In the news today: budget salary and pensions cut, P&G sales down, industry orders up but no financing

Romanian media With his own government unable to restructure the budget-fueled sector, president cuts pensions and unemployment aid – in Ziarul Financiar Sales go up 30 percent for Euroclinic in the first quarter – in Ziarul Financiar P&G makes EUR 280 million sales locally, down 11 percent – in Ziarul Financiar The head of VIG operations in Romania: We could talk about increase in 2011 – in Ziarul Financiar Traian Basescu: I trust we will succeed. Salaries go down 25%, pensions, down 15%. Boc will not go down – in Gandul IMF negotiations: Isarescu had the final word – in Adevarul Industry investors: Orders have increased, but we can't cover them because we don't have financing – in Dailybusiness.ro Marius Ghenea – I had planned to float FiT Distribution in 2009 – on Wall-street.ro (in picture, Romanian president Traian Basescu) International media Cameron stakes claim to No 10 - in the Financial Times Cadbury helps Kraft to 26% rise in revenues - in the Financial Times Greece passes tough austerity package - in the Financial Times Bank of Japan pumps funds into market - in the Financial Times Capgemini rises on recovery hopes - in the Financial Times ECB gives Greece verbal support, dashes rescue hopes - on Reuters Ash cloud forces Irish airport closures, Dublin clear- on Reuters China Price Jump May Show Yuan Peg Stoking Inflation -in BusinessWeek