Gazeta Wyborcza, 1 December 2010
“What pulls our growth up?” headlines Gazeta Wyborcza on the record, though unexpected, 4.2% GDP rise in the third quarter of the year. Three factors – or engines – as the Warsaw daily calls them, have contributed to this "economic miracle": strong consumption (a 3.5% rise compared to the previous year), an increase in investment (up 0.4% on last year) and more confidence among companies who have begun rebuilding their stocks. The daily warns that a robust rise in investments is needed to ensure long-term growth and stresses that companies will not start investing until their owners see some “calm on financial markets”.
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.