Although Ireland’s economy seems to be improving, Barclays warned that fiscal adjustments hit employment figures and disposable income.
Inflation in the euro area falls by 0.1 percentage points to 2.5% year-on-year. CaixaBank analysts predict a downward slide in inflation over the coming months.
A eurozone’s press review of the coverage about the banking union project gives a crystal picture of the mess: the division is growing between Germany’s position and the rest of its currency area partners.
Concerning the total trade of member states, the largest surplus was observed in Germany, followed by the Netherlands and Ireland. The United Kingdom registered the largest deficit.
The austerity trap. That’s the price to pay for an asymmetric scheme that fails to impose any discipline on those, like Germany, equipped with comfortable margins of manoeuvre for increasing their domestic demand.
PARIS | Angela Merkel is entering an election period and wants to avoid the slightest risk, while François Hollande fears nothing more than reopening old wounds in his majority government. End of the federal Europe road?
AMSTERDAM | by Saskia Houttuin for Fair Observer | As more immediate economic concerns engulf Dutch politics, Geert Wilders’ Freedom Party is rather rapidly losing popular support.
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?