WARSAW | By Maciej Okraszewski at Polityka via Presseurop | It’s not just the climate drawing increasing numbers of Russians with fortunes that are more or less legal, to move to Marbella and Malaga. The authorities are likely to turn a blind eye while the state prepares to open the EU’s door to these generous potential investors.
FRANKFURT | By Holger Schmale via Presseurop | Out on the campaign trail, the Chancellor has been stressing the track record of her government. It’s a strategy that she hopes will keep her above the political debate and steer her away from controversy. Excerpts.
MILAN| By Fabrizio Goria via Presseurop | Although German Chancellor Angela Merkel seems assured of victory, the German elections will be revelatory. The results should bring answers to a number of open questions concerning the future of the economy and of European institutions.
MADRID | By J.P. Marín Arrese | The Spanish PM has a hot agenda for the rentrée. Not only Mr Rajoy has to deal with the corruption scandal of his party but also with UK over Gibraltar’s dispute. The good news is that Spanish bonds yield is pretty low and giving Madrid some fresh air to reduce the deficit, still very high.
MADRID | By Jorge Chamizo via Capitalmadrid | Traffic improved slightly this year, along with a strong supply restriction. Ryanair also suffers some difficulties reducing its profit by 21 percent in its first fiscal quarter.
MADRID | By J.P. Marín Arrese | Figures for the second quarter announced by the European Commission must have exerted a soothing effect on badly mauled Hollande. Growth is back in France, even if it only amounts to 0.5%.
HAMBURG | Via Presseurop |The Merkel government demands southern countries make far-reaching reforms, but denies responsibility for the consequences of the crisis. It is a harmful attitude for Europe as Germany prepares for its legislative elections, warns philosopher Jürgen Habermas. As he puts it, “Germany is not dancing on the volcano; it is asleep on it.”
MADRID | By Luis Arroyo | Those who have already celebrated the euro comeback might be deluding themselves: investor confidence has changed gear because European peripheral risk at this point looks safer than some emerging economies’.
LONDON | By Victor Jimenez | The recent push for apprenticeships the Prime Minister favours could be costlier in the long run against the meagre savings in higher education spending achieved in the short term.
MADRID/BRUSSELS | Most European users of Internet-connected mobile phones–81%–aren’t willing to pay higher bills even if this brought improvements in speed or download capacity