In Europe

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Despite domestic turmoil, Rajoy is right

Unless those having more ample room to invigorate their demand do so, we are bound for a long period of strenuous struggles to undertake a painful real adjustment with no firm assurances the sacrifices attached to it  may work.

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The EU rail network of the future | “We can only welcome Brussels’ initiative if it really succeeds in relaunching rail transport in Europe,” writes Gian Paolo Accardo.

Spanish big shopping centres’ new regulation: more work, less pay

MADRID | By Fernando G. Urbaneja| The Spanish new regulation follows the old principle that in times of crisis people should be working more and earning less. More working hours are added, up to nearly 1,800 per year, a fact that Germany should note in order to dismiss the cliché of Southern Europeans being lazy.

The EU Banking watchdog is coming. Or is it, really?

MADRID | By Raimundo Poveda, former banking regulation director at Bank of Spain |  The Single Supervisory Mechanism can be late. The EU banking watchdog has still to be formally founded, decide who’ll be part of its leadership, create an internal organization network and define its financing sources.

How pleased the European banking system must be

By Alessio Pissanò | While the European banking system is shaken by the worst crisis ever and the Italian Monte Paschi di Siena, the world’s oldest bank, is falling down, the European Commission seems ready to water down the Liikanen Committee’s recommendations about ringfencing of proprietary banking trading.

The unlikely eastern European immigration wave within the crisis-ridden Union

CRACOW | By Matthew Shearman | Ahead of the end of immigration controls on Romania and Bulgaria in January 2014, some UK ministers are thinking of running a campaign to deter a repeat of the 2004 “wave” of immigration when eight former communist countries gained EU working rights. But the eurozone crisis makes this prospect less likely.

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Going back home from the Greek crisis | Kostas Onisenko | Victims of the Greek crisis and its consequences, non-European migrants have started to head home. In a centre in Athens, they talk bitterly of the setback that repatriation represents for them.