What’s best for politicians is not for the euro
There are as many ways to stop one more country to follow Greece’s steps as European politicians’ excuses not to act upon them. Economist Luis Arroyo names them one by one.
In Europe
The European Disunion
Are we there yet? In XTB analyst Miguel Ángel Rodríguez’ opinion, we aren’t even close to get a simple agreement on which to lay the foundations of the much urgent banking and fiscal union for the euro zone. Yet, the picture is becoming clear about what to do next to succeed.
Austerity arrives to The Netherlands
From Presseurope.eu | Can the Dutch swallow a €15-billion budget cut? Never mind, its the very government cabinet where tensions are beginning to unfold. Their painful discussions will sound familiar to neighbours in the south of Europe.
Politically correct euro austerity misfires
MADRID | Without the debt mutualisation well organised single-currency unions have, the euro zone is nothing but a bunch of weak links. Citi strategist JL Campuzano advocates for deeper budget consolidation now, for economic growth in the near future.
After five years of economic crisis
In peripheral countries such as Greece, Portugal, Italy and Spain, the political class has been clearly overwhelmed by the crisis and its devastating effects, says commentator Carlos Díaz Güell.
The Euro won’t break up, yet Europe might collapse
MADRID | Will European leaders ever jointly move forward? The more the global economy slows down and recession looms too over core euro zone countries, the farther Europe finds itself from agreeing in letting the central bank do its work.
What Herr Rösler said to Madrid, Rome: consolidate budgets or else
Philipp Rösler, vice chancellor and federal minister of economics and technology of Germany, used Tuesday in London some of the toughest language in defence of further austerity for the euro zone.
The slow march towards European integration
MADRID | “Given that it took four years to complete the negotiations of the Treaty of the Union until it was signed in 1992, given the depth of the issues, it is conceivable that this time it won’t be a lot simpler,” says Carlos Díaz Güell.
EU Nobel Peace prize: check the small print
Although the European Union has a consistency of its own, the Nobel Committee may well see risks in the drawn-out process of more and more austerity accompanied by less and less growth.
Oops, Angela did it again
Economist Luis Arroyo describes the dimensions of the troubles the Spanish banking system faces and concludes that Chancellor Angela Merkel has, again, made the wrong moves during the last EU summit.