Euro
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European Council: Spectre of Spanish bailout
19 October 20127775 El Periódico de Catalunya Barcelona -
European Council: Banking union project fudged
19 October 2012160119 The Daily Telegraph London -
European Council: Hollande launches broadside against Merkel
18 October 2012125113PresseuropThe Guardian, Le Figaro, Der Tagesspiegel -
Spain: IMF calls for end to all-out austerity
12 October 201214719PresseuropEl País -
Eurozone: Monetary union continues its painful progress
11 October 20128146 Le Monde Paris -
Eurozone crisis: ESM: a debt making machine
9 October 201223940 Frankfurter Allgemeine Zeitung Frankfurt -
Austerity: Please make austerity more flexible
1 October 20129439 El País Madrid -
Budget: The secret of 3% finally revealed
28 September 201250813PresseuropAujourd'hui en France - Le Parisien -
Eurozone: Surprise — we haven’t escaped the crisis
27 September 201227154 La Stampa Turin -
Eurozone: Germany, Netherlands and Finland in reverse gear
27 September 20129915PresseuropSüddeutsche Zeitung -
Eurozone: EU prepares giant bazooka
24 September 20125710PresseuropFinancial Times Deutschland, Financial Times Deutschland, Der Spiegel, Kleine Zeitung -
Eurozone: Karlsruhe plays it safe
12 September 20125456PresseuropSüddeutsche Zeitung, Frankfurter Rundschau, Die Tageszeitung -
Germany: Karlsruhe court gives ESM breathing space
11 September 2012295PresseuropFrankfurter Allgemeine Zeitung -
Eurozone: Bailout fund under pressure in Germany
10 September 20125710PresseuropSüddeutsche Zeitung, Frankfurter Allgemeine Zeitung -
Eurozone: The independent ECB is dead
7 September 2012174139PresseuropDie Welt, Süddeutsche Zeitung -
Eurozone: Draghi saves the single currency
7 September 2012105135 El País Madrid -
Interview: Paul Krugman: “The euro is a shaky construction”
6 September 201262880 L'Express Paris -
Eurozone crisis: Bulgaria shelves plans to join the common currency
4 September 20125530PresseuropThe Wall Street Journal Europe, EUobserver.com -
Eurozone: Draghi, the one true statesman
3 September 2012157214 Le Monde Paris -
Banking Union: Make ECB Europe’s bank watchdog, says Brussels
31 August 20123316PresseuropFinancial Times, Les Echos -
Eurozone crisis: Mario Draghi vs Germany continues
30 August 20124585PresseuropDie Zeit, Frankfurter Allgemeine Sonntagszeitung, Il Sole-24 Ore, Die Welt -
Spain: Madrid wants to speed up banking sector clean-up
29 August 2012434PresseuropCinco Días -
Greece: Berlin and Paris give Athens a last chance
27 August 20123831PresseuropTo Vima, To Ethnos -
Eurozone crisis: Berlin restores realpolitik
23 August 201284373 Il Sole-24 Ore Milan -
Finland: Increasingly vulnerable and keeping its distance
20 August 2012509PresseuropLa Croix -
Eurozone crisis: Helsinki and Vienna brace for Grexit or euro break-up
17 August 201210824PresseuropKurier, The Daily Telegraph, Bild -
Eurozone crisis: The “Merkel Memorandum”
10 August 20129551PresseuropThe Economist -
Eurozone crisis: These Yankees playing at Cassandras
9 August 20123812PresseuropFrankfurter Allgemeine Zeitung -
Eurozone crisis: Banks pull up the barriers as euro break-up fear takes hold
8 August 2012787PresseuropThe Times -
Eurozone crisis: Business jitters spark EU cash flight
7 August 20121137PresseuropFinancial Times, Kurier -
Eurozone crisis: Young and restless, the new masters of Europe
7 August 201236724 International Herald Tribune Paris -
Italy-Germany: Pride and prejudice
6 August 2012206118 La Stampa Turin -
Eurozone crisis: Mario Draghi — saviour or executioner?
3 August 201211774PresseuropABC, El País, Corriere della Sera & 4 others -
Eurozone: The day we’ll find out what Germany wants
1 August 2012115114 La Vanguardia Barcelona -
Germany: Friends that Merkel could do without
31 July 20123278PresseuropHandelsblatt -
Eurozone crisis: The euro is coming to an end
30 July 201232093 Die Welt Berlin -
Eurozone: Mario Draghi — bluff or balm for the crisis?
27 July 20125448PresseuropCorriere della Sera, El País, El Mundo & 3 others -
Debt crisis: What about taxing the rich?
26 July 20122217PresseuropHandelsblatt -
Eurozone: Spanish bailout is now inevitable
24 July 201229888 The Guardian London -
Eurozone: Germany’s triple A rating under threat
24 July 20125967PresseuropLe Monde, Frankfurter Allgemeine Zeitung -
Eurozone crisis : Latin euro or German rescue ?
