ECB
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Economy: ‘First signs of upturn in the eurozone’
28 January 2013322PresseuropLes Echos -
The front page: 7 September 2012
7 September 201233PresseuropFrankfurter Allgemeine Zeitung, The Irish Times, Público & 4 others -
Eurozone crisis: Draghi buries European social model
27 February 201291643 La Tribune Paris -
Eurozone crisis: Save the euro – get rid of Germany
27 January 2012686120 The Times London
At a time when the ECB is preparing to write a further €500 billion cheque for the banks, the ECB President has declared that over-indebted countries will have no option but to implement draconian austerity policies if they are to overcome the crisis. Shocking words, which, French business daily La Tribune argues, are nonetheless justified.
By foisting fiscal austerity on its Eurozone partners while stubbornly refusing an enhanced role for the ECB, and greater mutual support on national debt, Germany is a greater hindrance than a help to the single currency, argues Anatole Kaletsky.