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Eurointelligence Daily Briefing: Why does it take Merkel so long to come out in support of Draghi? (29.04.2011)
Merkel's staff brief journalists that she is ready to back Mario Draghi for the ECB; her spokesman still denies the story, presumably to allow her to pull back if she were encounter any opposition; Bild says Draghi was the most Germanic of all candidates; Juncker is also now supporting Draghi; Socrates wants bailout package ready mid-May, IMF and Juncker more cautious; Costas warns of effect of unemployment on the Portuguese banking sector; Greek two-year bond yields decline for the first time in 12 days; trade unions announce strike action against Greek privatisation plans; a Reuters poll suggests that there will be no rate rise until July; Orphanides says too little progress has been made on the too-big-to-fail problem of large financial institutions; El Pais warns of a miserable decade ahead for the Spanish labour market; Germany supports European company statute for mid-sized firms; Il Sole 24 ore, meanwhile, reports on the debate on whether a soft restructuring of Greek sovereign debt would trigger CDS contracts.
(Google link)

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sat Apr 30th, 2011 at 04:18:27 AM EST

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