By Arran Frood | Resisting a reduced spend on science in Europe may require decision makers to understand the mechanisms that makes them discount future benefits in return for short-term certainty on cost savings.
Ronny Patz | We seem far from having only technocratic European debates. We seem far from only hearing national politician’s views on the national aspects of European politics.
By Miguel Ángel Rodríguez, analyst at XTB | For all the noise these scandals bring about, the pressure on Merkel should not abate. The eurozone needs that Germany relaxes its stand on public investment cuts, and efficient measures to deal with sovereign debt should be agreed by core country members.
By Ralf Grahn, lawyer | Political agreement among the heads of state or government is not the end of the EU budget story. According to Article 312(2) Treaty on the Functioning of the European Union (TFEU), the Council needs the consent of at least 378 MEPs (a majority of the 754 members).
Is Ireland such a good model to follow as Brussels would like the rest of the euro periphery to believe? The latest financial creative engineering to trim Irish public debt tells us that reality is quite different, and the eurozone still needs to find a long-term programme to solve its problems.
LONDON | By Jeremy Beckwith, chief investment officer of London Wall Partners LLP | “In contrast to the jobless recoveries seen in many Western countries after the 2001 downturn, the UK is experiencing a job-creating recession that is the cause of great head-scratching amongst economists.”
Presseurop.eu | The EU’s 27 leaders are now meeting to discuss the European Union’s 2014-2020 budget and will probably reach an agreement. But they will do so by making the usual petty deals that compromise the future, warns Le Monde.
“Germany, once more, detached itself from the deterioration observed in the rest of the eurozone economies with a solid services industry record, supported by good new demand figures.” And increasingly, France gets included in the rest.
Can Hollande salvage his country from the waves of austerity? JP Morgan analysts forecast a French deficit higher than the official target for 2013, which could trigger further budget cuts.
By Alexandru F. Ghita | The “sudden death” of one economic giant in certain regions created major spikes in unemployment. This is a(nother) sign that reliance on major companies to produce and sustain jobs on their own is counter-productive.