LONDON | The temptation to leave the battered ship adrift of the European Union increases by the hour in Downing Street, amid the silence of the opposition and the business community. If Brussels and Berlin arouse disaffection among their close partners, what would you expect from London?
Prof. Krzysztof Rybiński, rector at the Vistula Finance and Business Academy in Warsaw and ex-deputy governor of the National Bank of Poland: “If we lower card payment commissions, will supermarket chains lower their prices? As more information on this is available, I have become less and less convinced.”
From Presseurope.eu | For Italian writer Claudio Magris, the only way to dispel the dismay prompted by the European economic and political crisis is to create a strong, decentralised and respected federal state.
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.
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.
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.
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.
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.
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.
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.