Bring me the head of George Soros
"Hunt down speculators," announces the Libération front-page headline. Reporting on the trend for more stringent regulation of financial markets, the French daily presents a portrait gallery of financial "predators," including the "master of them all," George Soros. Hedge fund managers who have a mind to profit on the back of countries and their currencies are now under fire from governments on both sides of the Atlantic, explains the newspaper. In the United States, the Department of Justice has launched an inquiry to see if several hedge funds collaborated in February to undermine the value of the euro. European countries also want more monitoring and control of speculators "who generally prefer to keep their activities secret." The chief of the French Financial Markets Authority (AMF), Jean-Pierre Jouyet, "has repeatedly called for stricter controls. In Germany, the Merkel government is in the process of preparing a law to regulate short selling, a technique commonly used by the hedge funds." In April, the European Parliament will vote on bill to impose tighter regulations on the activities of non-European funds in Europe's markets.
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:
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.
Agree to new austerity measures or risk being kicked out of the eurozone: that’s the alternative presented to Athens on the day the euro group is meeting. It’s a situation Greek politicians have failed to avoid, regrets To Vima.