Economy
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Eurozone crisis
The “Grexit” taboo has been broken
8 February 2012De Volkskrant Amsterdam -
Debt crisis
Why we’ve had enough of Greece
7 February 201274El Mundo Madrid -
Air travel
China strikes first blow against EU tax
6 February 201210PresseuropFinancial Times -
6 February 20122PresseuropTo Ethnos
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Eurozone crisis
Save the ECB from the danger of Greece
2 February 20128De Tijd Antwerp -
Davos summit
UK leaders hit out at Germany and France
27 January 20127PresseuropFinancial Times -
European Commission
Santer returns to the fold
25 January 20124PresseuropThe Daily Telegraph -
Eurozone crisis
The Greek trap
24 January 201214Süddeutsche Zeitung Munich -
20 January 20124PresseuropEl País
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Eurozone crisis
European rating agency in the pipeline
19 January 20126PresseuropDiário de Notícias -
Eurozone crisis
Draghi sounds the alarm
17 January 20124PresseuropIl Sole-24 Ore -
Eurozone crisis
After the downgrades comes the downward spiral
16 January 201263Financial Times London -
Eurozone crisis
For S&P, the Emperor has no clothes
16 January 201215PresseuropCorriere della Sera, Hospodárske Noviny, Die Presse & 3 others -
Eurozone crisis
France relegated to 2nd division
16 January 201211Le Monde Paris -
13 January 201216Die Tageszeitung Berlin
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Stability pact
“Golden Rule” doesn’t glitter anymore
13 January 20129PresseuropPúblico -
Eurozone crisis
Monti takes on Merkozy
12 January 201255PresseuropDer Spiegel, Frankfurter Allgemeine Zeitung, La Repubblica & 2 others -
Drugs
Netherlands bans khat
11 January 20121PresseuropPresseurop -
Finance
Tobin tax: Sarkozy rides alone
9 January 20125PresseuropLa Tribune -
6 January 20125Le Monde Paris
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Employment
A two-speed Europe
5 January 20123PresseuropLa Tribune -
Economic crisis
Portuguese companies flee to Netherlands
4 January 2012PresseuropJornal de Negócios -
4 January 20128PresseuropPresseurop
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Anniversary
10 years of the euro. What’s to celebrate?
2 January 2012114Süddeutsche Zeitung Munich -
22 December 2011Magyar Narancs Budapest
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Debt crisis
ECB brings some relief to the banks
22 December 201119PresseuropPresseurop -
21 December 201120Il Sole-24 Ore Milan
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Lithuania
Nurses go Norway
20 December 20111Lietuvos Rytas Vilnius -
Air travel
Threats fly between Washington and Brussels
20 December 20113PresseuropFinancial Times Deutschland -
Eurozone crisis
IMF euro rescue fund misses target
20 December 20114PresseuropPresseurop -
Hungary
IMF and EU slam door on Hungary
19 December 2011PresseuropNépszabadság -
Eurozone crisis
UK prepares to rescue Eurogeddon refugees
19 December 201163PresseuropThe Times -
15 December 2011PresseuropEl País
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Fiscal Union
New treaty – a legal and economic headache
14 December 20113PresseuropFinancial Times -
European Council
Unity dearly bought
9 December 201121Die Zeit Hamburg -
European Union
The economic order that inspires Merkel
8 December 20116Libération Paris -
Eurozone crisis
Rating agencies – don’t shoot the messenger
7 December 201111The Daily Telegraph London -
Eurozone crisis
The destructive rise of the rating agencies
7 December 201113Libération Paris -
Eurozone crisis
Van Rompuy and Barroso to the rescue
7 December 20113PresseuropEl País -
United Kingdom
PM puts price on support for treaty change
7 December 20113PresseuropThe Times -
Press review
Who will follow Merkel and Sarkozy?
6 December 201121Presseurop -
Italy
Monti presents the bill
5 December 20111PresseuropLa Repubblica -
Eurozone crisis
Do what the lady says
2 December 201164La Repubblica Rome -
Eurozone crisis
How business is preparing for Eurogeddon
1 December 20113PresseuropPresseurop -
Eurozone crisis
Polish minister begs Germany to act
30 November 20119PresseuropGazeta Wyborcza -
Debt crisis
Savers rally to patriotic call
29 November 20114PresseuropPresseurop -
Press review
Euro at a turning point
28 November 201115Presseurop -
25 November 2011PresseuropVeidas
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Who’s afraid of Germany? (4)
Merkel’s Nein is wrecking the EU
24 November 201115Die Tageszeitung Berlin -
Eurozone crisis
Only Eurobonds can save us
24 November 201110El Mundo Madrid
At a time when Athens is still involved in debt restructuring negotiations with its private creditors, Neelie Kroes’ recent allusions to a Greek exit from the euro are a sign that European leaders are intent on preparing the terrain for such an eventuality.
