To help or not help the euro zone? This is the question about which the British prime minister David Cameron is being forced to discuss in and out of his own government. Meanwhile, the reflections of the country’s economy look healthy only by comparison against the battered image of the European continent at the financial mirror. LONDON | You may not know Jeremy Browne, but when you read the recent remarks…
As scepticisms go, the euro type of scepticism has often been a problematic movement in many European countries and particularly those on the Mediterranean shores. Instead of injecting a healthy dose of self-criticism and reality-check against ethereal principles under which most of the European Union’s administrative structures have grown accustomed to little public accountability, many euro sceptics hide ideological identities that would be hard to maintain on the surface of…
At The Corner, we have a noticeable penchant for mixing news from the bright side, so we couldn’t let pass this occasion in which one of the core-Europe main actors and some British-based bank analysts have had warm opinions on the state of the Spanish economy (emphasis is ours.) According to this piece of reporting from the best-seller Spanish newspaper El País, at the end of the European Council meeting, French president…
Doom: “With the turmoil threatening to spiral into financial meltdown as the value of banks' sovereign bond holdings slide, Merkel and Sarkozy are likely to discuss in Berlin both how to manage Greece, prevent contagion and strengthen lenders.” Gloom: “German Chancellor Angela Merkel will meet French President Nicolas Sarkozy amid signs that some European banks are feeling the strain of the lingering debt crisis which has pushed Greece to the brink…
Doom: “With the turmoil threatening to spiral into financial meltdown as the value of banks' sovereign bond holdings slide, Merkel and Sarkozy are likely to discuss in Berlin both how to manage Greece, prevent contagion and strengthen lenders.” Gloom: “German Chancellor Angela Merkel will meet French President Nicolas Sarkozy amid signs that some European banks are feeling the strain of the lingering debt crisis which has pushed Greece to the brink…