Austerity and free market regulations have created a band of loyal followers: The Precarious. And they are threatening the jewel European civilization, social security, argues Belgian writer Geert Van Istandael.
The news of Spanish banks reducing ECB credit use fits within the more attractive frame European banks sit now in. Stock returns have outdone market average by 44 percent since July 2012.
Austerity is increasingly becoming a danger, not only for the euro peripheral economies, but for the rest of the developed economies, too. Will the European Central Bank take action?
Presseurop.eu | By Sara Ficocelli | After two years of radical austerity the Irish economy is going through an upswing, thanks to new revenue the state is collecting from renewable energy and from taxing fossil fuels and rubbish.
LONDON | Fitch Ratings noted that, in spite of the slow progression, European government debt volume should not worry investors in the new year.
By Steen Jakobsen, chief economist at Saxo Bank | “The greatest danger, unless something is done, is that social tensions scale and political radicalism grows in Europe, with unemployment pushing young people against the institutions and the private sector telling the public sector that enough is enough.”
By Miguel Ángel Rodríguez, XTB analyst | The toxic assets aren’t just linked to real estate and construction companies, but to sovereign debt holdings, too. Which is why, without a Banking Union the whole euro nightmare will repeat itself.
Presseurope | by Karin Finkenzeller | Hard-hit by the crisis, Lisbon is wooing rich investors from its former colonies. Anyone who invests in the country has a good chance of obtaining a visa — and an open door to the rest of Europe.
German exports provided the government with proof that the country’s economy isn’t immune to the crisis affecting the economies in the south of Europe.
BRUSSELS | In November 2012, 5.799 million young persons (under 25) were unemployed in the EU, of whom 3.733 million were in the euro area.