Euro
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Eurozone crisis
The “Grexit” taboo has been broken
8 February 20123De Volkskrant Amsterdam -
Debt crisis
Why we’ve had enough of Greece
7 February 201298El Mundo Madrid -
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 -
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 -
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 -
6 January 20125Le Monde Paris
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4 January 20128PresseuropPresseurop
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Anniversary
10 years of the euro. What’s to celebrate?
2 January 2012114Süddeutsche Zeitung Munich -
Debt crisis
ECB brings some relief to the banks
22 December 201119PresseuropPresseurop -
21 December 201120Il Sole-24 Ore Milan
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Eurozone crisis
IMF euro rescue fund misses target
20 December 20114PresseuropPresseurop -
Eurozone crisis
UK prepares to rescue Eurogeddon refugees
19 December 201163PresseuropThe Times -
Fiscal Union
New treaty – a legal and economic headache
14 December 20113PresseuropFinancial Times -
European Council
Unity dearly bought
9 December 201121Die Zeit Hamburg -
Eurozone crisis
Rating agencies – don’t shoot the messenger
7 December 201111The Daily Telegraph London -
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 -
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 -
Press review
Euro at a turning point
28 November 201115Presseurop -
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 -
Austria
Credit crunch comes to the East
24 November 2011PresseuropDie Presse -
Eurozone crisis
Brussels to put bad pupils under tutelage
22 November 20114PresseuropDe Volkskrant -
Who's afraid of Germany? (1)
Myth of German economic discipline
21 November 201120Der Spiegel Hamburg -
10 November 201115Respekt Prague
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8 November 20111Süddeutsche Zeitung Munich
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Greek crisis
Referendums – can’t always get what you want
4 November 201113Rzeczpospolita Warsaw -
Eurozone crisis
Welcome to the union of unequals
4 November 201116The Daily Telegraph London -
4 November 20112PresseuropLa Repubblica
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2 November 20116To Ethnos Athens
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Eurozone crisis
Will someone rid us of the Greek poison?
2 November 20118Le Figaro Paris -
European Union
Idea of non-eurozone gains support
2 November 20112PresseuropAdevărul -
Press review
Jury is out on Trichet’s record
31 October 2011Presseurop -
Debt crisis
The Economist sceptical about rescue plan
28 October 20111PresseuropThe Economist -
Eurozone Summit
We are all at Germany’s mercy
27 October 201122Eleftherotypia Athens -
European summit
The fake euro rescue
27 October 20113Berliner Zeitung Berlin -
European summit
Berlusconi makes firing easier
27 October 20112PresseuropLa Stampa -
European Summit
Spanish banks punished
27 October 20111PresseuropABC -
European Summit
Birth of a United States of Europe
27 October 201113PresseuropLibération
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.
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.
"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.
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.
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.
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.
Germany is selling itself during the crisis as a haven of stability – and the financial markets even believe it. But, in truth, it’s hardly better off than the others. And its public role of disciplinarian is arrogant and dangerous, writes Spiegel Online.
As the eurozone crisis deepens, the countries outside of it are trying to come up with ways not to lose control of their destinies inside the EU.
The EU leadership’s obsession with political and economic federation is the source of the current crisis rocking the eurozone, writes columnist Marek Magierowski.
France and Germany have been largely responsible for thwarting Greek PM George Panpandreou’s decision to hold a referendum on its EU/IMF bailout. A naked display of power that bodes ill for a union of equals.
In response to the dissent of his people, the Greek Prime Minister has chosen to organise a referendum instead of calling for early general elections. His bid to safeguard his future will mean that the Greek population will faced with a simplistic choice.
Greek Prime Minister George Papandreou's decision to submit the EU rescue plan to a referendum is dangerous and irresponsible, complains conservative French daily Le Figaro.
As the President of the European Central Bank steps down from an institution that has become an essential anchor for the single currency, the European press wonders about the legacy of his eight-year mandate.
The leaders of the Eurozone have reduced Greece’s debt and increased the amount of EU aid. However, for Eleftherotypia, which notes on its front page that “German tanks are in the bailout,” the decision will put the Greeks and all Europeans under the heel of Berlin.
Europe's politicians would like to celebrate the decisions of the 26 October summit as historic. But the euro crisis will be with us a while longer yet. The basic paradox – that states want to buy the trust of investors with money that they don’t have – just can’t be eternally ignored.