High level EU politicians have cautioned against panic after two days of turbulence on the financial markets. Jean-Claude Juncker, Prime Minister of Luxembourg and Euro group president said that while he is not ruling out the possibility of a recession in the US, he does not believe that the credit crisis will necessarily mean a slowdown for the Eurozone economy. He warned about exaggerated pessimism late Monday and said “In comparison to the US, the fundamental data in Europe is solid.”
15,000 protest Nokia
More than 100 community and state orchestras across Germany have threatened to strike in the coming weeks due to decreasing salaries. For the first time since 1995, the Deutsche Orchestervereinigung (DOV) - the German orchestra association - has issued a strike notice.
A lack of support from the German government could wreck Berlin's historic Tempelhof Airport’s chances of making the UNESCO World Heritage list.
The parents of a baby girl switched with another baby at birth have said they will seek compensation from the Saarland clinic at which the mix-up took place.