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Dixon, Hugo
3 articles of this author have been cited in the European Press Review so far.
EU must reckon on Greek bankruptcy
German Chancellor Angela Merkel and French President Nicolas Sarkozy cranked up the pressure on Greece to enact the promised reforms on Monday. Europe should start thinking about what will happen if Greece really files for bankruptcy, writes the business paper Cinco Días: "The Eurozone needs an emergency plan to deal with a potential explosion in Greece. Athens' most recent provocation will likely lead to a temporary solution. Otherwise the Greek banks will go bankrupt. And the rest of the Eurozone needs a plan to prevent the panic from spreading in the financial world. Europe's hard liners, led by Germany, have lost their patience with the repeated broken promises of the Greek government. ... But is the rest of Europe really ready to throw in the towel? If that happens it won't just be the Greek government that goes bust."
» full article (external link, Spanish)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Germany, » France, » Greece, » Europe
Davos props up the euro
The World Economic Forum in Davos ended on Sunday. The euro in particular has benefited from the meeting, the business paper Cinco Días points out: "The Eurozone crisis could be nearing its end. At the World Economic Forum in Davos, political leaders are optimistic that a global consensus could be achieved in the next few weeks. If this is the case the critical phase of the crisis could be over and even Greece would have the chance to get out of its impasse. There is no agreement yet, but the stars are aligning. Germany has realised that it has a great interest in the survival of the single currency - and will do everything necessary to ensure this happens. The peripheral nations also seem willing to go further and give Berlin the cover it needs to sell the idea to the German public that further help is needed."
» full article (external link, Spanish)
More from the press review on the subject » International Relations, » Fiscal Policy, » Economic Policy, » Switzerland, » Europe, » Global
How should EU act over blocked Abertis-Autostrade merger?
"What can the European Union do?" wonders leader writer Hugo Dixon in the wake of the Italian government's rejection of the proposed merger between the highway operators, the Italian company Autostrade and Spain's Abertis. "Try to defeat Italian protectionism by taking it before European courts? Although national courts are bound to apply European rulings, the rulings leave member state governments with enough legal alternatives to eventually break their enemies. All that remains is compromise. But because the stakes are high, it is important that the European Union should not agree to uphold a compromise."
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More from the press review on the subject » EU enlargement, » Corporations, » Italy, » Spain
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