What was Europe’s debt problem is starting to look like Europe’s taxation problem. Words emerging from a one-day European Union summit in Brussels show EU leaders aren’t focused just on spending and deficits: they announced an investigation into “aggressive” use...
Read more »A Trillion Tax Euros Fall Between the Cracks
New Deal for Europe’s Youth: Learn to Cook in Germany
Europe has a new plan to help get the younger generation their first job. The “New Deal for Europe” offers under-25s in Mediterranean countries any job they’d like, just so long as it’s in catering, and in Germany. The “New...
Read more »Draghi Deposit Rate U-Turn Gets Negative Review
Yesterday, European Central Bank President Mario Draghi sent the euro falling and eyebrows rising when he suggested he was ready and willing to begin charging banks to park cash in a deposit facility in Frankfurt. A negative deposit rate, as...
Read more »Brussels and Mrs. Thatcher
Margaret Thatcher spoke about Europe mainly in terms of what she didn’t want: neither a “narrow-minded, inward-looking club” that is “ossified by endless regulation,” nor “an institutional device to be constantly modified according to the dictates of some abstract intellectual...
Read more »The Revolution Begins in . . . Malta
The revolution begins in Valletta — that’s the European center-left’s rallying cry after a longtime conservative bastion, Malta, fell to the Labour Party over the weekend. Never mind that with growth last year of 1 percent and a jobless rate...
Read more »Monti’s Virtue vs. Germany’s Vices
For once, Mario Monti had a sympathetic audience — dozens of European officials he mingled with and presided over during a 10-year European Commission career that, by the looks of it, he will remember more fondly than the 15 months...
Read more »Italy’s Vote Was Bersani’s to Lose, and He Almost Pulled It Off
The Italian elections were his to lose, and Democratic Party leader Pier Luigi Bersani did a really good job of almost doing just that. Bersani, a former communist who backed Prime Minister Mario Monti’s technical government, squandered a 15-point poll...
Read more »Today in Euro Crisis History: Annals of Soothsaying
February 19, 2009 Roubini Says a Sovereign May ‘Crack’ Amid Crisis Nouriel Roubini, the New York University professor who predicted the global credit crisis, said a “sovereign may crack” as officials try to bail out their financial systems. Europe’s debt...
Read more »Pope, Music Festival May Have Clipped Berlusconi’s Poll Momentum
Pope Benedict XVI’s surprise resignation and the popular San Remo music festival may have clipped some of former Prime Minister Silvio Berlusconi’s momentum in the campaign for Italy’s end-of-month election amid a blackout on opinion polls. Pope Benedict’s Feb. 11...
Read more »Draghi Dismisses Currency Spat as More Jaw Than War
Mario Draghi says the currency war is phoney. According to the European Central Bank president, there’s been too much “chatter” in the past two weeks about fluctuations in global currencies, set off by a decision by Japan’s central bank to...
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