The painful sequels of the Cyprus bailout
MADRID |Nicosia played with fire for a long time. And Europe has proved again its inability to prevent risky situations and handle them without pulling the trigger.
In Europe
What if Cyprus was the sparkle that set the euro zone on fire?
MADRID | By Ricardo Cantalapiedra | A Southern European countries coalition is necessary to counterbalance the troika’s power.What would happen if more countries asked Russia, or even China, for help?
Cyprus lose-lose plight
So long stiff capital control measures are in place the economy will enter into a free-fall. But as soon as they are lifted, the run on accounts might likely lead to a banking collapse.
The German economy will sustain Europe’s recovery
BARCELONA | CaixaBank researchers | The euro area’s drop in GDP was slightly more than expected. The European Commission expects a 0.3% drop in GDP in 2013, but the latest economic figures point to a slow recovery.
The deterioration in the labour market may have bottomed out
By CaixaBank analysts | The unemployment rate remains stable in December at 11.7%. Germany’s good performance slows down job losses in the euro area.
European regional GDP leagues
Among the 41 regions exceeding the 125% level, eight were in Germany, five each in the Netherlands and Austria, four in Belgium, three each in Spain, Italy and the United Kingdom, two each in Finland and Sweden, one each in the Czech Republic, Denmark, Ireland, France and Slovakia, as well as the Grand Duchy of Luxembourg.
Would a “Cammie Mae” housing agency work in the UK?
NEW YORK | The institution that UK government is thinking of establishing, similar to US giant government controlled agencies Fanny Mae and Freddie Mac, will improve the housing market and therefore the economy. But it comes with the risk of a bubble.
The Beppe Grillo contagion effect
Presseurop.eu | By Ferruccio Sansa and Emiliano Liuzzi | The comedian’s Five star movement was the revelation of last Italian election. Its anti-establishment views and “digital democracy” methods are shared by many political movements across the EU, and they could form a common front at the European elections in 2014.
Cypriot savers’ fault
LONDON | While the average German bank deposits have returned some $130 per $1,000 since 2008, the Cypriot figure almost doubles it. Yield information like this throws a very different light over what is happening this week in Cyprus.
Cyprus deal seen by US: when Europe started playing with dynamite
NEW YORK | If the same deal had taken place on this side of the Atlantic during the TARP (bank rescue program), some US media stated on Monday, we would have seen the Armageddon.