Il Sole 24 Ore, 22 September 2010
"UniCredit board loses faith in Profumo," leads Il Sole 24 Ore, after the CEO resigned from Italy’s No 1 bank. The board of directors censured Profumo for letting Libya take the biggest stake in the bank without apprising them. “Who’s afraid of a maverick bank?” asks the Italian daily. Elsewhere, Milan's La Repubblica explains that Profumo, one of the few maverick managers in Italy, had a number of political enemies – starting with the Northern League, whose bid for greater sway in the bank sector he firmly opposed.
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.