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Euro crisis
German exports:
Don’t lash out at ‘Made in Germany’
The European Commission has opened a “thorough investigation” into Germany's export surpluses, which stand accused of damaging the Eurozone's balance. However, working towards banking union would be wiser, writes Diario Economico's director.
13 November 2013 –
Diário económico
(Lisbon)
Interest rate cut:
‘What’s come over the ECB?’
In a move that came as a surprise to many analysts, on November 7, the European Central Bank cut its key interest rate bringing it down to 0.25 per cent. Although unexpected, the decision has generally been welcomed, reports the European press.
8 November 2013 –
Presseurop
Ideas:
Populism is not the real issue
Referring to all the movements of rebellion that are springing up here and there as populist or reactionary only serves to hide the real roots of the problem. The EU, as we know it, is not threatened by the anger of its citizens, but by the reluctance of governments to delegate their sovereignty.
8 November 2013 –
La Repubblica
(Rome)
Economic crisis:
‘Europe has run aground’
The EU has yet to overcome the economic crisis and many countries are starting to blame Germany, writes Rzeczpospolita. The latest Eurostat data shows that […]
6 November 2013 –
Presseurop
Rzeczpospolita
Ireland:
‘Ireland now expected to exit bailout unaided’
“Sources in Brussels now expect Ireland to exit the bailout without a backstop in place”, reports The Irish Times. Three years after the country’s formal request […]
6 November 2013 –
Presseurop
The Irish Times
Eurozone Crisis:
‘Poland is an EU leader’
Poland’s GDP in 2013 will be 19.7 per cent higher in real terms compared to 2007 – the year before the start of the […]
4 November 2013 –
Presseurop
Dziennik Gazeta Prawna
Portugal:
‘10,000 people leave Portugal every month’
The number of Portuguese workers leaving the country hit a new annual high last year, with the departure of 121,418 – ahead of the previous […]
30 October 2013 –
Presseurop
Diário de Notícias
Eurozone crisis:
‘Ireland may not need credit line to exit bailout’
Following a meeting with the International Monetary Fund (IMF) on October 28, Ireland’s Finance Minister Michael Noonan said the country may decide not to request […]
29 October 2013 –
Presseurop
The Irish Times
Currencies:
‘The euro is strong, fine. Damnit! It is also expensive’
“The euro is the world’s strongest currency, a year and half after many people assumed it was living on borrowed time,” notes De Volkskrant. For […]
25 October 2013 –
Presseurop
De Volkskrant
Eurozone Crisis:
‘Europe’s other debt crisis’
In addition to Europe’s sovereign-debt crisis is another looming problem: a private-debt crisis, built up by banks and private companies who took out huge loans, […]
25 October 2013 –
Presseurop
The Economist
2014 European elections:
Europe’s economic elite backs the euro
The anti-euro parties may be stronger than ever in the next European Parliament. But unless they start working together, they will not be able to backtrack on the single currency, brought in by the economic elites of Europe in the pursuit of their own joint interests.
22 October 2013 –
De Volkskrant
(Amsterdam)
Banking Union:
Building confidence?
21 October 2013 –
Khaleej Times
(Dubaï)
Debt crisis:
Irish exit into the unknown
After three years of public sector spending cuts, Ireland looks set to exit the EU-ECB-IMF bailout programme on December 15, but at what cost? The country remains mired in depression and the economy is now hollowed out.
17 October 2013 –
The Guardian
(London)
Debt Crisis:
Troika on the brink of implosion
Disagreements between the European Commission and the IMF on how to end the debt crisis in Europe continue to grow. Starting in Brussels, it is possible to envisage the careful dismantling of the group.
