Presseurop.eu | With every serious crisis we feel sorry for young people who cannot find work, calling them a “lost generation”. Well, there have been many such generations in history and they always succeeded in the end, writes Jędrzej Bielecki.
The levels of unemployment registered by the Spanish labour market worry the whole of the eurozone, which is eager to see positive signs after Madrid implemented budget cut programmes and reforms. BNP Paribas said job creation is coming and will be quick.
BARCELONA | By CaixaBank analysts | The euro area’s current account balance rises to 79.44 billion euros. It is to be expected further improvements in the surplus in 2013, albeit gradually becoming smaller.
The experiences of past financial and real estate crises suggest the most efficient market restructurings are achieved through fresh equity and debt-restructurings rather than selling debt at steep discounts to face value.
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.”