Austerity
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Interview: Antonio Tajani: ‘Make industry a central priority for recovery’
20 May 201374PresseuropBlog -
Growth : ‘Eurozone mired in recession’
16 May 201362375PresseuropFinancial Times, Les Echos, România libera & 4 others -
Austerity: German Zeppelin
7 May 2013991 Le Vif/L’Express Brussels -
Austerity: ‘Italy adds Spain to a weak anti-austerity front’
6 May 201359PresseuropEl Periódico de Catalunya -
Austerity: European Spring
1 May 20131641 De Groene Amsterdammer Amsterdam -
Greece: The milking
29 April 20139711 To Ethnos Athens -
Spain: Six million reasons for another policy
26 April 2013611226 El Periódico de Catalunya Barcelona -
Ideas: What happened to the European dream?
25 April 201394266 Kultura Sofia -
Portugal: ‘Free to protest against this government’s wrongheaded policies. April 25’
25 April 2013403PresseuropO Primeiro de Janeiro -
Czech Republic: ‘Nečas and Kalousek make a U-turn. Severe austerity is over’
25 April 201327PresseuropHospodářské Noviny -
Eurozone crisis: Austerity absurdity?
24 April 2013978131 Süddeutsche Zeitung Munich -
Economy: ‘Germany defends austerity against EU’
24 April 201310554PresseuropDie Welt -
Economy: ‘Europe: heading for an end to austerity?’
24 April 2013607PresseuropLibération -
European Union: ‘End of austerity’
23 April 201322384PresseuropIrish Independent -
Austerity: So what’s the plan, Mr Rehn?
22 April 2013240137 El País Madrid -
Portugal: ‘Austerity measures in Europe are due to an Excel error’
18 April 201338342Presseuropi -
France: ‘Austerity: Keine Alternative?’
12 April 2013377PresseuropLibération -
Portugal: Austerity may pave the way for true reforms
8 April 201334091 Jornal de Negócios Lisbon -
Portugal: ‘Passos answers the Constitutional Court with new state cuts’
8 April 2013404PresseuropDiário económico -
Iceland: Journey to Iceland’s cultural miracle
22 March 20131495026 El País Madrid -
Religion: Pontifices maximi
18 March 201360 L’Echo Brussels -
Portugal: ‘We hold Europe’s social cuts record’
26 February 20137915PresseuropJornal de Notícias -
Portugal: The economy is rolling!
28 January 201392 Expresso Lisbon -
Interview: Gianni Pittella: “It’s time to turn the page on austerity”
5 December 2012PresseuropBlog -
Austerity: No sacrifices without hope
16 November 2012286141 Project Syndicate Prague -
Social: Voice of the people
15 November 201286 I Kathimerini Athens -
Social Issues: Austerity sends Europeans marching in the streets
15 November 2012249124PresseuropEl País, La Repubblica, Público & 2 others -
Profile: Olli Rehn, austere guardian of budgetary discipline
9 November 20128822 Les Echos Paris -
Education : Erasmus is going bankrupt
4 October 2012148524PresseuropLa Vanguardia, Dziennik Gazeta Prawna -
Sweden: Stockholm banks for stimulus, not austerity
20 September 201215219PresseuropSvenska Dagbladet -
Austerity: The sermon
19 September 201232 De Volkskrant Amsterdam -
Euro: Dinner time
13 September 201235 Corriere della Sera Milan -
Estonia: Austerity as a way of life
13 September 201210616 Eesti Ekspress Tallinn -
Portugal: Troika offers some breathing space, for more austerity
12 September 20125828PresseuropPúblico, Diário de Notícias, Jornal de Negócios -
Eurozone: Spanish bailout is now inevitable
24 July 201229788 The Guardian London -
France : Austerity that dare not speak its name
4 July 20124760PresseuropLe Monde, Libération -
Greece: Back to dark ages if we go on like this
19 June 201245915 The Daily Telegraph London -
Estonia: Krugman blog makes president lose plot
8 June 20124510PresseuropPostimees -
Portugal: Under the iron thumb of the troika
7 June 201227891 ABC Madrid -
Ireland : A grudging “Yes”
4 June 20126115 Irish Independent Dublin -
EU economic scoresheet: As crisis worsens, Brussels still in denial
31 May 201232986 The Guardian London -
GREECE: All guilty
31 May 201216337 Coulisses de Bruxelles Brussels -
Ireland: Why this fiscal compact is necessary
30 May 2012541 The Irish Times Dublin -
Humour: Even the gods can’t get their heads around this crisis
25 May 201232665 The Times London -
EU summit: Growth — the new magic word
23 May 201224926 Trouw Amsterdam -
Eurozone crisis: Don’t isolate the Germans
22 May 2012145237 The Independent London -
G8: Spurring growth will be a huge task
21 May 201216344 El País Madrid -
Eurozone: How do you say “basta” in German?
