David Cameron warns of more cuts – (many, many more, adds IFS)

Get ready for more cuts. That was the message delivered by David Cameron to the CBI’s annual conference when he warned that more savings would have to be found in the next parliament. Just how big those savings will need to be is still a matter of conjecture.

Merkel Challenger Steinbrueck Climbs Mountain to Raise Profile

German Social Democratic challenger Peer Steinbrueck took to the Bavarian hills with about 150 party sherpas, SPD members and media in tow, seeking to burnish his profile as poll ratings slump.