Don’t expect a single penny to be spent on banking restructuring processes for a long time to come, a nasty prospect for neighbours anxiously awaiting the common supervision agreement to clean up their messy financial industry.
In his documentary “Girlfriend in a coma”, the former editor of The Economist Bill Emmott analyses the reasons for Italy’s insurmountable resistance to the necessary changes and reforms. An attitude it shares with many European countries, it partly explains why Silvio Berlusconi wants to get back in business.
The resignation of Italy’s Prime Minister, announced on December 7, has caused some concern in Italy and abroad. But in the face of Silvio Berlusconi’s attempt to exploit social unrest, what other path was open to a technocratic government that has made such an effort to rehabilitate the country?
Citigroup analysts JLM Campuzano reviews the national politics in the euro zone, and how they are making it hard for the economy to exit the crisis.
MADRID | Germany is taking advantage of other euro zone partner’s feebleness to impose its credo. It aims to firmly anchor the fiscal compact initiative it has so forcefully battled for.
MADRID | European Central Bank governor Mario Draghi may retain more power than presidents and Economy ministers of the euro area country members, but does he has the same insight? Not at all. The entire EU is condemned to recession.
The Member States discussed over the text on the banking union to be adopted by the Council of Finance Ministers on December 4th. It’s an issue that the Vice-President of the Parliament, Gianni Pittella, has followed closely. In an interview on the eve of the Commission’s vote, he shares his views with Presseurop.
MADRID | Germany has made clear to its partners they must lose all hope about increasing financial solidarity in a foreseeable future. Eurobonds and funds to prevent external shocks are to be shelved for the time being.
Bulgarian anthropologist Ivaylo Dichev wonders: How is it that Western Europe is succumbing in its turn to the forces of separatism and disintegration that were at work in Eastern Europe in the 1990s? Need we search for the reason in the irresponsible policy of regionalism advocated by the EU?
In 2011, 24% of the European Union population were at risk of poverty or social exclusion, corresponding to around 120 million people.