26 April 2012503108 El País Madrid -
Germany-Italy: Isolated Merkel embraces Monti and growth
26 April 20121597PresseuropLa Stampa -
Debt crisis: End of the road for European austerity?
24 April 201256444 The Guardian London
Europe's May 15 growth figures fell like a hammer blow. For the sixth consecutive quarter, the Eurozone economy has contracted – the longest period of decline in growth since the creation of the single currency, notes the European press. 
With the number of unemployed over six million, the economic and social disaster has continued to worsen despite the EU-prescribed shock therapy applied by the Government of Mariano Rajoy. Just how bad do things have to get before there is a change in policy? wonders El Periódico. 
Amnesia, recession, the failure of political elites, divided societies… The free and caring Europe that was the dream of oppressed peoples no longer exists, it is just that European leaders lack the courage to admit it, says a Bulgarian political analyst. 
“The policy of austerity has reached its limits”, says European Commission President José Manuel Barroso, the first time Brussels has questioned its own policy. It’s time we grasped that one path for such varied countries doesn’t work, writes Süddeutsche Zeitung. 
Discipline and budget cuts: The cure prescribed for the Eurozone no longer has unanimous support. Unfortunately, voters can not settle this debate as it is between unelected officials, foremost among them, is the European Commissioner for Economic and Monetary Affairs. 
The Portuguese Constitutional Court's rejection of some proposed austerity measures is the latest setback for Portugal's government. However, this is an opportunity truly to reform the state and end the current impasse, believes a Portuguese newspaper editor. 
Iceland escaped the grip of austerity and has turned Icelandic culture into the country’s second largest contributor to GDP, with an impact of around €1bn per year. Unemployment is at 5.7 per cent, growth at 3 per cent – and the island is alive to the sound of music and movie shoots. 
If the EU had greater legitimacy, Europeans would agree more readily to the efforts that are asked of them, because they could then expect to see these sacrifices rewarded. 
Hundreds of thousands of people took part in protests against austerity policies organised in several European countries by the European Trade union Confederation. For the European press, this austerity fatigue should prompt a rethink on the drive to balance public accounts. 
Popular in his home country of Finland and much feared elsewhere in Europe, the European Commissioner for Economic and Monetary Affairs maintains a low profile. However, with the introduction of new supervisory rules for budgets, his emerging role as a key player in Europe’s economic governance will make it difficult for him to avoid the limelight. 
The most recent entrants in the Eurozone have come to terms with the austere management of the country’s finances and their own personal spending, to the point where not putting a penny astray has become a point of national pride. 
Spain has a collapsing economy, an imploding property market, banks nursing colossal losses, and 10-year bond yields at 7.5%. It’s time to stop pretending that there won’t be a bailout, writes The Guardian’s economics editor. 
The devastating effects of austerity on the Greek population are a warning that history is not an never-ending ascent to progress and enlightenment. Civilisations can also collapse, warns Boris Johnson. 
Fourteen months on, Portugal spends its days under the watchful eye of the IMF, the ECB and the European Commission, which have lent it the money to pay back its debts. As the lenders’ emissaries inside Portugal verify that the reforms are being pushed through, the people are calling for “more time, more money and better conditions.” 
On Thursday 31st May the Irish electorate voted 60/40 in favour of the EU fiscal compact. But it was not an act of ringing endorsement for the Union, but rather that of a despondent country, argues this Irish Independent leader. 
Despite clear evidence that its austerity policies are driving struggling members into ever deeper economic agony, the European Commission presented its annual economic report on May 30 seeking to defend a strategy that is bankrupt, argues the Guardian’s economics editor. 
A majority of the Greek population considers that the eurozone and the IMF are too demanding, and is likely to vote in favour of anti-austerity parties to cast in the upcoming June 17 elections. But, if the Greeks do not want to fail yet again, they will not be able to avoid reforms that have been put off for too long. 
As Ireland votes in a referendum on the German inspired fiscal compact on May 31st, the Irish Times invites the electorate to focus on the treaty and not on extraneous issues. 
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either? 
In recent months, EU leaders from all spectrums have embraced the notion of "growth". But how can it be generated? Although a practical discussion on this issue has not yet really arisen, infrastructure projects could perhaps be part of a solution to the crisis. 
In helping to bail out struggling eurozone economies, Angela Merkel has already gone well beyond what her electorate wants. And the eurobonds France’s new president François Hollande is pushing for might just be a step too far. 
At the G8 in Camp David, the richest countries have agreed to boost growth, particularly in Europe. This requires a radical change in tack from the austerity policies pushed so far. Are the leaders ready? 
Notwithstanding its social and political consequences, the Bundesbank and Angela Merkel's government are still advocating the austerity, which has been in force in Europe for the last two years. It is high time we stopped the damage, argues Spanish political analyst José Ignacio Torreblanca. 
With France likely to vote in a socialist president critical of her fiscal pact, and a Dutch government collapsing on the issue of social reforms, German Chancellor Angela Merkel’s austerity model is taking a battering. - 1 of 2
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