German unemployed, welfare recipients Hartz-IV, could face a forced move to smaller apartments. These guidelines gave the Government of Germany, a group of experts from the Ministry of Labour. Experts in particular, offer to transfer to local authorities the right to decide what was the size of social security payments to unemployed to pay for housing they occupy.
Dow Jones Industrial Average has prevented all attempts to impose a bear trend. Dow index is at around 9,918.45 points, having won 174.83 points (1.79%) for the last day. DJIA rising steadily against the background of recent statements by Chinese officials and the successful closing of European stock exchanges. European stocks have grown up to the auction on Wednesday 7 July. Shares of banks were on the rise in anticipation of information on methods for stress tests. BP shares have risen in price thanks to speculation of a sale of the share of Arab investors. Pan-European Stoxx Europe 600 index rose by 1.3% to 246.06 points, Britain’s FTSE 100 – has increased by 1% to 5015 points, Germany’s DAX – on 0,8% to 5993 points, the French CAC-40 – for 1,7 % to 3483 points.
Economic problems in Europe have begun to threaten not only the poor countries, but also strong. Most read newspaper of the Federal Republic – Bild am Sonntag quoted Angela Merkel: “Most people know that we save in order to reduce our debts” – said the chancellor, while expressing hope that our compatriots will understand the Government announced unprecedented measures of austerity. And although her hopes, as shown by the early polls have under him the grounds last Saturday, nevertheless, showed that in fact, not all Germans are ready to seriously save for yourself.
The Government of Germany has taken unprecedented for a country program for which the year 2014, intends to save the budget about 80 billion euros. Federal Chancellor Angela Merkel called the measures “power and non-alternative. By 2014 the country will save about 80 billion euros.