In the news today: apartment repos, no compliance to join euro zone

Romanian media Petrom: Investments are the only thing that helps. There is money, but the Government doesn't have a credible program, with tangible objectives – in Ziarul Financiar The map of apartment repos. Banks are evicting 50 people a day – in Ziarul Financiar Strong contraction of the Casco insurance market – minus 25% in the first quarter – in Ziarul Financiar Vladescu wants generalized flat tax of 16%. The legal ways to cut salaries is in the Justice Ministry's hands - in Ziarul Financiar Dacia delivers EUR 3.5 mln fleet for Romtelecom - in Ziarul Financiar UniCredit profit halves at EUR 16 million - in Ziarul Financiar Petromedia's revenues went up 20% in Q1, but still continues to post loss - in Ziarul Financiar Big workers unions protesting in front of Cotroceni Palace and the Parliament. General strike could follow – on Hotnews.ro Child care allowance drops 15% - Emergency Ordinance project – on Hotnews.ro EC: Romania doesn't comply with criteria to join the euro zone – on Dailybusiness.ro A EUR 5,000 bronze statue was stolen from the Enescu museum in Bucharest – on Dailybusiness.ro Salaries down 25% in state-owned companies too. Including Eximbank and CEC Bank – on Wall-street.ro International media Cameron and Clegg unveil cabinet- in the Financial Times SAP to buy Sybase in $5.8bn deal- in the Financial Times Tough new Spanish austerity measures - in the Financial Times Stocks shrug off fears over eurozone debt - in the Financial Times Cisco buoyed by higher web traffic- in the Financial Times Mexican exchange launches OTC interest rate swaps - in the Financial Times New UK leaders say coalition will rebuild economy - on Reuters Microsoft launches new Office, duels Google online - on Reuters