El Periódico de Catalunya, 2 December 2010
El Periódico de Catalunya leads with the “new economic market-mollifying measures” announced by Spanish PM Zapatero. This "third round of shock treatment in a year" entails privatising Barajas (Madrid) and El Prat (Barcelona) airports and 30% of the national lottery (which would bring in total receipts of €14 billion), as well as cutting corporate taxes and long-term unemployment benefits. However, El Periódico points out, these moves "won’t trim the deficit immediately, but in the medium term”. In its bid to reassure the markets, adds the Catalonian paper, the Spanish government is also counting on the European Central Bank, after its meeting on 2 December, to send out a “positive message to allay pessimism and speculation”.
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.