EU slams France, Italy, Portugal for spending 'imbalances'
Vice-President of Euro and Social Dialogue
Strasbourg - AFP
The European Commission on Tuesday said France, Italy and Portugal were in violation of EU rules on public spending and would be more closely monitored by Brussels.
In a statement the commission, the EU's executive arm, pointed to France's "large public debt coupled with deteriorated productivity growth".
It also singled out Italy's "high government debt" along with a worrying levels of long-term unemployment that "weighs on growth prospects". In all five countries, including Bulgaria and Croatia, were found to be experiencing "excessive imbalances" in the EU.
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Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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