Yesterday was the big German parliamentary decision on aid for Cyprus, and the burning question was whether Chancellor Angela Merkel would hold her coalition together or, as in past Bundestag crisis-management moments, rely on opposition votes to pass the package....
Read more »Merkel Reigns on Cyprus — Not
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 »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 »Calls for Spanish Premier to Quit Echo Attacks That Made Aznar
Spain’s socialist opposition leader Alfredo Perez Rubalcaba is trying to make the most of graft allegations against Prime Minister Mariano Rajoy. His campaign to get Rajoy to quit brings back memories of when the Socialist Party was ejected from power...
Read more »Today in Euro Crisis History: Annals of Innocence
February 14, 2010 Trichet Says Promises by European Leaders, Greece Are ‘Enough’ European Central Bank President Jean-Claude Trichet said promises made last week by Greece and the 26 other European Union governments on finances and the stability of the euro...
Read more »France Is Psyched for Deficit Valentine
Meeting budget-deficit targets isn’t France’s strong suit, but it’s looking increasingly likely that President Francois Hollande will be given some breathing space next week, when the European Commission puts out economic forecasts for the euro zone. The previous forecasts, in...
Read more »Berlusconi Rides Monte Paschi Scandal, Balotelli Signing to Surge
Former Prime Minister Silvio Berlusconi has cut the lead of front-runner Pier Luigi Bersani to 5 percentage points in the countdown to Italian parliamentary elections Feb. 24-25. Berlusconi is tapping into public anger over a banking scandal at Banca Monte...
Read more »Monte Paschi Provides Fodder for Berlusconi Attacks on Rivals
Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to European Central Bank President Mario Draghi, while providing fodder...
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