Elul 22, 5776, 9/25/2016
In today's headlines: תג בכותרות
European debt crisis Bersani and Renzi Qualify For Next Week's RunoffEmulating the French Socialists, Italy's Democratic Party staged a primary in the hope that this will pave way to electoral victory. Catalonia Will Award Go Ahead To Independence VoteConvergence and Unity, the moderate Catalan nationalist party, expects to get a vote of confidence to pursue independence. France's Economic Woes Mean Trouble For The EuThe problems facing the French economy also threaten the European Union as a whole. Germany As Opposed To Europe Can Be BountifulTo increase reelection prospects the German coalition is increasing welfare spending. In Time Of Austerity EU Faces Tough Budget ChoicesThe EU is racing the clock to find a compromise on its 7 year budget. Spanish Uncertainty Spooks Previous OptimismSpain's Mariano Rajoy is being pressed to decide on whether Spain wants or rejects a bailout. Catalans Want Economic Sovereignty; Madrid Says NoThe economic crisis is unraveling the compromise reached on regional autonomy in Spain Britain Downplays The European Meeting At WarsawEurope is making moves towards forming a federal state with a military capacity. Is This The Awaited Solution Or Another EU StopgapThe defeat of explicitly anti-EU parties in Dutch elections and German court's ruling on constitutionality of ESM avert crisis - for now. Hollande Draws Fire From Both Left And RightFrancois Hollande has outlined his blueprint for taming the French budget deficit. No one is pleased. France And Southern Europe Sense No ChangeFrancoise Hollande, who briefly inspired hope in both France and Southern Europe, no longer offers any. Greeks Told That They Must Bite Economic BulletThe statements coming out of Germany are intended to tell Greek PM Samaras not to imagine renegotiating bailout. How Can Spain With 25% Unemployment Skimp Further?Spain's economic crisis is felt in schools, supermarkets and rubbish bins. Germany Fears Debt Union, Insists On BailoutsItaly and Spain have sought to get the ECB to purchase their bonds. Germany has blocked this approach, stirring resentment. The News From Europe Is Universally DepressingThe euro rallied today, but there are strong doubts it can keep up the pretense, given the succession of bad news. Germany's rating is down. Valencia And Sicily Increase Debt BurdenThe indebted regions have aggravated the financial plight of Spain and Italy and may lose some competencies. Osborne Claims Austerity Success Allows SpendingAttempting to jump-start a sagging economy, Britain will underwrite loans to infrastructure projects. Spain's Interest Rate Reaches Point Of No ReturnEuropean finance ministers hit resistance while trying to stave off a rout prompted by skyrocketing interest charges on Spanish debt. US And Germany Criticize NATO Ally RumaniaRumania, with looming financial crisis, is drawing criticism for tinkering with the constitution to impeach President Basescu Hollande Hikes Taxes On Wealthy And Oil IndustryDespite calls for slashing government spending from the national audit, the Socialist government of France is signalling higher taxation. Cyprus Takes Over The Rotating EU PresidencySmall countries that are economically endangered don't usually make successful European presidents. David Cameron's Diminishing Room For ManeuverDavid Cameron is increasingly hemmed in by Europe's evolution to greater centralization while his MPs call for getting out of EU. Barroso Bristles As EU Is Lectured By CanadaCanadian Prime Minister chided European leaders for lack of resolution and adhering to extravagant social spending. Socialists Consolidate Power In FranceThe French Socialists scored an absolute majority in the legislative elections, the first time they have accomplished this since 1981. Greece: Heavy Lifting For A Narrow CoalitionThe victory of New Democracy provides temporary relief for the Eurozone but the onerous problems remain. Gordon Brown Urges Action Warns Of French BailutThe simmering feud over policy between Germany and France was evident last week. Greeks Irate Over "Favoritism" Extended To SpainThe usual cycle of solution, temporary euphoria and return to nervousness accompanied the Spanish bank bailout. Spain Wants Bailout Without Calling It By NameSpain wants direct help to its troubled banking system claims it is a cheaper alternative. EU Warns France On Deficit And Competitiveness LagFeeling its way with the new French president, the EU reminds France that its obligations remain in force. Greek Polls Brighten For Pro Austerity PartiesGreece very much wants to stay in the Euro and fears the consequences of an exit. This may shift the vote in the rerun of the elections. Greeks To Stew And Ponder Euro Exit ImplicationsThe EU hopes that some reality checks like a bank run coupled with growth promises will produce a positive Greek vote. Growing Resignation Over Greek Euro Exit.As hopes dim that Greece will abide by the austerity package, there is increasing acceptance that Greece may leave the euro. Irish Yes On Stability Pact No Longer Done DealThe elections in France and Greece have narrowed the odds on Irish approval of the European Stability Pact. Election Victor Calls Austerity Policy RepressionIt will be hard to put a coherent Greek government together, increasing jitters in the Eurozone. Is Hollande's Challenge To Germany All Bluster?For now the financial markets are discounting Francois Hollande's campaign pledges as mere rhetoric. Geert Wilders Urges Return To The Nation StateThe current financial crisis has stirred resentment against the EU and strengthened calls for restoring national sovereignty.. Sarkozy Shakes EU By Introducing The "R" WordEven though his offer of a referendum reflects constitutional reality, Sarkozy's position further unnerves EU. Sarkozy And Hollande Both Blame EU For Le Pen VoteThe success of anti-EU candidate Marine Le Pen has caused a slanging match between the EU and French politicians. Ambassador Standley: Crisis Worst In EU's HistoryAmbassador Andrew Standley defended EU Mideast policy before skeptical journalists and conceded that the EU was facing its worst crisis. Spanish Woes Take Their Toll On The Euro's ValueInvestors are getting jittery about Europe with Spain becoming the epicenter of the crisis German Pirates Polling Between 9-12 PercentThe surprising surge in the polls of the German Pirate party has shaken assumptions about German stability. Angela Merkel's Room For Manouver Is NarrowingAngela Merkel got a lopsided vote in the Bundestag favoring a bailout but is facing growing dissent in her coalition and public opinion. |
