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Jobs for life ? Don't count on it

European Flag

The European Central Bank has cut interest rates to a new record low of 0.25 percent, but what's really needed to get the region's economy going and reduce the record high unemployment rate is flexible labor markets, say experts.

BT defends soccer spending: 'We haven't overpaid'

Two Footballs In Net

BT has defended its lavish spending on exclusive soccer rights to show prime European soccer games, telling CNBC that it did not overpay and arguing that customers will get a better deal than they are currently receiving.