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Briefing: Staring into the eurozone abyss


Two years have passed since, May 9, 2010, when the 27 Eurozone leaders believed all that was needed to avert the danger of euro collapse was to create a €750 billion emergency fund.

But the crisis continued to spread, affecting major countries like Spain and Italy. The money earmarked for struggling countries has not prevented financial markets from destabilising the single currency. And austerity measures have only had the effect of weakening economies and deteriorating the living conditions of Europeans.

We must find something else. In 2012, it is growth and debt pooling that are central to the debate. But for that, the Europeans may have to enter into greater political union. A new Europe to negotiate its way out of the crisis? This is the challenge that this report aims to tackle.

Cyprus: A bailout, quick!

Cyprus Mail , Nicosia

Banking crisis: Everyone has been lying

Jornal de Negócios, Lisbon

Spain: Our time is nearly up

La Vanguardia, Barcelona

Eurozone crisis: Not even Germany is immune

Süddeutsche Zeitung, Munich, Der Spiegel, Hamburg

Spain: Budgetary discipline will bear fruit

El Mundo, Madrid, Jornal de Negócios, Lisbon

Eurozone: Banks could sink the euro

NRC Handelsblad, Amsterdam

Economy: IMF is a troublesome ally

NRC Handelsblad, Amsterdam

ECONOMIC CRISIS: Western Europeans save more

Dziennik Gazeta Prawna, Warsaw

Debt crisis: EU is the least worst option for Cyprus

O Phileleftheros, Nicosia, Politis, Nicosia

Eurozone crisis: Saving Private Euro goes Rome

L'Espresso, Rome, Le Figaro, Paris, La Stampa, Turin, El País, Madrid

Economy: Tides

De Volkskrant, Amsterdam