Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Eurointelligence Daily Briefing: Portugal brags about EFSF terms
José  Sócrates agrees €78bn EFSF programme; deal includes a softer deficit reduction trajectory;interest rate to be decided May 16; Sócrates claims he got a better deal than the Greeks and the Irish (which will no doubt lead to calls for a renegotiation of existing programmes); he also brags that there will be no additional pain in 2011; the troika forecasts a 2% contraction of the Portuguese economy this year; Jyrki Katainen is optimistic that he could gain a parliamentary mandate allowing him to support the Portuguese programme; Michael Noonan says Ireland is solvent due to current account surplus; Bank of Spain gives cautious outlook in its latest Financial Stability Report; Nicolas Sarkozy plans to focus his re-election campaign on fiscal rigour, as his advisers talk of a possible ratings downgrade; Wolfgang Schäuble's budget plan will be saved through much higher revenues from a booming economy; ECB fails to sterilise bond purchases yet again; Martin Wolf, meanwhile, argues that the eurozone faces a choice between permanent pro-cyclical adjustments, a break-up; or closer
union.
(Google link)

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed May 4th, 2011 at 04:00:41 AM EST

Others have rated this comment as follows:

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 3
127 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series