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Lower taxes, higher deficit

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Lower taxes, higher deficit

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The big crisis may have disappeared from the top headlines, but Europe is still dealing with the clean-up.

In Britain, for example, the government had to put together another austerity budget while facing a higher deficit.

Host Stefan Grobe talks about that with David Owen, Chief European Financial Economist at Jefferies International in London.

Also on the programme is a story on Italy’s contested labour reform attempts and on the planned acquisition of Dutch logistics firm TNT Express by its American rival UPS.