16 October 2013 –
Mediapart
(Paris)
Ireland:
‘Tough budget tempered by €500m jobs stimulus package’
On October 15, the Irish government unveiled an austerity budget for 2014 with €2.5bn in spending cuts, as the country prepares to leave the troika […]
16 October 2013 –
Presseurop
The Irish Times
Portugal:
‘Cuts beyond the troika’
Pensioners, civil servants and state sector employees will be the big losers under the terms of the 2014 budget announced by the government on October […]
16 October 2013 –
Presseurop
Jornal de Negócios
Banking union:
‘Brussels passes the banking supervisor, but without bailout fund’
EU finance ministers officially adopted the Single Supervisory Mechanism on October 15, first pillar of the banking union plan. However, El Economista reports that EU finance […]
16 October 2013 –
Presseurop
El Economista
Slovenia:
‘They decide the fate of the country, but do not reveal contacts with lobbyists’
European Commission staff, currently preparing a report on how to stabilise the country’s fragile economy and recapitalise its banks, have too much access to confidential […]
15 October 2013 –
Presseurop
Dnevnik
Debt crisis:
Rural Ireland feels the pinch as Dublin bounces back to life
As Ireland prepares to return to the markets at the end of the year, there are signs of fragile recovery. However, this is not evenly spread throughout the nation. As the country’s cities get back on their feet, rural districts sink further into recession, writes an FT journalist.
10 October 2013 –
Financial Times
(London)
Eurozone crisis:
IMF had doubts about Greek bailout
Almost a third of the International Monetary Fund’s (IMF) members raised doubts about the effectiveness of the Greek bailout at the meeting in which they […]
8 October 2013 –
Presseurop
The Wall Street Journal Europe
Portugal:
‘Troika does not give a millimetre’
The troika’s delegation will leave Portugal on October 4 without having given ground on any fundamental measure during the 8th and 9th reviews of the […]
3 October 2013 –
Presseurop
Diário de Notícias
Portugal:
‘Government invokes ‘public interest powers’ to apply the 40 hours’
Portuguese civil servants will begin working an extra hour each day starting September 28, increasing their working week from 35 to 40 hours, reports Diário […]
25 September 2013 –
Presseurop
Diário económico
Austerity:
‘IMF announces “mea culpa” for Portugal’
An internal International Monetary Fund report, released on September 17, argues that austerity must have "speed limits" and admits some of the policies the fund […]
18 September 2013 –
Presseurop
Público
Portugal:
‘Debt interest rates above 7% prompt new bailout fears’
Talks between the Portuguese government and the EU-ECB-IMF troika on how to close the current bailout began on September 16, while markets continued to show […]
17 September 2013 –
Presseurop
Público
Greece:
‘Backdated knife’
Some 150,000 pensioners and 50,000 public sector policy holders who applied for retirement since July 1, 2012, will have to contend a “new shock” reports […]
16 September 2013 –
Presseurop
Eleftherotypia
Banking supervision:
‘ECB to supervise major banks’
After months of discussions, the European Parliament voted by a large majority on September 12 to greenlight Europe-wide banking supervision by the ECB, notes Frankfurter […]
13 September 2013 –
Presseurop
Frankfurter Allgemeine Zeitung
Italy:
‘ECB: deficit goal at risk’
According to the ECB, Italy’s stated goal of reducing its deficit to below 3 per cent of the GDP in 2013 faces a “growing risk” […]
13 September 2013 –
Presseurop
Il Sole-24 Ore
German elections 2013:
‘One woman to rule them all’
Despite previous criticism of the German Chancellor’s “needlessly austere” treatment of Eurozone countries and her reticence to commit the EU to full banking union, Angela […]
13 September 2013 –
Presseurop
The Economist
Banking Union:
Parliament and ECB agree transparency deal
Head of the European Parliament Martin Schulz and European Central Bank (ECB) chief Mario Draghi reached a deal on September 10 on transparency regulations for […]
11 September 2013 –
Presseurop
EUobserver.com
Slovenia:
‘Cost to the country will exceed half a billion’
The liquidation of two of the country’s smallest banks, Probanka and Factor banka, announced on September 6, could have serious repercussions for state finances and […]
10 September 2013 –
Presseurop
Dnevnik
Poland:
‘Mazovia is bled dry’
Poland’s richest region Mazovia, which includes the capital Warsaw, is being pushed to the verge of bankruptcy by its requirement to pay a “solidarity fee” […]
10 September 2013 –
Presseurop
Gazeta Wyborcza
Debt crisis:
‘New Portugal plan will be tougher than Ireland’s deal’
To ensure its future, Portugal will have to sign a new financial aid deal with the European Commission and European Central Bank in June 2014 […]
6 September 2013 –
Presseurop
Diário de Notícias
Italy:
Welcome home to unemployment
Many Italians are coming home from their holidays to discover their job has disappeared and the company they worked for has folded. Bankruptcies during the holidays are common in Italy, but this year they have become the norm, writes Süddeutsche Zeitung.
