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Peston, Robert


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1 article of this author has been cited in the European Press Review so far.


The Times - United Kingdom | 21/10/2014

Recession above all a political threat for EU

The Eurozone is facing another recession. But far more dangerous than the nervous reaction of the financial markets is the citizens' growing frustration, warns the conservative daily The Times: "As for the eurozone, its biggest economies - Italy, France and Germany - seem unable to escape stagnation and are probably contracting right now. But the real threat is not the kind of financial meltdown that almost fractured the currency union three years ago. The promise by the European Central Bank to underwrite the balance sheets of banks and governments has largely dealt with that risk. The greater danger is political meltdown - eurozone citizens continuing to abandon mainstream parties and demonstrating with their votes that they see the currency union as a slow but unstoppable train to impoverishment."

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