European Central Bank: ‘Draghi up to a trillion’
In a bid to stimulate economic recovery in Europe, on 3 July the executive board of the European Central Bank (ECB) decided to increase the amount of credit to be made available to businesses in...
View ArticlePortugal: ‘Suspect’
Ricardo Salgado, former president and founder of the Banco Espírito Santo (BES) bank in Portugal, was taken into custody on 24 July on suspicion of fraud, breach of trust, forgery and money laundering,...
View ArticlePortugal: ‘Saving BES costs 4.9 billion’
Portugal Central Bank announced on 3 August its plan for the rescue of Banco Espirito Santo (BES). BES “Is accused of persuing ‘fraudulent financial transactions’” writes Jornal de Notícias, and has...
View ArticleStagnating growth: ‘Eurozone recovery shudders to a halt’
Lacklustre performances from the eurozone’s three biggest economies resulted in stagnating growth in the second quarter of 2014, writes the Financial Times. France registered zero growth, leading its...
View ArticleUnited Kingdom: US banks bracing for Brexit
According to sources quoted by the Financial Times, three American banks — Bank of America, Citigroup and Morgan Stanley — are “drawing up plans to move some London-based activities to Ireland to...
View ArticleFrance: ‘Regime crisis’
On 25 August French prime minister Manuel Valls resigned, after being harshly attacked by dissident ministers and fellow Socialist MPs for implementing economic austerity policies allegedly dictated by...
View ArticleEuropean Commission: ‘Germany wants a European commissioner with veto rights’
“Germany is more active than ever in its war against those who would challenge the policies it has imposed on Europe since 2010,” reports i. During an annual conference of central banks on economic...
View ArticleEuropean Central Bank: Can Mario Draghi save the eurozone alone?
For Le Monde, Mario Draghi is “the useful man of Europe”. The French daily explains in its editorial, “the man guiding the European Central Bank [ECB] knows how to weather the storm: he sends orthodoxy...
View ArticleRussia: Destabilising Ukraine
Berthold Kohler writes in the Frankfurther Allgemeine Sonntagszeitung that Russian President Vladimir Putin has “no interest in a prospering Ukraine”, arguing Putin aims to create a “failed state” that...
View ArticleEurozone: ‘SuperMario comes to rescue’
“ECB is stimulating the European economy”, says El Periódico, as Mario Draghi announced that the European Central Bank will cut its main interest rate from 1.15 per cent to a record-low 0.05 per cent....
View ArticleUKRAINE CRISIS: “Sanctions delayed”
The EU will delay, “by a few days” the implementation of new sanctions against Russia thus giving some time to assess whether a ceasefire in Eastern Ukraine will hold, reports Gazeta Wyborcza,...
View Articleeurozone: ‘Draghi’s warning: Europe is stalled’
“Recovery has lost its ‘momentum’, as some countries are still resisting on implementing reforms”, writes ABC in the wake of Mario Draghi’s speech on a meeting with the European Parliament’s Economic...
View ArticleFrance: ‘The Nobel Prize: the return of a victorious France’
Following Patrick Modiano’s win of the 2014 Nobel Prize for Literature, another Frenchman has taken the prize for economics: researcher Jean Tirole, for work that “has clarified how to understand and...
View ArticleEurozone: ‘Fear of another recession in the EU makes stock market sink’
“The ghost of a new recession in the EU clearly materialised in the financial markets yesterday [15 October], as European stocks suffered their most severe drop in recent months,” writes El Mundo....
View ArticleEurozone: The seven fears of the markets
“For two years it seemed to be getting better, but pessimism has returned to the financial markets”, writes Dutch newspaper De Volkskrant after the Amsterdam Exchange Index (AEX) closed at the lowest...
View ArticleEurozone: ‘Europe’s economy: “It’s only resting”’
“The world economy is not in good shape. [...] But the biggest economic threat, by far, comes from continental Europe”, writes The Economist. The magazine’s cover refers to the infamous Monty Python...
View ArticleEU budget: ‘Brussels demands €2bn from UK after economy outpaces EU rivals’
“Britain has been told to pay an extra €2.1bn to the EU budget within weeks on account of its relative prosperity,” writes the Financial Times, adding that “Germany receives a rebate of €779m [and]...
View ArticleBanks: ‘Italy under pressure as nine banks fail stress tests’
The European Central Bank [ECB] published the results of its assessment of the 130 largest banks in the eurozone on 26 October, setting 11 of those banks a two-week deadline to explain how they would...
View ArticleAustria-Hungary: Clouds gather over the former partners
Tensions are brewing between the two former partners of the Austro-Hungarian Empire: if, during his official visit to Hungary on 15 October, Austrian president Heinz Fischer “certainly received a warm...
View ArticleLuxembourg: Inquiry into ‘the world’s premier corporate tax haven’
Luxembourg uses a system of secret agreements to hide “billions of euros in revenue” of thousands of multinational companies from governments around the world, reveals Le Monde in partnership with...
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