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 - Feb 6 65 comments
by THE Twank - Feb 13 12 comments
by generic - Jan 30 7 comments
by Luis de Sousa - Feb 3 82 comments
by Zwackus - Feb 2 58 comments
by Drew J Jones - Jan 30 85 comments
by Gag Halfrunt - Jan 27 4 comments
by Frank Schnittger - Jan 28 13 comments
by THE Twank - Feb 1312 comments
by Frank Schnittger - Feb 665 comments
by Luis de Sousa - Feb 382 comments
by Zwackus - Feb 258 comments
by Drew J Jones - Feb 123 comments
by generic - Jan 307 comments
by Drew J Jones - Jan 3085 comments
by Frank Schnittger - Jan 2813 comments
by Gag Halfrunt - Jan 274 comments
by Frank Schnittger - Jan 2712 comments
by Frank Schnittger - Jan 2438 comments
by marco - Jan 2415 comments
by Frank Schnittger - Jan 2224 comments
by Drew J Jones - Jan 2134 comments
by Frank Schnittger - Jan 2111 comments
by Luis de Sousa - Jan 207 comments