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Submission + - Niinistö Predicts: ECB Will Print More Money 2

jones_supa writes: Finnish President Sauli Niinistö says in all likelihood the current European financial crisis will be solved by the European Central Bank printing more money. This is one of the methods that the Federal Reserve System also used in the US. 'It will supposedly lead to inflation at some point, but it starts to look like the only path to take', Niinistö said to Commenting on the President’s forecast, the former Managing Director of the Research Institute of the Finnish Economy (ETLA), Sixten Korkman says printing money is only part of the solution and in itself not a magic trick.
Data Storage

Portugal Is Considering a "Terabyte Tax" 353

An anonymous reader writes "As a proposal to avoid becoming the 'next Greece', a Portuguese opposition party has proposed a tax on storage. The party claims that the tax will not effect the average citizen and is mostly levied at business users, but internal storage on mobile phones means a 64GB iPhone could be €32 more expensive. From the article: 'The proposal would have consumers paying an extra €0.2 per gigabyte in tax, almost €21 extra per terabyte of data on hard drives. Devices with storage capacities in excess of 1TB would pay an aggravated tax of 2.5 cents per GB. That means a 2TB device will in fact pile on €51.2 in taxes alone (2.5 cents times 2048GB). External drives or “multimedia drives” as the proposed bill calls them, in capacities greater than 1TB, can be taxed to the tune of 5 cents per gigabyte, so in theory, a 2TB drive would cost an additional €103.2 per unit (5 cents times 2048GB)."

Submission + - European Recession Possible (

jones_supa writes: "The European economy may be headed for a recession that could last two to three years, Finland's Finance Minister Jyrki Katainen said. 'Recession is very close in some particular countries, maybe in all the European countries,' Katainen said in a Bloomberg interview. 'I don't know how long a recession or down-cycle we will face, but maybe it will take some two or three years. Even if we can calm the international turmoil, slower economic development will follow.'"
Internet Explorer

Microsoft Will Ship Windows 7 in Europe With IE Unbundled 578

jimmi_hendrix was one of several people to note CNET's report that 'Microsoft plans to remove Internet Explorer from the versions of Windows 7 that it ships in Europe, CNET News has learned. Reacting to antitrust concerns expressed by European regulators, Microsoft plans to offer a version in Europe that has the browser removed. Computer makers would then have the option to add the browser back in, ship another browser or ship multiple browsers, according to a confidential memo that was sent to PC makers and seen by CNET News." There's also a report at Ars Technica.

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