Investors further ignore the fact that many European countries have already takenmeasuresto bring their government finances in order, while the US is still deliberating within Super committees.
Istanbul (CNN) -- As European financial markets close for the spring celebration of May Day, protesters across Europe and beyond have takento the streets to demonstrate for workers' rights and, in many cases, against painful austerity measures.
Thanks to the measurestaken by the Secretariat and the timely payment of contributions by many Member States, our financial situation looks better than we feared, said the Director-General, who also underscored the importance of the Emergency Fund.