the economy and safeguard the currency bloc.

French President Francois Hollande, German Chancellor Angela Merkel, Spanish Prime Minister Mariano Rajoy and Italian Premier Mario Monti, playing host, provided few details beyond agreement on pursuing a financial transaction tax — something Germany has championed.

Economists said the size of the growth package would be modest, about 1 percent of the euro alliance's gross domestic product. But they said it marked a recognition by Merkel that more government spending would be needed.

"It is at least a step in the right direction," said Ted Truman, a former international economics adviser at the Federal Reserve and at the Treasury Department in the Obama administration. "The tone has changed, in part because the German economy has not been doing as well recently."

Monti is trying to build a bridge between Merkel's insistence on fiscal discipline and recently elected Hollande's focus on growth. Monti has warned of severe consequences for the 17 countries that use the euro and the world economy if next week's summit fails.

Comments
Florida Gators, Florida State both on track for lackluster recruiting classes

Florida Gators, Florida State both on track for lackluster recruiting classes

A month ago, the Gators and Florida State were both on track to land top-10 recruiting classes.Less than a week before the inaugural early signing period begins, both are on pace to land their worst classes of the Rivals era, with the crazy coaching ...
Updated: 4 hours ago
For elimination of Latino student achievement gap, USF gets another top ranking

For elimination of Latino student achievement gap, USF gets another top ranking

For its work eliminating the completion gap between Latino and white students, the University of South Florida has been named the nation's top-performing public university for Latino student success.It's another feather in the cap of the Tampa instit...
Updated: 4 hours ago
Here are this week’s pop culture winners and losers

Here are this week’s pop culture winners and losers

Salma HayekSalma Hayek has spoken out against Harvey Weinstein, calling the producer a "monster" who threatened her career and her life after she reportedly denied his sexual advances. Hayek said working with Weinstein on the film Frida was like "goi...
Updated: 3 hours ago
What to watch this weekend: ‘A Christmas Story Live,’ Star Wars movie marathon, Hollywood Christmas Parade

What to watch this weekend: ‘A Christmas Story Live,’ Star Wars movie marathon, Hollywood Christmas Parade

OH, FUDGE! A CHRISTMAS STORY LIVE!The trend of live musicals broadcast on television isn't slowing down anytime soon, and A Christmas Story Live! — based on the classic holiday movie and Broadway musical — was ripe for the next taking. Fo...
Updated: 3 hours ago
Craig Fugate says Floridians should brace for stronger hurricanes

Craig Fugate says Floridians should brace for stronger hurricanes

Many Hurricane Irma evacuees say they're apprehensive of packing up and leaving their homes again because forecast models failed to match the final track of the September storm.That is worrisome for Craig Fugate, a former director of the Federal Emer...
Updated: 2 hours ago
Florida education news: Free speech, term limits, Schools of Hope and more

Florida education news: Free speech, term limits, Schools of Hope and more

FREE SPEECH: The pending arrival of white nationalist Richard Spencer sent the University of Florida and the surrounding community into high gear, as people tried to figure out how to keep him away. Now some state lawmakers want to clarify the r...
Updated: 8 minutes ago
Florida’s $1.1 billion Hardest Hit Fund winding down after some hard knocks

Florida’s $1.1 billion Hardest Hit Fund winding down after some hard knocks

In 2010, Florida was in the throes of an unprecedented housing crisis. One in every eight homes was in some stage of foreclosure. Today, the foreclosure rate is one in every 83. Because of that enormous drop, Florida’s Hardest Hit Fund will s...
Updated: 1 minute ago

Cautious Texas among last states to OK medical marijuana

While California is about to make recreational pot legal, Texas is tiptoeing into marijuana with a restrictive medical cannabis program that critics say is doomed to fail
Updated: 5 minutes ago

1 man sentenced, 1 pleads guilty for baby eel trafficking

One Maine man heads to jail and another has pleaded guilty for their role a national baby eel trafficking ring
Updated: 5 minutes ago

Trump reconsiders rules protecting miners from black lung

Federal mining regulators are reconsidering regulations intended to protect miners from breathing coal and rock dust, the cause of black lung disease
Updated: 6 minutes ago