The independent directors have demonstrated their independence but despite Mr Darcey's statement it is not clear whether they believe the papers' "very difficult financial situation" could justify the changing of the undertakings.

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But Mr Praet also agrees that reforms are difficult and when the economic and financial situation improves there is a temptation for governments to delay.

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"The financial situation in south Wales is difficult, " he said.

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If you're wondering why Walsh doesn't just pay the whole pension problem off with the contents of his war chest, British Airways says it needs to be kept "to deal with a difficult situation, " such as the financial bruising the airline received after the terrorist attacks of Sept. 11, 2001.

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If you're wondering why Walsh doesn't just pay the whole pension problem off with the contents of his war chest, British Airways (nyse: BAB - news - people ) says it needs to be kept "to deal with a difficult situation, " such as the financial bruising the airline received after the terrorist attacks of Sept. 11, 2001.

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They should but the deterioration of their financial situation is going to make it difficult.

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"The government has a task to be close to all those citizens who have found themselves in a very difficult situation due to the earthquake, the disaster and of course also due to the financial crisis, " Berlusconi said.

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