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Press review: Euro at a turning point

Ratings for all European countries are at risk, warned Moody's on November 28. The warning comes at a time when Italy is under heavy pressure from the markets and proposals for solving the crisis are proliferating. But it may already be too late, worries the European press.

28 November 2011
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Presseurop
Die Welt, El Economista, La Tribune & 3 others

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Europeans have made no use of the European citizenship they have had since 1992. Nice little sheep who allow themselves to be shorn, they continue to place their trust in national parties who are fully focused on their national electoral advantage.

alcofribas on ‘Eurozone mired in recession’

The government debt of the GIPSIC countries is around € 3 tn. The bank debt of the GIPSIC banks is around € 9 tn. Banking union is a step in the right direction but given those numbers it has to be done with extreme care.

gero42 on New test for the Eurozone

Neither East Germany nor the other Eastern Bloc countries have managed a genuine moral examination of their pasts. But it is relatively easy to distinguish those who participated in the system for its privileges, those who betrayed others and those who were simply protecting themselves.

preda on A chancellor made in the GDR

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Press review: Euro at a turning point