El País reports that Spain and Gilbraltar have negociated an agreement to exchange fiscal information that will bring an end to decades of financial opacity on the Rock. However, the Spanish government is now calling on the United Kingdom to sign the agreement. “Spain has claimed sovereignty over the Rock for 300 years,” the Madrid daily writes, “and does not recognize its capacity to negotiate on its own,” Signing an international agreement with the British colony would therefore mean an implicit recognition of sovereignty. The daily notes that the tax haven continues to receive cash flows from tax evaders and organised crime. 30% of audit-trail requests made by Spanish criminal investigators are blocked or unanswered. The Gibraltar authorities argue that these requests are sent to the British authorities instead of directly to them.
The leader of Greece’s leftist alliance SYRIZA is the new bright hope of Greek politics. Steering a course between pragmatism and the rhetoric of class warfare, he has unsettled Berlin, and not just those who back Angela Merkel's austerity policies.
Europe’s economic woes have forced us to try to understand the secret Olympian world of global finance. But now that we pay more attention to bond yields and stability mechanisms, isn’t it clear that the experts up on their lofty peaks don’t know what’s going on either?
This year’s Eurovision Song Contest is hosted by Azerbaijan, a country that is far from being a model democracy. An Estonian journalist takes a critical look at the deferential treatment enjoyed by the regime in Baku.