France’s German Mirror
Project Syndicate | By Dominique Moisi| In the mirror of Germany, the French must ask themselves fundamental questions. Have they made the right choices in terms of leaders and policies in recent decades?
Project Syndicate | By Dominique Moisi| In the mirror of Germany, the French must ask themselves fundamental questions. Have they made the right choices in terms of leaders and policies in recent decades?
WASHINGTON | “Investors would be well advised to see the outcome of Cyprus both as a reflection of how future stresses will be handled, and a reminder that efforts to shift the liabilities associated with legacy bad bank assets.”
BARCELONA | By CaixaBank analysts | It is expected that, in some cases such as Spain or France, the European Commission will ease the extent of fiscal consolidation required over the coming years.
Presseurop.eu | By Matthias Horx | Greedy banks, the EU or Angela Merkel: The search for the culprit in Cyprus is running along the usual fault lines of the euro crisis. But do individuals not share in the responsibility for the mistakes of their society? That would mean the Cypriots would have to give up some of their savings deposits.
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.
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?
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.
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.
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.
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.