The game has gone on for nearly two years: Athens pretends to comply with the demands of its creditors and partners, and they pretend to believe in Greece’s commitments. As the spectre of default comes nearer, however, the Greek bluff cannot go on much longer, writes an El Mundo editorialist.
A Greek default can still not be ruled out, and it would place the European Central Bank in considerable danger. To avoid this, states should pay up and provide guarantees, believes economist Melvyn Krauss.
In Athens, the war of nerves over the debt haircut is nearing a finale. The negotiations between private creditors and the government, however, are taking some dangerous stumbles. Before Greece gets €130 billion in aid, it must show some success with its reforms. And that, with all the good will in the world, cannot be achieved.
In the wake of the collective downgrading of 9 eurozone countries, including France, it’s become clear that the EU’s policy of rescue funds coupled with fiscal austerity has exhausted itself. It’s time for Angela Merkel and her partners to find a credible outcome, writes Wolfgang Münchau.
For the European press, the ratings downgrade for nine eurozone countries by Standard & Poor's merely confirms what markets and leaders have known for a long time: that the difficulties of the eurozone are primarily due to rifts between the member countries.
Standard & Poor's 13 January downgrade of France’s credit rating is a double blow: Nicolas Sarkozy and his presidential election rivals will come under even greater pressure from the markets while the North-South divide in Europe has grown significantly wider.
In Ceausescu's times thousands of Romanians, drawn by high wages, flocked to the coalfields of the Jiu Valley. Today many of the mines in the valley are closed and the miners have been left to fend for themselves. Many are sliding into criminality.
Two days after French President Nicolas Sarkozy’s visit, Mario Monti traveled to Berlin on 11 January for discussions on saving the Eurozone with Angela Merkel. The Italian PM, who advocates a more flexible approach to the crisis, succeeded in obtaining the support of the German Chancellor.
In response to the crisis, shopkeepers in Salvaterra de Miño have decided to once again accept the former national currency. And the customers, attracted by prices at the same exchange rate that applied at the launch of the euro in 2002, are flocking to the Galician village.
On 1st January 2002, the euro began to be circulated. But given the current crisis, no one is planning to celebrate a decade of the single currency.
The suspension of negotiations with the IMF and the EU over the issue of the independence of the central bank has demonstrated that Viktor Orbán’s government also intends to apply its “national revolution” to the economy. However, economist Miklós Sebők argues that the basis for this policy is erroneous.
"Hey Dad, what's the euro crisis?" Rather than explaining interest rates and public debt, the best way to answer is to trot out the well-known tale of The Three Little Pigs and the big bad wolf, suggests Giovanni Majnoni.
Faced with the economic crisis, Lithuanian medical staff are increasingly leaving to work in Norway, where salaries are much higher. Although they do not become exiles, they do have to contend with a permanent schedule of return journeys between Oslo and Vilnius.
Without doubt, Angela Merkel and Nicolas Sarkozy have taken a big step nearer their goal of a fiscal union. But at what price? Britain remains outside it. The salvation or the disintegration of the Union is now approaching.
Angela Merkel’s drive to impose discipline and sanctions in the Eurozone is not a bid to establish German hegemony, but simply an extension of the economic doctrine that provided the basis for Germany’s economic miracle: “ordoliberalism”.
Standard & Poor's threat to downgrade the eurozone as a bloc has aroused the ire of European leaders and opinion makers. But according to a British columnist, the rating agency is only telling the unpalatable truth.
By placing the eurozone under negative watch on the eve of the European Council meeting, Standard & Poor's has confirmed the emergence of a limitless economic power that is overwhelming the structures and rules of democracy, writes a worried Libération.
At a 5 December meeting in Paris, Angela Merkel and Nicolas Sarkozy agreed on a plan to save the euro from catastrophe, which they will be asking the EU’s 27 member states to approve at a summit on 8-9 December. The European press, however, thinks they’re not out of the woods yet.
Europe must learn to co-operate with Germany, argues veteran Italian columnist Barbara Spinelli. Despite a reputation for being excessively stern and power-hungry, German rigour is nevertheless the only viable alternative to the Chinese model.
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.
Alone against all, the Chancellor says ‘No’ to a supporting mandate for the ECB and ‘No’ to common euro bonds. In Germany too, more and more experts are warning that her firm stance on discipline and rules is plunging the eurozone into chaos.
The measure demanded by most European partners and supported by the European Commission still meets with stiff opposition from Germany. But Berlin cannot indefinitely block the launch of Eurobonds, which increasingly appear to be the only solution to the debt crisis.