Hospodářské Noviny, June 23 2009.
Faced with six months of rocketing debt, Slovakian airline SkyEurope has gone into receivership. The low-cost airline, which a tribunal in Bratislava has given 3 months to get back on its feet, "is going for bust, or risks bankruptcy" headlines Hospodářské Noviny. June 22, its financial problems affected passengers for the first time, when Paris Orly airport authorities seized one of its Boeings. With summer just beginning, "a key period in terms of revenue...passenger confidence is essential for SkyEurope", the Czech business daily perceives.
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.