La Tribune, 3 January 2011
"How Roubini sees 2011," leads La Tribune, featuring an interview with the illustrious American economist who predicted the subprime crisis. Nouriel Roubini forecasts that the new year will be marked by slower growth in industrialised countries, mounting inflation in emerging countries and, above all, greater monetary instability, which could prompt “the weakest members to leave the eurozone”. The economist stresses the need to persist in carrying through the “painful but necessary” austerity plans and reforms to cope with the sovereign debt problem, whether in Greece, Ireland, Spain or Portugal (the so-called "PIGS").
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.