European Monetary Fund nears reality
"The eurozone is finally waking up" and thinking of creating a European Monetary Fund, reports the Handelsblatt, now that Wolfgang Schäuble has come out in favour of setting up an apparatus to shore up European economies. He has fallen in with his French counterpart Christine Lagarde and European economy commissioner Olli Rehn, although Jürgen Stark, chief economist at the European Central Bank, remains opposed to the idea. Given this three-way consensus, the financial daily wonders “whether all three of them have the same thing in mind” and warns of the risk of the EMF becoming a “new monster bureaucracy”. "Apparently,” continues the Düsseldorf-based daily, "the Commission is fantasising as usual about meddling in national economic policies, in which case this fund would prove a real Trojan horse” in Brussels.
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.