Economic crisis


German Finance Minister Wolfgang Schäuble said yesterday that the Merkel government was seeking clarity from General Motors on plans for Opel. This came on the eve of today’s meeting in Brussels between EU Industry Commissioner Günter Verheugen, European economy ministers and representatives of GM to discuss the future of the US car maker’s European business: here.

http://www.snackfeed.com/static/swfs/embedPlayer.swf?id=1898de94-a122-102c-8790-00304897c9c6

This video in English, recorded in Spain, is called Opel workers fear layoffs.

General Motors has demanded billions of euros from European governments to pay to restructure its struggling European operations: here.

Opel car workers in Belgium have vowed to fight for their factory after General Motors announced plans to restructure its European operations with a warning that some 9,000 European jobs could go: here.

Unemployment rates rose in 29 of the 50 US states, according to a report released by the federal Department of Labor Friday, with California, Florida, South Carolina and Delaware reporting all-time highs: here.

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