Some scenarios for the euro
A mantra is haunting Europe – the euro is experiencing its worst crisis ever. Magazyn, the weekend supplement of Warsaw’s Dziennik Gazeta Prawna has decided to draw up a series of scenarios about the future of a currency that might not see its next birthday. One proposal is a return to the EEC and national currencies. No less radical is the exclusion of Greece or a eurozone reshuffle, dumping indebted southern members and creating a superstrong integration zone made up of northern states. One positive scenario is to harness the crisis to accelerate integration and create a European super-state. This road looks particularly winding and bumpy since it would mean “shifting the centralising French approach to government to a European level” – an idea not likely to be welcomed with open arms by Germany and the Netherlands, let alone eurosceptic Britain. Elsewhere, DGP’s front page headline “Moscow bets on love” refers to Russian Justice Minister Aleksandr Konovalov’s visit to Warsaw to seal agreements on economic co-operation between and Poland and Russian, a sign the thaw between the two nations is enduring.
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.
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.