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Will Europe bid farewell to austerity?


Several EU states are stepping up their confrontation with Berlin on finance policy. They want to spend more and have more time to consolidate their budgets, and call on austerity champion Germany to increase its investments. How can Europe stimulate its economy?



Corriere del Ticino - Switzerland | Wednesday, 14. January 2015

Black zero: Germany shows the way

The German government can already present a balanced budget for 2014, it was announced on Tuesday. Finance Minister Wolfgang Schäuble had previously said the "black zero", as the balanced budget is known, wouldn't be achieved until 2015. Other countries should follow Germany's example, the liberal daily Corriere del Ticino applauds: » more


Il Sole 24 Ore - Italy | Wednesday, 5. November 2014

Don't just clean up your own back yard

Fiscal discipline is not a cure-all and European policy must not stop at national borders, the liberal business daily Il Sole 24 Ore writes commenting on the EU's growth prognosis: » more


Libération - France | Wednesday, 5. November 2014

Radical change of course needed

The EU is now badly in need of a new policy because austerity has all but ruined the European economy, the left-liberal daily Libération demands: » more


Avvenire - Italy | Wednesday, 29. October 2014

Austerity leading Eurozone into ruin

After France and Italy's government made certain concessions, EU Vice President for Economic and Monetary Affairs Jyrki Katainen has announced that the two countries' draft budgets for 2015 do not seriously breach the Eurozone's Stability Pact. This shouldn't obscure the fact that the Eurozone is still caught in a downwards spiral, the Catholic daily Avvenire believes: » more


Slate - France | Wednesday, 22. October 2014

France can't hope for mercy on its deficit

France is the only country in the Eurozone whose budget plan for 2015 foresees new debts of more than three percent of GDP. By yet again failing to meet the EU budget deficit requirements, Paris cannot be sure that the EU Commission will give the budget its blessing, the online magazine Slate warns: » more


Il Sole 24 Ore - Italy | Wednesday, 22. October 2014

Fight against recession could harm Commission

The new European Commission may fall victim to the tug of war over the right measures for countering a recession, the liberal business daily Il Sole 24 Ore fears: » more


Blog EUROPP - United Kingdom | Tuesday, 21. October 2014

Public investment good for Eurozone

Only a major increase in public investments in infrastructure and social welfare can revive the ailing economy of the Eurozone, political scientist Robert Hancké writes in the blog EUROPP of the London School of Economics: » more



Libération - France | Tuesday, 21. October 2014

Germany's change of heart very good news

The proposals by Germany and France for preventing an economic slump in Europe are the best news to come out of Europe for some time, the left-liberal daily Libération writes in delight: » more


Il Sole 24 Ore - Italy | Tuesday, 21. October 2014

Don't react to Italy's budget with dogmatism

Brussels should react sensibly rather than dogmatically to the tax cuts and new debts in Italy's budget law, economist Alberto Quadrio Curzio writes in the liberal business daily Il Sole 24 Ore: » more


Die Presse - Austria | Tuesday, 21. October 2014

France's government losing touch with reality

France's call for German investment in exchange for French cuts is outrageous, the liberal-conservative daily Die Presse criticises: » more


La Repubblica - Italy | Sunday, 19. October 2014

Italy entitled to higher deficit

Italy's government presented a so-called stability law on Thursday that foresees tax reductions and investments to the tune of 36 billion euros. Finally Rome is defending itself against Brussels' Stability Pact dictates, economist Tito Boeri applauds in the left-liberal daily La Repubblica: » more


The Malta Independent - Malta | Sunday, 19. October 2014

German austerity dictates boost EU extremists

The austerity policy imposed by Berlin threatens to bring extremist parties to power in several states, as happened under the Weimar Republic, the liberal-conservative daily The Malta Indeendent warns: » more


ABC - Spain | Thursday, 16. October 2014

Paris and Rome endanger Eurozone economy

Widespread scepticism about the state of the economy caused share prices to plunge on Wednesday. The Spanish share index Ibex dropped by 3.59 percent. France and Italy in particular must take action and introduce economic reforms to prevent the looming recession in the Eurozone, the conservative daily ABC insists: » more


Tages-Anzeiger - Switzerland | Monday, 13. October 2014

Harold James observes an economic disputation

The conflict over whether a new crisis can best be prevented with stimulus programmes as in France and the US or with austerity programmes as in Germany increasingly resembles a disputation from the Middle Ages, US history professor Harold James writes in the daily Tages-Anzeiger: » more


La Vanguardia - Spain | Friday, 10. October 2014

Germany hurting itself with austerity

Germany's exports dropped by 5.8 percent in August, the Federal Statistical Office announced on Thursday. Berlin must finally realise that the German economy can only grow in a healthy environment, the conservative daily La Vanguardia warns: » more


Le Point - France | Thursday, 9. October 2014

Convince Germany of need for investment

One of the key points to be addressed at the annual meeting of the IMF which will take place in Washington from Friday to Sunday is the possibility of the Eurozone sliding into another recession. But before an investment programme recommended by the Fund can be implemented Germany has to be convinced of the need for it, the liberal-conservative weekly magazine Le Point points out: » more


Wiener Zeitung - Austria | Wednesday, 8. October 2014

Eurobonds an antidote to the economic crisis

The International Monetary Fund has issued warnings of a drop in economic growth in Europe and a new global economic crisis. The state-run Wiener Zeitung makes a plug for Eurobonds as a way of boosting investments: » more



Diário de Notícias - Portugal | Tuesday, 21. October 2014

Remind Berlin of its own sins

Germany should remember that it itself was once one of Europe's "deficit sinners" yet didn't face any sanctions, the liberal-conservative daily Diário de Notícias writes: » more


To Vima Online - Greece | Friday, 10. October 2014

Europe's servile politicians afraid of Berlin

Rome and Paris called for budget constraints to be eased at the EU employment conference in Milan on Wednesday, and pressed for the EU to free up more funds to fight youth unemployment. This time too they will fail to persuade Berlin, the liberal online paper To Vima writes: » more

 

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Further articles on the subject » National debt, » EU Policy, » Economic Policy, » Economic situation, » Fiscal Policy, » Europe, » France, » Germany, » Italy
More from the press review on the subject » National debt, » EU Policy, » Economic Policy, » Economic situation, » Fiscal Policy, » Europe, » France, » Germany, » Italy


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