Economics,Politics
In emotional farewell pope says he resigned for good of Church
27.02.2013 12:34
(Reuters) - Pope Benedict bid an emotional farewell at his last general audience on Wednesday, saying he understood the gravity of his decision to become the first pontiff to resign in 600 years but that he had done it for the good of the Roman Catholic Church.
Addressing an estimated...
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Euro-Area Economic Confidence Increases More Than Estimated
27.02.2013 12:07
Bloomberg: Economic confidence in the euro area increased more than economists forecast in February, adding to signs that the 17-nation currency bloc may be emerging from a recession.
An index of executive and consumer sentiment rose to 91.1 from a revised 89.5 in January, the European...
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Wall Street Junk Kings Selling Debt Poised to Lose Value
27.02.2013 12:04
Bloomberg: Wall Street junk-bond underwriters, selling debt at a record pace after the securities returned 19 percent last year, say it’s obvious that prices will drop when interest rates rise. So don’t blame the banks.
“Our job first and foremost is to properly structure deals for companies...
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A-A-Another one bites the dust
27.02.2013 08:39
Presseurop: On February 22, the UK became the latest European nation to lose its platinum AAA credit worthiness status when rating agency Moody’s downgraded the country to Aa1. It’s an embarrassment to PM David Cameron, but not a shock to the markets, notes The Times, which encourages the...
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France’s elites are in denial
27.02.2013 08:35
Presseurop: Accused of sticking its head in the sand over the crisis, France has been downgraded by Moody's and become the biggest problem child in Europe. To the political elite in Paris, though, all that doesn’t matter, writes an author from Berlin in the conservative Welt.
It is rather...
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Austerity plunges Europe into recession
27.02.2013 08:30
Presseurop: The latest statistics on the state of the eurozone economy indicate that, contrary to what political leaders have recently been saying, the crisis is far from over.
The European press blames the economic shrinkage on austerity policies that prevail in most single currency states,...
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Failing the invisible generation
27.02.2013 08:28
Presseurop: Never have the under-30s had to face such precarity, while at the same time, disregard for their generation has reached an all-time high in the current election campaign.
No one will be able to accuse the future government of breaking its promises to young Italians, simply because...
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Beppe Grillo: The Europhobe comet
27.02.2013 08:24
Presseurop: Just a few days ahead of the February 24 and 25 elections, the Italian media are ignoring the success of the former comic and self-declared populist. However, according to the polls, Grillo and Berlusconi could give rise to an unprecedented coalition of...
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No Majority for Italy
27.02.2013 08:22
Corriere della Sera: The Italy that emerges from the ballot box is a jigsaw puzzle with tiny pieces. The two main coalitions look to be neck and neck, with the Centre-left ahead by a nose (31.6% against 30.65% in the Senate), but the real winner is Beppe Grillo’s Five Star MoVement (M5S). The...
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Elections in Cyprus: Berlin Pressures New President on Reforms
27.02.2013 08:20
DerSpiegel: Cypriot voters clearly expressed their preference for a euro-zone bailout of their financially struggling nation on Sunday, electing the conservative Nicos Anastasiades to be the country's next president. But Berlin remains skeptical and immediately pressured the incoming president...
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