Sad reality
MADRID | By Alex García and @Mi_Bombin
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Ireland may not need credit line to exit bailout
BRUSSELS | By Suzanne Lynch at The Irish Times via Presseurop | Ireland may choose to exit its bailout programme without the support of a precautionary credit line, the Minister for Finance said yesterday following a meeting with the International Monetary Fund in Washington.
China’s Property Bubble: Pick Your Poison
BEIJING | By Andy Xie via Caixin | Officials are showing little enthusiasm for dealing with the property bubble, and if they do not act, market forces will do it for them.
U.S. spying scandal: The real transatlantic confidence crisis
MILAN | By Alessandro Plateroti at Il Sole 24 Ore via Presseurop | Viewed from Europe, the NSA spying scandal is eroding US credibility and standing. But from the other side of the Atlantic, it is the EU’s continuing inability to solve the economic crisis that is worrying American decision-makers.
France: ‘Government under tax pressure’
PARIS | By La Croix via Presseurop | “There is growing wind of revolt against the government’s fiscal policy,” explains La Croix in the wake of a weekend of violent demonstrations in Brittany agains the ecotaxe, a new environmental tax on road transport.
Starbucks in China: Prices Are as Plain as Black Coffee
BEIJING | By Qiao Xinsheng at Caixin | Why is a latte more expensive in Beijing than London? Because China is an emerging economy forcing hidden costs on companies and Britain isn’t.
‘Europe’s other debt crisis’
LONDON | By The Economist via Presseurop | It’s not just sovereign borrowing; there are too many zombie firms and overindebted households.
China: Deflating Property Bubble Fears
NEW YORK | By Junheng Li at Forbes via Caixin | The assumption that China’s housing market is out of control ignores many facts, most importantly that homeowners are not deeply indebted.
U.S. spying scandal: Communication lines under tension
BERLIN | By Claus Christian Malzahn at Die Welt via Presseurop | If allegations US intelligence services bugged German Chancellor Angela Merkel’s mobile phone are proved true, it will prove the worst fears a reality. After revelations of US spying on other countries, this could be the final straw in relations between Europe and the United States.
Who benefits from an acceleration in global growth?
LONDON | By Barclays analysts | Investor expectations have been slow to incorporate the improvement in global business confidence, and the persistent pessimism presents an opportunity to be long assets that will benefit from an acceleration in global growth.