23 July 20126960PresseuropThe Daily Telegraph, Handelsblatt -
European Union: Power struggle for control of banks
16 July 2012505PresseuropSüddeutsche Zeitung -
Eurozone: No relief for Spain yet
9 July 20123621PresseuropEl País -
Ways out of the crisis (2/3): Estonia — subsidised austerity
27 June 20127513 Eesti Päevaleht Tallinn -
Debt crisis: EU is the least worst option for Cyprus
26 June 201232PresseuropO Phileleftheros, Politis -
European Union: More budget powers for Brussels
26 June 20125014PresseuropFinancial Times -
Ways out of the crisis (1/3): Slovakia — the Lord helps those who help themselves
26 June 20127815 SME Bratislava -
Eurozone: Why Mario Monti needs to speak truth to power
25 June 2012165204 Financial Times London -
Eurozone crisis: Saving Private Euro goes Rome
22 June 20124610PresseuropL'Espresso, Le Figaro, La Stampa, El País -
Italy: In Rome, bailout is no longer taboo
15 June 2012262164 Linkiesta Milan
The banking union agreed by European leaders on 18 October is just one of a set of measures that also includes supervision of national budgets and a greater role for the ECB. And the goal of these manoeuvres is to determine if, and how, Spain will ask for help. 
EU leaders have decided to move forward with a banking union, but much more slowly than they had agreed last June. German procrastination and collective timidity are to blame, laments the Daily Telegraph’s Brussels correspondent. 
With the entry into force of the stability mechanism and the consensus on plans for a banking union, the Eurozone has compensated for the “birth defects” of the single currency, albeit at the price of a widening rift with other member states. 
With the launch of European rescue fund the ESM on October 9, the EU is betraying its founding fathers and their treaties. That it will stabilise the monetary union is also in doubt, laments FAZ, which strongly backs Germany’s policy of stability. 
Marked by the drive to balance public accounts, the budgets been recently presented by several countries will pave the way for more hard times, and even more recession. To break out of a deficit-austerity vicious circle, spending limits will have to be more flexible, argues the director of Slate.fr. 
After a period of relative truce and some optimism, the markets seem to be back in a mood to dish out more punishment to the shakiest countries in the euro zone, and social tensions are flaring up. Those who thought that the modest changes in policy would solve a structural crisis are gravely mistaken, says an economist. 
The verdict came as no surprise: Germany's constitutional court has green-lighted the European Stability Mechanism (the ESM) and so given the euro a future. But the condition attached is that any increase to the bailout fund must meet with German approval. Initial reactions from the German press. 
The debt buyback programme announced by Mario Draghi is a sign of the European Central Bank's subjection to political power, laments the German press, which is alarmed by this new shift in European monetary policy. 
In announcing that the ECB will buy up the debt of countries in distress, Mario Draghi is compensating yet again for the inaction of European leaders. And he is standing up again as the one who is changing the rules of the game – exactly what we needed, rejoices El País. 
To save the single currency beset by difficulties that stem from its initial design, Economics Nobel Prize laureate Paul Krugman argues that Europe should set its sights on low inflation but forget about implementing uniform austerity measures. 
On 6 September, the European Central Bank President is expected to announce that his institution will attempt to resolve the Eurozone crisis by buring Spanish and Italian debt. Notwithstanding German opposition to this decision, Le Monde argues that it has the merit of defining a way forward for Europe. 
In the wake of a jittery summer, the eurozone can look forward to a more tranquil autumn, with northern European countries, and in particular Germany, adopting a more pragmatic approach. The richer EU states have finally come to the realisation that the end of the euro would have catastrophic consequences both for the EU and the world at large. However, that does not mean they are ready to cut their partners some slack, or that the crisis will be resolved anytime soon. 
With a click, the young City traders can bring down governments or threaten the survival of the euro. But, by their own admission, they have difficulty interpreting the confusing signals from European leaders and act cautiously, in a vicious cycle that feeds the debt crisis. 
Despite the efforts of Italian Prime Minister Mario Monti to appease German public opinion, his own countrymen deplore the nationalist and anti-European mood in Germany. The blame lies with preconceived ideas - and with Italy's position too, writes La Stampa. 
The ECB will probably intervene, but states will have to ask for help first. The message delivered by the President of the European Central Bank raises serious reactions in the European press, which questions whether Draghi really has the power or not. 
The meeting of the European Central Bank of August 2 has been declared crucial for Spain and Italy, who are waiting for help. This will be the moment we find out who in Germany — be it the Chancellor or the President of the Bundesbank — is to decide on its position on the crisis. 
Draghi, Merkel, Hollande and Juncker may be fond of standing behind the euro in a demonstrative display of unity. It no longer makes sense, writes the Die Welt am Sonntag. Europe's differences are too big for a single currency. 
In stating that “the ECB is ready to do whatever it takes to save the euro,” its president has sent a positive signal to markets, believes the European press. In the absence of clarification, though, it is difficult to know the effects over the long run. 
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. 
Estonia, the model of a country that slashed government spending, only managed to overcome the serious 2007-2009 crisis thanks to well-timed funds from the EU. 
The current soap opera is far from being wrapped up by the bailout for Spain. We’re only at the 44th episode, and the main character of the whole series – Italy – has so far only been flitting furtively through the background. 
Only a political union can save the euro and the EU, and only the Italian PM can say it clearly and convince Germany, argues columnist Wolfgang Münchau before this week’s EU summit. But will he? 
Despite reassuring announcements from the government, Italy’s Treasury is already peering closely at the terms of an assistance plan. Its goal: to find a painless solution that will prevent the third-largest economy in the eurozone from getting the Greek treatment.