In Europe

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EU Growth: If Europe is the ‘avant garde’, we’re doomed!

SAO PAULO | By Marcus Nunes | A depressing quote: “A deeper, more worrying explanation is that Europe does not have a strong desire for growth. In fact, some have become convinced that, given the environmental consequences, economic growth does more harm than good and that the crisis should be regarded as an opportunity to shift to a more frugal economy.The growth agenda, according to this view, is a Trojan horse for ecological neglect – for example, through more business-friendly environmental regulation or shale-gas exploration.” (By French government’s Commissioner General for Policy Planning



The Cliché of Working Longer Hours in Spain

MADRID | By Fernando G Urbaneja | Jeroen Dijsselbloem is happy because Spain is doing its homework, but he warns that there is still a lot to do. “Working harder and longer” is his motto, although he doesn’t seem to know how eager the Spanish unemployed are to find a job. And extending the age of retirement doesn’t look like the best option.




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EU stress tests: Draghi gets nervous

MADRID | By JP Marin Arrese | Draghi’s acid comment that a number of banks had to fail the forthcoming ECB asset quality and stress tests to ensure their credibility, sounded like a warning on his resoluteness to undertake an unsparing check before taking over full supervisory powers. His scaremongering statement has being judged as wholly inappropriate for a central banker. A position he is well acquainted with.



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The ECB makes it difficult

MADRID| By Francisco López |The European Central Bank published on Wednesday some of the criteria to evaluate financial entities’ solvency, as a previous step before it takes on competences as a single banking supervisor. Balances of 128 European banks will be tested  from November to October 2014. And new rules are stricter than expected.


Europe should create Web 3.0

Europe should create Web 3.0

PARIS | By Eric Sandin at Le Monde via Presseurop | In response to NSA eavesdropping and the massive collection of user data by Internet giants, it is up to the EU to lay the foundations for the future worldwide web. Because only Europe can guarantee a “responsible, shared” environment in which individuals can manage the data that concerns them.


Greece

Greece: Ladies and Gentlemen, Please Fasten Your Seat Belts

By Nick Malkoutzis | The Agora/ MacroPolis | Earlier this year, Prime Minister Antonis Samaras held an informal dinner with some of his party’s MPs. He reportedly told them that if Greece would be able to get through a tough summer, it would “take off” in September. We are now nearing the end of October and there has been no departure for the skies. Instead, Samaras is bracing for impact.