In Europe


Euroland’s inability to deliver growth

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.


No federal Europe at sight

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?



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A German-shaped Banking Union

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.


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Italy in a coma

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.


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Why, Berlusconi, why?

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?



A flawed Berlin-dictated Euro-governance

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.


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Draghi’s inconceivable cynicism

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.