Britain, are you Greece in disguise?
Britain is living “on borrowed time” runs the Times’ shock front page headline in the wake of a report on government spending. “Official figures showed that the Treasury borrowed another £4.3 billion (€4.9bn) last month,” the daily announces. “It is the first time since records began in 1993 that the nation has been in the red in January, traditionally the month when government coffers are swelled by big tax receipts.” Although Treasury officials insist that the Government will borrow a total of £178 billion (€202bn) this year – 12.6 per cent of GDP, City experts believe the deficit will overtake Greece’s 12.7. For the Times leader, this is “a monumental economic failure.” Britain went unprepared into “the bitterest recession since the 1930s,” it argues, pinpointing Gordon Brown’s years as Chancellor, where he “dramatically expanded welfare spending."
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports:
The new Eurogroup meeting on February 9 is not enough to banish the spectre of a Greek bankruptcy. While Athens may largely be responsible for the crisis, the EU and its partners are not blameless themselves. La Stampa argues that their confused messages and the absence of any strategy have transformed a resolvable problem into an explosive chaos.
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.