MADRID | By El País | A total of €6bn for 6 million unemployed young Europeans. The plan presented by Germany and France is a response to an absolute emergency. But for it to work, it must be supported by a collective will.
Angela Merkel refuses to levy tariffs of 47% on Chinese solar panel imports because she fears damaging China-Germany relations and being shut out of its market. However, in Ray Kwong’s view, Berlin is too dependent on China’s economic engine, which could crack anytime due to territorial conflicts, too-rapid expansion of credit, lax environmental oversight, widening discontent among the population and many other legitimate problems.
MADRID | By JP Marín Arrese | Those longing for a growth strategy to invigorate their ailing economies delude themselves in thinking that Ms Merkel might prove to be more tractable once she is re-elected.
MADRID | Ignoring that Italians have given support to political programmes contrary to current austerity policies would be a temerity.
MADRID | In Italy, as in other southern eurozone countries, citizens cannot believe there will be light at the end of the austerity tunnel.
By Miguel Ángel Rodríguez, analyst at XTB | For all the noise these scandals bring about, the pressure on Merkel should not abate. The eurozone needs that Germany relaxes its stand on public investment cuts, and efficient measures to deal with sovereign debt should be agreed by core country members.
AMSTERDAM | Presseurop.eu | By Melvyn Krauss | The last minute negotiations in Washington to avoid a budget shortfall show that short-termism is well grounded in US politics. And by contrast, it shows that despite her controversial handling of the euro crisis, the German chancellor is wise enough to instead push for long-term solutions.
MADRID | As France pushed for in the last euro summit, the EU-wide banking supervisor would be set up by 2013. But its work will not begin until after Germany’s elections in the second half of the next year, and direct bank recapitalisation is out of the table, again. Ms Merkel was the real winner.
China is willing to help, but everyone has limits. Premier Wen Jiabao told visiting German Chancellor Angela Merkel at a state visit in Beijing on Thursday that Beijing plans to continue buying European sovereign debt, the strongest sign of support for its biggest trading partner in months, although it urged further measures to be taken. “The European debt crisis has continued to worsen, giving rise to serious concerns in the…
By Luis Arroyo, in Madrid | German Chancellor Angela Merkel the executioner recently said that austerity is the right path, and that Canada should provide a good enough example for non-believers. Should we have a closer look into her claims?, of course we must. Unfortunately for her, it clearly appears to be the case that Canada’s success has been supported by a monetary policy absolutely at odds with the European Central…