Youth unemployment needs an EU response
BRUSSELS | By Alessio Pisanò | Only the EU has the means, if the Member States stop undermining the EU budget, the structure and the social and cultural requirements to fight youth unemployment.
Europe
Against a two-bloc Europe
MADRID | The construction of a Latin front that could counterbalance a few powerful neighbours to the north, led by Germany, is too simple a solution to the crisis and encourages the nationalism of old Europe, writes Javier Cercas.
100,000 foreign seasonal workers in Europe are in a mess
MADRID | By Julia Pastor | Most of these third-country workers in the EU find a job in the agriculture and tourism sectors, but the labour market segmentation divides them into first and second class.
“The eurozone must find economic growth without State aid”
MADRID | By Tania Suárez | Director of financial analysis at Profim EAFI, Jose Maria Luna Morales, argues that austerity measures in the euro zone were “necessary” but adds that “some privileges of many public institutions can still be reduced”. He also notes that although “Europe still may suffer months of stagnation”, that does not imply “a long period of stagnation'” for the EZ as a whole.
European real estate could see price recovery despite periphery divide
Amid the generally gloomy economic statistics, however, and much to many commentators’ surprise, there is a whiff of optimism in the air in Europe that could prop up the European real estate markets.
The US fear Europe’s austericide
As anger and despair over austerity spread in Europe, more US analysts are expressing their solidarity towards protesters and skepticism towards policy makers. A turning point was IMF’s shift, saying that tax hikes and spending cuts causing far more economic damage than experts had assumed.
Obama’s undeserved European love
Democrats just took again the White House for the next four years, but President Barack Obama-starstruck Europe must face the facts: it is no longer considered a strategic priority or asset by the United States.
Mainstream Renewable Power plugs Canadian investors
Mainstream Renewable Power, the global solar and wind energy company, announced it is successfully tapping credit lines to increase its capital base. Mainstream, which is Europe’s leading independent offshore wind developer, signed this week a corporate facility for up to €60 million provided by Macquarie Group. According to the terms of the transaction, Mainstream will receive an initial €40 million corporate loan with provision for an additional €20 million at a future date…
Banking union: the new battleground for Europe
As European financial crisis enters a critical stage, should the ECB have the power to supervise all euro zone banks as well as those in non-euro zone countries that choose to become part of a single mechanism or shall it focus on monitoring only the big, systemic banks instead? European commissioner for economic and monetary affairs Olli Rehn believes in the first approach; German Finance Minister Wolfgang Schaeuble has rejected…
After EBC’s meeting, Portuguese bailout (JP Morgan)
By Tania Suárez, Madrid | Global growth will remain below trend until later this year, according to JP Morgan expectations. Rates have dropped less than 50bp from their peaks in 2011 and are projected to fall further 20bp until late 2012. Developed markets authorities believe that “the limit of zero interest rates has eliminated the possibility of conventional action.” Meanwhile, emerging markets with still flexible rates, have “persistently high inflation…