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.
The FT has seen a copy of the rescue deal, which suggest that the adjustment is far bigger than what Socrates seemed to suggest; there will be special taxes on pensions, and welfare benefits, freezes on pensions and public sector pay, and dismissal reforms; includes a forecast of a contraction of 1.5%-2% for 2011 and 2012 each; Reuters writes that the final size of the package may be higher than 78bn, depending on the capitalisation needs of the banks;Portugal's opposition said it will accept the package; the ECB's governing board meets in Finland today, as observers are sharply divided over whether the next rate rise will come in June or July; euro/dollar shoots up; Enda Kenny says an announcement on Ireland's interest rate reduction will come after the agreement on the Portugal rescue package - without any concession on corporate taxes; Ireland's fiscal position improved during April; Ireland, Germany and the UK spent the most money on bank rescues in the EU; a sighting of DSK in a Porsche is making headline news in the French media; Merkel is reportedly hopping mad about the number of Italians running important EU-level economic jobs; Xavier Fidal Folch compares the euro rescue to the stone of Sisyphus - rolling down once it reach the top; Holger Stelzner said the rescue operations have been unsuccessful, and that only structural reforms will work; Thomas Hanke says the cut in interest rates on the Greek loan already constituted a form of restructuring; Wolfgang Proissl says Jens Weidmann could be the next ECB president - after Draghi.
by Zwackus - May 28 32 comments
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 Bernard - May 6 41 comments
by gmoke - May 29
by Zwackus - May 2832 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