In Europe

No Picture

“Germany must allow the ECB to inject €3tr”, says Morgan Stanley

By Julia Pastor, in Madrid | The shared understanding between Berlin and Paris, that is, between chancellor Angela Merkel and president Nicolas Sarkozy, has suffered a breakdown for the first time since the euro crisis began. The reason is their different views on what role the European Central Bank (ECB) should be playing for the euro crisis to find a way out. While France defends giving the European Financial Stability…




No Picture

Vidal-Folch's response to the City of London: "rubbish"

In last Thursday’s edition, the Spanish newspaper El País included in its business pages an opinion piece by journalist Xavier Vidal-Folch about the systematic opposition of the City of London to the Tobin tax. The main thesis of the article is that London is blocking the tax to protect speculators and tax havens. With this idea as the main point, Vidal-Folch reels out facts and reflections, some of which we…


No Picture

Vidal-Folch’s response to the City of London: “rubbish”

In last Thursday’s edition, the Spanish newspaper El País included in its business pages an opinion piece by journalist Xavier Vidal-Folch about the systematic opposition of the City of London to the Tobin tax. The main thesis of the article is that London is blocking the tax to protect speculators and tax havens. With this idea as the main point, Vidal-Folch reels out facts and reflections, some of which we…


No Picture

Not one sterling pound to save the euro!

To help or not help the euro zone? This is the question about which the British prime minister David Cameron is being forced to discuss in and out of his own government. Meanwhile, the reflections of the country’s economy look healthy only by comparison against the battered image of the European continent at the financial mirror.  LONDON | You may not know Jeremy Browne, but when you read the recent remarks…




No Picture

Euro sceptics, beware euro scepticism

As scepticisms go, the euro type of scepticism has often been a problematic movement in many European countries and particularly those on the Mediterranean shores. Instead of injecting a healthy dose of self-criticism and reality-check against ethereal principles under which most of the European Union’s administrative structures have grown accustomed to little public accountability, many euro sceptics hide ideological identities that would be hard to maintain on the surface of…


No Picture

Sarkozy and Barclays: what a happy coincidence over Spain

At The Corner, we have a noticeable penchant for mixing news from the bright side, so we couldn’t let pass this occasion in which one of the core-Europe main actors and some British-based bank analysts have had warm opinions on the state of the Spanish economy (emphasis is ours.) According to this piece of reporting from the best-seller Spanish newspaper El País, at the end of the European Council meeting, French president…