3 September 2013 –
Süddeutsche Zeitung
(Munich)
Poland:
‘Champions of optimism’
Poles are much more optimistic about their future and current economic situation than Czechs, Hungarians or Slovaks, according to a CBOS poll published by Gazeta […]
30 August 2013 –
Presseurop
Gazeta Wyborcza
Greek Crisis:
‘How many are leaving and from which ministries?’
In line with its commitments to the EU-ECB-IMF troika, the government in Athens has given the greenlight to plans to restructure the country’s public service. […]
27 August 2013 –
Presseurop
Ta Nea
Banking:
UK throws out EU guidelines
The UK’s new markets watchdog has for the first time formally rejected EU financial regulation guidance, instead approving looser restrictions on bankers and brokers, as […]
27 August 2013 –
Presseurop
Financial Times
Greece:
It’s a bird. It’s a plane...
26 August 2013 –
Expresso
(Lisbon)
Eurozone:
‘Will Athens’ debt be written off?’
Remarks made by German Finance Minister Wolfgang Schäuble on further aid to Greece have triggered a debate on the cancellation of Athens’ debt, notes Die […]
26 August 2013 –
Presseurop
Die Welt
Eurozone crisis:
‘Euro rescue, bill please!’
In the wake of German Finance Minister Wolfgang Schäuble’s remarks that Greece will probably need another bailout in 2014, Handelsblatt publishes a feature on “the […]
23 August 2013 –
Presseurop
Handelsblatt
Greece:
‘How will we obtain another aid package?’
On the occasion of his visit to Athens on August 21, Jörg Asmussen, the German representative on the board of the European Central Bank (ECB), […]
22 August 2013 –
Presseurop
Ta Nea
Banks:
‘Bank of Cyprus in Russian colours’
The restructuring of the Bank of Cyprus (BoC) to be concluded before the visit of the troika of international creditors in mid-September is expected to […]
21 August 2013 –
Presseurop
O Phileleftheros
Germany:
A sleeping beauty
The Merkel government demands southern countries make far-reaching reforms, but denies responsibility for the consequences of the crisis. It is a harmful attitude for Europe as Germany prepares for its legislative elections, warns philosopher Jürgen Habermas.
16 August 2013 –
Der Spiegel
(Hamburg)
Economy:
The holiday swarms
15 August 2013 –
De Groene Amsterdammer
(Amsterdam)
Eurozone crisis:
‘Europe begins to see way out of crisis’
“In the wake of prolonged economic decline, Europe is doing better,” writes Berlingske, ahead of the publication of EU and eurozone second-quarter GDP figures by […]
14 August 2013 –
Presseurop
Berlingske Tidende
Eurozone crisis:
Leaving the “worst recession” since the 1930s
The eurozone looks to be climbing out of its “worst peacetime economic upheaval since the Great Depression”, writes The Financial Times after reviewing data, to […]
13 August 2013 –
Presseurop
Financial Times
Greek crisis:
‘Germany refuses new Greek bailout plan’
The German government is against the idea of debt relief for Greece and denied that there is a need to modify the bailout programme, a […]
12 August 2013 –
Presseurop
Die Welt
Economic crisis:
‘Europe picks up momentum’
Europe appears to be arriving at the end of the longest recession since WWII. European Central Bank forecasts indicate that experts are expecting growth of […]
9 August 2013 –
Presseurop
Süddeutsche Zeitung
Eurozone crisis:
We must learn to do without the IMF
Calling on the expertise of the International Monetary Fund helped save the euro at the height of the crisis, however, the personal involvement of the head of the ECB and the creation of specific financial tools have now made recourse to the Washington-based institution unnecessary, says an economist.
7 August 2013 –
Les Echos
(Paris)
Spain:
‘Brussels supports IMF demand for 10% cut in Spanish wages’
The IMF proposal, made public last week, to cut wages in Spain by 10 per cent in exchange for funding for job creation, has found […]
7 August 2013 –
Presseurop
El País
Youth unemployment:
What future for the lost generation?
Amid the economic crisis and political disintegration an intergenerational conflict is emerging. How will the generation that has experienced the decline turn its situation around, wonders a Dutch commentator.
5 August 2013 –
NRC Handelsblad
(Amsterdam)
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