The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Not quite. The most obvious difference is an quotation by Nicolas Veron from Bruegel but there's also a summary of El Pais' own reporting from the previous week as well as other information not contained in the Reuters article.
As for the general editorialising tone of El Pais' coverage, there are things like Terrible management at German banks (google translate)
By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
:: :: :: :: ::
As for the end of that article, in Google translate:
...And yet, once again, Germany will have the last word. Merkel gave her support "transparency" involving the testing, but also warned that "details" (which eventually will be released), "the finance ministers decided in Ecofin." In other words, it depends on what his minister Wolfgang Schauble decree on 13 July.
If I read this right, El País is insinuating that Merkel is foreshadowing that Schäuble will water down the transparency in a month. If that's the right reading, then I suspected a misinterpretation already from having read articles on the stress tests two days ago that criticised the EC for not fixing details, so I tried to track this down.
This is obviously an evasion of a question on specific details.
As for what Schäuble's ministry did on the stress test front after the EU summit: going beyond the "if you have nothing to hide..." argument (see this comment of mine), they look for ways to change German law that mandates the tested bank's approval for publication, and Schäuble gave an interview (to another business magazine, the interviewer of which is another automatically blaming Greeks and Spaniards for the situation) in which he insists that the risk of eventual bailouts in the wake of the publication is one to take, one for which the EU has funds ready, and claims that "we won't have to pay in the end" [speak: any run on a bank would be stopped with temporary liquidity injections that are repaid after the bankruptcy is averted].
One whose delusions are out of fashion.
by Frank Schnittger - May 20 14 comments
by Frank Schnittger - May 20 3 comments
by Frank Schnittger - May 15 22 comments
by Frank Schnittger - May 19 3 comments
by Zwackus - May 12 18 comments
by Frank Schnittger - May 11 11 comments
by Zwackus - May 6 69 comments
by Bernard - May 6 41 comments
by Frank Schnittger - May 203 comments
by Frank Schnittger - May 2014 comments
by Frank Schnittger - May 193 comments
by Frank Schnittger - May 1522 comments
by Zwackus - May 1218 comments
by Frank Schnittger - May 1111 comments
by Bernard - May 641 comments
by Zwackus - May 669 comments
by Frank Schnittger - May 419 comments
by Frank Schnittger - Apr 2918 comments