In Europe

Eurozone recovery widens

Recovery is within reach of Eurozone

BRUSSELS | By commissioner Olli Rehn | ‘Yes, this slightly more positive data is welcome – but there is no room for any complacency whatsoever. I hope there will be no premature, self-congratulatory statements suggesting “the crisis is over”.’



Warships

Cameron orders firing blanks in Gibraltar

MADRID | By Luis Arroyo | The Spanish government is simply enforcing the law–a law that the British government has signed. Madrid, unlike London, still has the option of increasing its pressure without pointless nationalistic antics like Royal warships.


Greek economy

The trouble with Greece: poor integration with European market

LONDON | By Richard Laming | Fixing the problems of the Greek economy is not simply a matter of attending to the public finances and is a task that will take many years. But is not in the nature of the international bond markets to give sovereign debtors that long.


Christine Lagarde IMF director

Off you go, IMF

PARIS | Calling on the expertise of the IMF helped save the euro at the height of the crisis. However, the personal involvement of the head of the ECB and the creation of specific financial tools have now made recourse to the Washington-based institution unnecessary, says economist .


Governor Mark Carney

Cheers, Mark Carney!

MADRID | By Luis Arroyo | The economic cycle goes up and down. But after a terrible crash as the one we have suffered, following a crazy boom, amid staggering losses of capital and jobs, you would be deluded to believe that the economy will fix itself. 


Germany

German culture and economic growth

BARCELONA | By Enric Fernandez | Both institutions and culture have a lot of inertia. There is no doubt, however, that this is much more the case with culture. Implementing a cultural change is surely impossible in the short term.


Olli Rehn

The outrageous salaries of Eurocrats

MADRID | By José Hervás | European commissioners and top officials can receive up to 70% of their salary when they retire, which in most cases translate into more than €10,000 per month.


Holidays

Fewer holidays for Europe

PARIS | By Gregoire Fleurot, via Presseurope.eu | To overcome the crisis, many European countries are thinking about cutting back on paid holidays. A tempting idea, but one that could prove counter-productive.