To Vima, 16 June 2010
Headlining with "a united front against Moody’s", To Vima reports on criticisms voiced by Euro Group President Jean-Claude Juncker and the European Commission in the wake of yet another downgrade of Greek sovereign debt. The daily points out that the day that the American credit rating agency announced the Greek rating cut coincided with Chinese Vice President Zhang Dejiang's official visit to Athens to sign a series of contracts worth "several hundred million euros" – an event that will provide the Greek government with much needed "political and financial support."
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.